# Borrow 2Z: rates on every exchange

Annualised margin borrow rates for 2Z at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-10-29 23:01 UTC · https://afterfees.xyz/borrow/2Z

## 2Z borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.34% | 1.29% | 1.80% | 1.34% | $72.1K | $7.5K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 10.67% | 9.32% | 9.31% | 10.67% | $2.5K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 12.40% | 10.72% | 10.76% | 12.40% | $876 | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 51.62% | 51.62% | 51.62% | 51.62% | $4.7K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 158.57% | 77.87% | 87.62% | 158.57% * | $30K | not published | Borrowable |

_Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred)._

## Reverse carry on 2Z: borrow and sell spot, long the perp

No reverse 2Z carry nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## 2Z perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Backpack](https://afterfees.xyz/venues/backpack) | 2Z_USDC_PERP | -0.0192% | 1 h | −167.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | 2Z_USDT | -0.0010% | 4 h | −2.2% |
| [Bybit](https://afterfees.xyz/venues/bybit) | 2ZUSDT | -0.0006% | 4 h | −1.3% |
| [BingX](https://afterfees.xyz/venues/bingx) | 2Z-USDT | -0.0002% | 4 h | −0.4% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | 2ZUSDTM | 0.0044% | 4 h | +9.6% |
| [Lighter](https://afterfees.xyz/venues/lighter) | 2Z | 0.0012% | 1 h | +10.5% |
| [OKX](https://afterfees.xyz/venues/okx) | 2Z-USDT-SWAP | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | 2ZUSDT | 0.0050% | 4 h | +10.9% |

## Coins

|   |   |
|---|---|
| Funding rates and every arbitrage on this coin | [2Z](https://afterfees.xyz/coin/2Z) |

## Questions

**Where is it cheapest to borrow 2Z?**

Bitget, at 1.34% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend 2Z.

**Can I earn negative funding on 2Z by borrowing it?**

Not right now: no reverse 2Z carry covers its borrow interest, fees and slippage at $10,000 for 7 days.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._