On Binance, traders holding leveraged Bitcoin longs paid 10.95% a year in funding in the Nov 9 read at 05:25 UTC. Borrowing $BTC itself on margin there cost just 0.49% a year.
That left a recorded gap of 10.46% a year between what longs pay and what borrowers pay, the widest across the 15 assets we track on three venues.
Borrowing USDT was cheapest on Bybit at 3.98% a year and dearest on Binance at 5.7%. The median across venues came in at 4%.
That left a recorded gap of 10.46% a year between what longs pay and what borrowers pay, the widest across the 15 assets we track on three venues.
Borrowing USDT was cheapest on Bybit at 3.98% a year and dearest on Binance at 5.7%. The median across venues came in at 4%.
