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AfterFees

Borrow rates · XTZ

Borrow XTZ: rates on every exchange

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

Updated 2026-11-11 23:14 UTC

XTZ borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Gate7.03%6.93%23.97%7.03% *$20Knot publishedBorrowable
OKX24.41%24.43%61.52%24.43%$5.2Knot publishedBorrowable
Bitget31.17%28.58%58.19%31.17%$214.3K$24.8KBorrowable
Binance70.15%69.29%69.58%70.15%$6.4Knot publishedBorrowable
Bybit74.27%78.10%106.15%78.10%$9.4Knot publishedBorrowable

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 XTZ: borrow and sell spot, long the perp

No reverse XTZ 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.

XTZ perps, most negative funding first

ExchangeContractRateEveryAnnualised
BloFinXTZ-USDT-0.0101%4 h−22.2%
BingXXTZ-USDT-0.0097%4 h−21.2%
MEXCXTZ_USDT-0.0096%4 h−21.0%
BinanceXTZUSDT-0.0094%4 h−20.6%
LBankXTZUSDT-0.0094%4 h−20.6%
BitunixXTZUSDT-0.0089%4 h−19.4%
OKXXTZ-USDT-SWAP0.0018%8 h+2.0%
KuCoinXTZUSDTM0.0011%4 h+2.4%

Coins

Funding rates and every arbitrage on this coinXTZ

Questions

Where is it cheapest to borrow XTZ?

Gate, at 7.03% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend XTZ.

Can I earn negative funding on XTZ by borrowing it?

Not right now: no reverse XTZ 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.