Crypto Borrowing Cost Comparison
Compare the total cost of borrowing across DeFi protocols and CeFi platforms. Enter your collateral and loan amount to find the cheapest option.
Your Loan
Effective LTV: 30.0%
6 platforms available for this loan
Morpho
DeFiNo KYC$45
total cost of borrowing
APR
0.3%
Total Interest
$45
Monthly Payment
$1,254
Max LTV
77%
Safety Buffer
61%
Aave V3
DeFiNo KYC$83
total cost of borrowing
APR
0.5%
Total Interest
$75
Monthly Payment
$1,257
Max LTV
73%
Safety Buffer
59%
Compound V3
DeFiNo KYC$450
total cost of borrowing
APR
3%
Total Interest
$450
Monthly Payment
$1,288
Max LTV
70%
Safety Buffer
57%
Nexo
CeFi$1,035
total cost of borrowing
APR
6.9%
Total Interest
$1,035
Monthly Payment
$1,336
Max LTV
50%
Safety Buffer
40%
CoinRabbit
CeFiNo KYC$1,800
total cost of borrowing
APR
12%
Total Interest
$1,800
Monthly Payment
$1,400
Max LTV
80%
Safety Buffer
63%
Ledn
CeFi$1,860
total cost of borrowing
APR
12.4%
Total Interest
$1,860
Monthly Payment
$1,405
Max LTV
50%
Safety Buffer
40%
Important: Rates shown are approximate and change frequently. DeFi rates fluctuate based on utilization. CeFi rates may depend on loyalty tiers or account levels. Total cost calculations are estimates — actual costs depend on rate changes over the loan term, gas fees (DeFi), and platform-specific terms. This is not financial advice. Always verify current rates on the platform before borrowing.
How This Calculator Works
This tool compares the total cost of borrowing across multiple crypto lending platforms. It calculates interest charges, origination fees, and shows the safety buffer before liquidation — so you can make an apples-to-apples comparison.
DeFi protocols (Aave, Compound, Morpho) typically have lower rates but require self-custody and gas fees. CeFi platforms (Nexo, Ledn) offer simpler UX but may have higher rates. This calculator helps you see the true cost difference.
Key Factors Beyond Cost
- Custody: CeFi holds your collateral. DeFi uses smart contracts — you keep your keys.
- Gas fees: DeFi transactions cost gas (not included in this calculator). Factor in $5-$50+ per transaction on Ethereum.
- Rate stability: CeFi rates are typically fixed for a period. DeFi rates change every block.
- Insurance: CeFi may offer custodial insurance. DeFi relies on smart contract security.
- KYC: CeFi requires identity verification. DeFi is permissionless.
Related Resources
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