# Borrow INJ: rates on every exchange

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

Updated 2026-10-29 20:06 UTC · https://afterfees.xyz/borrow/INJ

## INJ borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Binance](https://afterfees.xyz/venues/binance) | 1.90% | 2.10% | 2.29% | 2.10% | $7.8K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 2.21% | 2.25% | 2.37% | 2.25% | $308.7K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 2.81% | 2.91% | 2.95% | 2.91% | $39M | $613.5K | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 6.90% | 7.00% | 7.25% | 7.00% * | $120K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 8.21% | 7.90% | 7.80% | 8.21% | $46.9K | 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 INJ: borrow and sell spot, long the perp

No reverse INJ 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._

## INJ perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [ApeX](https://afterfees.xyz/venues/apex) | INJ-USDT | -0.0047% | 1 h | −41.0% |
| [dYdX](https://afterfees.xyz/venues/dydx) | INJ-USD | 0.0000% | 1 h | 0.0% |
| [BingX](https://afterfees.xyz/venues/bingx) | INJ-USDT | 0.0080% | 8 h | +8.8% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | INJUSDTM | 0.0100% | 8 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | INJ-USDT-SWAP | 0.0100% | 8 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | INJUSDT | 0.0100% | 8 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | INJUSDT | 0.0100% | 8 h | +10.9% |
| [Aster](https://afterfees.xyz/venues/aster) | INJUSDT | 0.0100% | 8 h | +10.9% |

## Coins

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

## Questions

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

Binance, at 2.10% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend INJ.

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

Not right now: no reverse INJ 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._