Borrow S: rates on every exchange
Annualised margin borrow rates for S at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-11-11 23:04 UTC
S borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Bitget | 1.63% | 2.08% | 2.09% | 2.08% | $289.7K | $3.5K | Borrowable |
| Bybit | 9.79% | 9.86% | 10.44% | 9.86% | $7.4K | not published | Borrowable |
| Binance | 12.42% | 14.22% | 15.18% | 14.22% | $7.6K | not published | Borrowable |
| OKX | 17.61% | 18.71% | 20.41% | 18.71% | $9K | not published | Borrowable |
| Gate | 19.86% | 20.09% | 20.40% | 20.09% * | $30K | not published | Borrowable |
Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred).
Reverse carry on S: borrow and sell spot, long the perp
No reverse S carry nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
S perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | S |
Questions
Where is it cheapest to borrow S?
Bitget, at 2.08% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend S.
Can I earn negative funding on S by borrowing it?
Not right now: no reverse S carry covers its borrow interest, fees and slippage at $10,000 for 7 days.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.