# Borrow ZEN: rates on every exchange

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

Updated 2026-11-12 00:04 UTC · https://afterfees.xyz/borrow/ZEN

## ZEN 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) | 2.04% | 2.01% | 2.17% | 2.04% | $212.2K | $89.6K | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 5.90% | 5.82% | 6.79% | 5.90% | $9.6K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 8.21% | 8.13% | 7.71% | 8.21% | $9.6K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 24.39% | 24.35% | 24.57% | 24.39% | $4.8K | 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._

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

No reverse ZEN 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._

## ZEN perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_ZENUSD | -0.0104% | 1 h | −91.5% |
| [ApeX](https://afterfees.xyz/venues/apex) | ZEN-USDT | -0.0078% | 1 h | −68.5% |
| [BloFin](https://afterfees.xyz/venues/blofin) | ZEN-USDT | 0.0005% | 8 h | +0.5% |
| [Binance](https://afterfees.xyz/venues/binance) | ZENUSDT | 0.0028% | 8 h | +3.1% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ZEN_USDT | 0.0030% | 8 h | +3.3% |
| [Extended](https://afterfees.xyz/venues/extended) | ZEN-USD | 0.0004% | 1 h | +3.5% |
| [LBank](https://afterfees.xyz/venues/lbank) | ZENUSDT | 0.0033% | 8 h | +3.6% |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | ZENUSDT | 0.0035% | 8 h | +3.8% |

## Coins

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

## Questions

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

Bitget, at 2.04% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend ZEN.

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

Not right now: no reverse ZEN 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._