# Borrow ENA: rates on every exchange

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

Updated 2026-10-30 07:59 UTC · https://afterfees.xyz/borrow/ENA

## ENA borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [OKX](https://afterfees.xyz/venues/okx) | 1.01% | 1.01% | 1.01% | 1.01% | $3.2K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 2.84% | 1.50% | 1.30% | 2.84% | $420.1K | $1.3M | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 2.05% | 2.99% | 2.77% | 2.99% | $148.3K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 26.85% | 23.61% | 23.10% | 26.85% | $45.6K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 49.05% | 49.09% | 48.74% | 49.09% * | $600K | 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 ENA: borrow and sell spot, long the perp

No reverse ENA 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._

## ENA perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Backpack](https://afterfees.xyz/venues/backpack) | ENA_USDC_PERP | -0.0070% | 1 h | −61.2% |
| [GRVT](https://afterfees.xyz/venues/grvt) | ENA_USDT_Perp | -0.0071% | 4 h | −15.5% |
| [OKX](https://afterfees.xyz/venues/okx) | ENA-USDT-SWAP | -0.0113% | 8 h | −12.4% |
| [Bybit](https://afterfees.xyz/venues/bybit) | ENAUSDT | -0.0047% | 4 h | −10.2% |
| [Bitget](https://afterfees.xyz/venues/bitget) | ENAUSDT | 0.0028% | 4 h | +6.1% |
| [Paradex](https://afterfees.xyz/venues/paradex) | ENA-USD-PERP | 0.0072% | 8 h | +7.9% |
| [Lighter](https://afterfees.xyz/venues/lighter) | ENA | 0.0012% | 1 h | +10.5% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ENA_USDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

**Where is it cheapest to borrow ENA?**

OKX, at 1.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend ENA.

**Can I earn negative funding on ENA by borrowing it?**

Not right now: no reverse ENA 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._