# 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 07:59 UTC · https://afterfees.xyz/borrow/ZK

## ZK 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) | 5.61% | 5.51% | 5.56% | 5.61% | $2.9K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 5.46% | 5.89% | 5.77% | 5.89% | $27.1K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 5.59% | 6.83% | 10.25% | 6.83% | $185.7K | $11.2K | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 30.10% | 30.28% | 28.51% | 30.28% | $6.3K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 66.09% | 67.04% | 74.86% | 67.04% * | $30K | 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 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

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | ZKUSDT | -0.0129% | 4 h | −28.3% |
| [GRVT](https://afterfees.xyz/venues/grvt) | ZK_USDT_Perp | -0.0074% | 4 h | −16.2% |
| [OKX](https://afterfees.xyz/venues/okx) | ZK-USDT-SWAP | 0.0007% | 4 h | +1.6% |
| [Binance](https://afterfees.xyz/venues/binance) | ZKUSDT | 0.0045% | 4 h | +9.8% |
| [Lighter](https://afterfees.xyz/venues/lighter) | ZK | 0.0012% | 1 h | +10.5% |
| [Bitget](https://afterfees.xyz/venues/bitget) | ZKUSDT | 0.0050% | 4 h | +10.9% |
| [ApeX](https://afterfees.xyz/venues/apex) | ZK-USDT | 0.0013% | 1 h | +10.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ZKUSDTM | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

OKX, at 5.61% 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._