# Borrow INJ: rates on every exchange

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

Updated 2026-11-12 00:21 UTC · https://afterfees.xyz/borrow/INJ

## INJ borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Binance](https://afterfees.xyz/venues/binance) | 1.54% | 1.47% | 1.66% | 1.54% | $7.5K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 2.31% | 2.20% | 2.21% | 2.31% | $297.2K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 3.23% | 3.13% | 3.04% | 3.23% | $37.6M | $578K | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 7.36% | 7.16% | 6.62% | 7.36% * | $120K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 28.10% | 18.05% | 14.10% | 28.10% | $45.1K | 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 INJ: borrow and sell spot, long the perp

No reverse INJ 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._

## INJ perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | INJ | -0.0069% | 1 h | −60.4% |
| [MEXC](https://afterfees.xyz/venues/mexc) | INJ_USDT | -0.0434% | 8 h | −47.5% |
| [OKX](https://afterfees.xyz/venues/okx) | INJ-USDT-SWAP | -0.0348% | 8 h | −38.1% |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | INJUSDT | -0.0268% | 8 h | −29.3% |
| [Extended](https://afterfees.xyz/venues/extended) | INJ-USD | -0.0033% | 1 h | −28.9% |
| [LBank](https://afterfees.xyz/venues/lbank) | INJUSDT | -0.0261% | 8 h | −28.6% |
| [Binance](https://afterfees.xyz/venues/binance) | INJUSDT | -0.0261% | 8 h | −28.6% |
| [BloFin](https://afterfees.xyz/venues/blofin) | INJ-USDT | -0.0183% | 8 h | −20.1% |

## Coins

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

## Questions

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

Binance, at 1.54% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend INJ.

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

Not right now: no reverse INJ 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._