# Borrow ENA: rates on every exchange

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

Updated 2026-11-11 23:29 UTC · https://afterfees.xyz/borrow/ENA

## ENA 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) | 1.01% | 1.01% | 1.01% | 1.01% | $2.4K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.30% | 1.43% | 1.76% | 1.43% | $321.7K | $1.1M | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 1.88% | 1.70% | 1.54% | 1.88% | $113.6K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 23.03% | 23.03% | 22.86% | 23.03% | $34.9K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 48.79% | 48.80% | 48.76% | 48.80% * | $600K | 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 ENA: borrow and sell spot, long the perp

No reverse ENA 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._

## ENA perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_ENAUSD | -0.0019% | 1 h | −16.8% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ENAUSDTM | -0.0036% | 4 h | −7.9% |
| [LBank](https://afterfees.xyz/venues/lbank) | ENAUSDT | -0.0032% | 4 h | −7.0% |
| [GRVT](https://afterfees.xyz/venues/grvt) | ENA_USDT_Perp | -0.0028% | 4 h | −6.1% |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | ENA | -0.0006% | 1 h | −5.6% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ENA_USDT | -0.0024% | 4 h | −5.3% |
| [Binance](https://afterfees.xyz/venues/binance) | ENAUSDT | -0.0022% | 4 h | −4.7% |
| [BloFin](https://afterfees.xyz/venues/blofin) | ENA-USDT | -0.0017% | 4 h | −3.7% |

## Coins

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

## Questions

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

OKX, at 1.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend ENA.

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

Not right now: no reverse ENA 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._