# Borrow NEX: rates on every exchange

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

Updated 2026-10-30 05:06 UTC · https://afterfees.xyz/borrow/NEX

## NEX 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) | 12.96% | 12.89% | 22.29% | 12.96% | $33.4K | $26.4K | 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._

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

No reverse NEX 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._

## NEX perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [BingX](https://afterfees.xyz/venues/bingx) | 10000NEX-USDT | 0.0035% | 4 h | +7.7% |
| [MEXC](https://afterfees.xyz/venues/mexc) | NEX_USDT | 0.0050% | 4 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | 10000NEXUSDT | 0.0050% | 4 h | +10.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | NEXUSDTM | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 12.96% a year at the rate we count (the higher of the current rate and the 24 h average), among 1 exchanges that lend NEX.

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

Not right now: no reverse NEX 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._