Post
Topic
Board Trading Discussion
Topic OP
Interest percentage on borrowing through Binance Margin
by
loll_l
on 09/05/2022, 03:35:15 UTC
I shorted BTC around 4 days ago now and I still have the same trade open - which is going pretty well. It's just occurred to me however that I am being charged interest on the 0.28799000 BTC that I borrowed!....

I'm a bit confused as to how much interest I am being charged as, when I select "Borrow" from the trading screen, this comes up:

https://i.postimg.cc/DwqdnhGR/Screenshot-1.jpg

Yet, this is the interest displayed in my margin wallet:

https://i.postimg.cc/63QdrGPN/Screenshot-2.jpg

One says the interested is 0.00041667% and the other says 0.00007057%... which is correct? And, is this being charged hourly?

Also, how do I add images to posts on this forum? I can't work out how to do it!