Margin Borrow Fees
What it costs to borrow each coin for spot margin trading, compared across 6 exchanges at base VIP tier. Daily interest rates — the cheapest venue per coin is highlighted.
Daily Borrow Rate by Exchange
Green marks the cheapest venue for each coin
| Coin | Binance | OKX | Bybit | Bitget | Gate | Kucoin |
|---|---|---|---|---|---|---|
| 0.0012% | 0.0014% | 0.0012% | 0.0006% | 0.0003% | 0.0100% | |
| 0.0054% | 0.0028% | 0.0050% | 0.0042% | 0.0050% | 0.0100% | |
| 0.0119% | 0.0096% | 0.0095% | 0.0087% | 0.0056% | 0.0100% | |
| 0.0130% | 0.0096% | 0.0086% | 0.0084% | 0.0062% | 0.0100% | |
| 0.0138% | 0.0110% | 0.0126% | 0.0084% | 0.0072% | 0.0100% | |
| 0.0098% | 0.0028% | 0.0082% | 0.0040% | 0.0004% | 0.0100% | |
| 0.0077% | 0.0028% | 0.0101% | 0.0052% | 0.0004% | 0.0100% | |
| 0.0098% | 0.0028% | 0.0130% | 0.0078% | 0.0003% | 0.0100% | |
| 0.0120% | 0.0028% | 0.0186% | 0.0044% | 0.0007% | 0.0100% | |
| 0.0267% | 0.0321% | 0.0434% | 0.0216% | 0.0066% | 0.0100% | |
| 0.0080% | 0.0028% | — | 0.0044% | 0.0005% | 0.0100% | |
| 0.0018% | 0.0028% | — | 0.0028% | 0.0024% | 0.0100% | |
| 0.0015% | 0.0028% | 0.0024% | 0.0063% | 0.0003% | 0.0100% | |
| 0.0064% | 0.0301% | — | 0.0042% | 0.0036% | 0.0100% |
Rates are the exchanges' published base-tier (VIP 0) daily borrow interest; higher VIP tiers and promotional rates can be materially cheaper. Annualized cost ≈ daily rate × 365. For perpetual-futures carry costs, see cumulative funding fees instead.
Margin Interest vs Funding
You borrow the actual asset (or stablecoin) and pay interest hourly or daily, regardless of market direction. Cost is predictable but always positive.
Perps charge a variable funding rate that flips between longs and shorts. Shorting via margin borrow can be cheaper than paying persistent negative funding — this table lets you compare.
Methodology & Sources
- Sources
- Exchange-published margin borrow interest rate schedules
- Coverage
- 6 spot-margin venues (Binance, OKX, Bybit, Bitget, Gate, Kucoin), at base VIP 0 tier
- Formulas
- Each cell shows the exchange's published daily borrow interest rate for the coin at base (VIP 0) tier; the cheapest venue per coin is highlighted. Annualized cost ≈ daily rate × 365.
- Update frequency
- Refreshes roughly every 10 minutes; exchange rate schedules typically change daily or less often.
- Units & timezone
- Rates are percent of borrowed value per day. Timestamps UTC.
- Anomaly handling
- Exchanges that stop reporting are dropped from aggregates rather than carried forward; obvious outliers (bad ticks, decimal errors) are filtered before aggregation.