Leveraged Bitcoin longs on Binance were paying 10.95% a year in funding to keep their bets open in the Nov 4 read at 05:25 UTC. Borrowing $BTC itself on margin at the same exchange cost 0.5% a year.
That left a recorded gap of 10.45% between what longs pay and what the coin costs to borrow, the widest of the 15 assets we track across three venues.
Dollars were the pricier loan. The median USDT margin rate came to 5.1% a year, with Bybit the cheapest at 3.95% and Binance the most expensive at 5.83%.
That left a recorded gap of 10.45% between what longs pay and what the coin costs to borrow, the widest of the 15 assets we track across three venues.
Dollars were the pricier loan. The median USDT margin rate came to 5.1% a year, with Bybit the cheapest at 3.95% and Binance the most expensive at 5.83%.
