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AfterFees

Borrow rates · ZK

Borrow ZK: rates on every exchange

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

Updated 2026-10-30 04:06 UTC

ZK borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
OKX5.31%5.51%5.57%5.51%$2.9Knot publishedBorrowable
Bybit5.37%5.92%5.79%5.92%$27.2Knot publishedBorrowable
Bitget5.43%7.29%10.39%7.29%$186.4K$10.6KBorrowable
Binance30.68%29.94%28.37%30.68%$6.4Knot publishedBorrowable
Gate66.05%67.11%74.81%67.11% *$30Knot publishedBorrowable

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 ZK: borrow and sell spot, long the perp

No reverse ZK 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.

ZK perps, most negative funding first

ExchangeContractRateEveryAnnualised
KrakenPF_ZKUSD-0.0095%1 h−83.6%
BybitZKUSDT-0.0319%4 h−69.8%
ApeXZK-USDT-0.0050%1 h−43.7%
GRVTZK_USDT_Perp-0.0192%4 h−42.0%
HyperliquidZK-0.0025%1 h−21.9%
AsterZKUSDT-0.0042%4 h−9.2%
GateZK_USDT0.0067%8 h+7.3%
OKXZK-USDT-SWAP0.0042%4 h+9.3%

Coins

Funding rates and every arbitrage on this coinZK

Questions

Where is it cheapest to borrow ZK?

OKX, at 5.51% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend ZK.

Can I earn negative funding on ZK by borrowing it?

Not right now: no reverse ZK 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.