# Borrow SNX: rates on every exchange

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

Updated 2026-10-30 00:29 UTC · https://afterfees.xyz/borrow/SNX

## SNX borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | 13.14% | 13.25% | 13.24% | 13.25% | $3.5K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 14.79% | 15.21% | 15.71% | 15.21% * | $10K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 15.73% | 14.03% | 13.24% | 15.73% | $1.7K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 16.10% | 16.00% | 15.97% | 16.10% | $3.8K | 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 SNX: borrow and sell spot, long the perp

No reverse SNX 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._

## SNX perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_SNXUSD | 0.0000% | 1 h | +0.4% |
| [MEXC](https://afterfees.xyz/venues/mexc) | SNX_USDT | 0.0076% | 8 h | +8.3% |
| [Binance](https://afterfees.xyz/venues/binance) | SNXUSDT | 0.0076% | 8 h | +8.3% |
| [BloFin](https://afterfees.xyz/venues/blofin) | SNX-USDT | 0.0099% | 8 h | +10.8% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | SNXUSDTM | 0.0100% | 8 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | SNX-USDT-SWAP | 0.0100% | 8 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | SNXUSDT | 0.0100% | 8 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | SNX-USDT | 0.0100% | 8 h | +10.9% |

## Coins

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

## Questions

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

Bybit, at 13.25% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend SNX.

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

Not right now: no reverse SNX 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._