# Borrow ZEC: rates on every exchange

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

Updated 2026-10-29 22:06 UTC · https://afterfees.xyz/borrow/ZEC

## ZEC 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% | $219.7K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 2.57% | 2.56% | 2.61% | 2.57% | $3M | $1.7M | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 15.12% | 14.34% | 14.27% | 15.12% | $251K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 48.38% | 48.38% | 48.38% | 48.38% * | $0 | not published | Not lendable |

_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 ZEC: borrow and sell spot, long the perp

No reverse ZEC 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._

## ZEC perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ZECUSDTM | -0.0056% | 8 h | −6.1% |
| [Gate](https://afterfees.xyz/venues/gate) | ZEC_USDT | -0.0038% | 8 h | −4.2% |
| [Binance](https://afterfees.xyz/venues/binance) | ZECUSDT | -0.0020% | 8 h | −2.2% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ZEC_USDT | -0.0019% | 8 h | −2.1% |
| [OKX](https://afterfees.xyz/venues/okx) | ZEC-USDT-SWAP | 0.0007% | 8 h | +0.8% |
| [HTX](https://afterfees.xyz/venues/htx) | ZEC-USDT | 0.0033% | 8 h | +3.6% |
| [Paradex](https://afterfees.xyz/venues/paradex) | ZEC-USD-PERP | 0.0047% | 8 h | +5.1% |
| [Lighter](https://afterfees.xyz/venues/lighter) | ZEC | 0.0009% | 1 h | +7.9% |

## Coins

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

## Questions

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

OKX, at 1.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend ZEC.

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

Not right now: no reverse ZEC 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._