# Borrow ZEN: rates on every exchange

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

Updated 2026-10-30 04:06 UTC · https://afterfees.xyz/borrow/ZEN

## ZEN 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) | 2.88% | 1.39% | 1.23% | 2.88% | $236.4K | $94.5K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 5.61% | 5.12% | 4.96% | 5.61% | $10.7K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 7.40% | 6.64% | 6.45% | 7.40% | $10.7K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 26.65% | 24.55% | 24.31% | 26.65% | $5.3K | 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._

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

No reverse ZEN 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._

## ZEN perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_ZENUSD | -0.0479% | 1 h | −419.9% |
| [ApeX](https://afterfees.xyz/venues/apex) | ZEN-USDT | -0.0029% | 1 h | −25.3% |
| [Bybit](https://afterfees.xyz/venues/bybit) | ZENUSDT | -0.0042% | 8 h | −4.6% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ZEN_USDT | -0.0018% | 8 h | −2.0% |
| [Binance](https://afterfees.xyz/venues/binance) | ZENUSDT | -0.0015% | 8 h | −1.7% |
| [BloFin](https://afterfees.xyz/venues/blofin) | ZEN-USDT | -0.0011% | 8 h | −1.3% |
| [Aster](https://afterfees.xyz/venues/aster) | ZENUSDT | 0.0021% | 8 h | +2.3% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ZENUSDTM | 0.0037% | 8 h | +4.1% |

## Coins

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

## Questions

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

Bitget, at 2.88% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend ZEN.

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

Not right now: no reverse ZEN 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._