### Comment:
My dude, I think this clears things up: 
  
  [https://ibkb.interactivebrokers.com/node/41](https://ibkb.interactivebrokers.com/node/41)

### REPLY:
Yeah it agrees with what I wrote, I think. 1.85% is the fed funds in that Apple example they used. And because Apple is easy to borrow at 0.25% fee, if you short it you're actually getting paid 1.6% (1.85% - 0.25% = 1.60%).

### END.