# Borrow ZEC: rates on every exchange

Annualised margin borrow rates for ZEC 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/ZEC

## ZEC 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% | $166.8K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 2.75% | 2.36% | 2.49% | 2.75% | $2.3M | $1.3M | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 14.06% | 14.39% | 14.88% | 14.39% | $191K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 48.68% | 48.64% | 48.45% | 48.68% * | $120K | 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 ZEC: borrow and sell spot, long the perp

No reverse ZEC 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._

## ZEC perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | ZEC_USDT | -0.0107% | 8 h | −11.7% |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | ZEC | -0.0012% | 1 h | −10.3% |
| [OKX](https://afterfees.xyz/venues/okx) | ZEC-USDT-SWAP | 0.0021% | 8 h | +2.3% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ZECUSDTM | 0.0026% | 8 h | +2.8% |
| [dYdX](https://afterfees.xyz/venues/dydx) | ZEC-USD | 0.0004% | 1 h | +3.1% |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | ZECUSDT | 0.0061% | 8 h | +6.7% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ZEC_USDT | 0.0071% | 8 h | +7.8% |
| [LBank](https://afterfees.xyz/venues/lbank) | ZECUSDT | 0.0071% | 8 h | +7.8% |

## Coins

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

## Questions

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

OKX, at 1.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend ZEC.

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

Not right now: no reverse ZEC 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._