# Borrow ZRX: rates on every exchange

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

Updated 2026-10-29 21:01 UTC · https://afterfees.xyz/borrow/ZRX

## ZRX borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | 12.84% | 12.88% | 12.94% | 12.88% | $2.5K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 21.90% | 22.93% | 22.55% | 22.93% | $5.3K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 34.06% | 32.16% | 32.04% | 34.06% * | $10K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 38.32% | 28.60% | 28.37% | 38.32% | $2.1K | 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 ZRX: borrow and sell spot, long the perp

No reverse ZRX 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._

## ZRX perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [OKX](https://afterfees.xyz/venues/okx) | ZRX-USDT-SWAP | -0.0300% | 4 h | −65.7% |
| [Bybit](https://afterfees.xyz/venues/bybit) | ZRXUSDT | -0.0559% | 8 h | −61.2% |
| [Gate](https://afterfees.xyz/venues/gate) | ZRX_USDT | -0.0386% | 8 h | −42.3% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ZRXUSDTM | -0.0137% | 4 h | −30.0% |
| [Binance](https://afterfees.xyz/venues/binance) | ZRXUSDT | -0.0069% | 4 h | −15.0% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ZRX_USDT | -0.0068% | 4 h | −14.9% |
| [BloFin](https://afterfees.xyz/venues/blofin) | ZRX-USDT | -0.0063% | 4 h | −13.8% |
| [Bitget](https://afterfees.xyz/venues/bitget) | ZRXUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bybit, at 12.88% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend ZRX.

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

Not right now: no reverse ZRX 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._