Binance charged the most of the three venues we track to borrow USDT on margin in the Nov 7 read at 05:25 UTC, at 5.88% a year. Bybit was the cheapest at 3.97%, and the median across venues came in at 4%.
The same exchange lent out $LINK for just 0.62% a year. Traders holding leveraged LINK longs on Binance were paying 10.95% a year in funding, the fee longs hand to shorts to keep their positions open.
That left a recorded gap of 10.33% between the two, the widest of the 15 assets we track.
The same exchange lent out $LINK for just 0.62% a year. Traders holding leveraged LINK longs on Binance were paying 10.95% a year in funding, the fee longs hand to shorts to keep their positions open.
That left a recorded gap of 10.33% between the two, the widest of the 15 assets we track.
