# Borrow NEX: rates on every exchange

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

Updated 2026-11-11 23:26 UTC · https://afterfees.xyz/borrow/NEX

## NEX 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) | 3.57% | 3.53% | 4.18% | 3.57% | $28.2K | $22.3K | 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._

## Reverse carry on NEX: borrow and sell spot, long the perp

No reverse NEX 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._

## NEX perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | 10000NEXUSDT | -0.1548% | 4 h | −339.1% |
| [MEXC](https://afterfees.xyz/venues/mexc) | NEX_USDT | -0.1517% | 4 h | −332.2% |
| [LBank](https://afterfees.xyz/venues/lbank) | NEXUSDT | -0.1517% | 4 h | −332.2% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | NEXUSDTM | -0.1449% | 4 h | −317.3% |
| [BingX](https://afterfees.xyz/venues/bingx) | 10000NEX-USDT | -0.1318% | 4 h | −288.6% |

## Coins

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

## Questions

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

Bitget, at 3.57% a year at the rate we count (the higher of the current rate and the 24 h average), among 1 exchanges that lend NEX.

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

Not right now: no reverse NEX 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._