# Borrow ZRO: rates on every exchange

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

Updated 2026-10-30 10:14 UTC · https://afterfees.xyz/borrow/ZRO

## ZRO 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) | 1.53% | 1.70% | 1.83% | 1.70% | $339.6K | $168.7K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 6.73% | 6.83% | 6.63% | 6.83% | $22.4K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 12.50% | 12.36% | 10.86% | 12.50% | $71.3K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 26.27% | 26.20% | 25.86% | 26.27% | $8.5K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 30.51% | 30.62% | 30.53% | 30.62% * | $120K | 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 ZRO: borrow and sell spot, long the perp

No reverse ZRO 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._

## ZRO perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | ZROUSDT | -0.0033% | 4 h | −7.2% |
| [OKX](https://afterfees.xyz/venues/okx) | ZRO-USDT-SWAP | 0.0044% | 4 h | +9.7% |
| [Lighter](https://afterfees.xyz/venues/lighter) | ZRO | 0.0012% | 1 h | +10.5% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ZROUSDTM | 0.0050% | 4 h | +10.9% |
| [Backpack](https://afterfees.xyz/venues/backpack) | ZRO_USDC_PERP | 0.0013% | 1 h | +10.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ZRO_USDT | 0.0050% | 4 h | +10.9% |
| [ApeX](https://afterfees.xyz/venues/apex) | ZRO-USDT | 0.0013% | 1 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | ZROUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 1.70% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend ZRO.

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

Not right now: no reverse ZRO 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._