# Borrow TRX: rates on every exchange

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

Updated 2026-10-29 20:36 UTC · https://afterfees.xyz/borrow/TRX

## TRX borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | 2.49% | 2.49% | 2.49% | 2.49% * | $240K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 7.91% | 7.92% | 7.86% | 7.92% | $3.3M | $913.1K | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 10.76% | 10.68% | 10.66% | 10.76% | $50K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 13.10% | 13.48% | 13.63% | 13.48% | $496.7K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 16.14% | 16.03% | 15.96% | 16.14% | $195.7K | 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 TRX: borrow and sell spot, long the perp

No reverse TRX 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._

## TRX perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [HTX](https://afterfees.xyz/venues/htx) | TRX-USDT | -0.0247% | 8 h | −27.1% |
| [Backpack](https://afterfees.xyz/venues/backpack) | TRX_USDC_PERP | -0.0015% | 1 h | −12.9% |
| [Lighter](https://afterfees.xyz/venues/lighter) | TRX | -0.0011% | 1 h | −9.6% |
| [OKX](https://afterfees.xyz/venues/okx) | TRX-USDT-SWAP | -0.0055% | 8 h | −6.0% |
| [dYdX](https://afterfees.xyz/venues/dydx) | TRX-USD | 0.0000% | 1 h | +0.0% |
| [Aster](https://afterfees.xyz/venues/aster) | TRXUSDT | 0.0007% | 8 h | +0.8% |
| [Paradex](https://afterfees.xyz/venues/paradex) | TRX-USD-PERP | 0.0041% | 8 h | +4.5% |
| [Bybit](https://afterfees.xyz/venues/bybit) | TRXUSDT | 0.0052% | 8 h | +5.7% |

## Coins

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

## Questions

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

Gate, at 2.49% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend TRX.

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

Not right now: no reverse TRX 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._