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AfterFees

Borrow rates · ZRO

Borrow ZRO: rates on every exchange

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

Updated 2026-11-11 23:07 UTC

ZRO borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bybit6.95%6.91%6.85%6.95%$20.3Knot publishedBorrowable
Bitget7.95%8.18%9.07%8.18%$309.6K$100.9KBorrowable
OKX8.21%8.94%8.61%8.94%$64.8Knot publishedBorrowable
Binance23.20%25.34%25.88%25.34%$7.7Knot publishedBorrowable
Gate30.60%30.62%30.87%30.62% *$120Knot 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 ZRO: borrow and sell spot, long the perp

No reverse ZRO 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.

ZRO perps, most negative funding first

ExchangeContractRateEveryAnnualised
BackpackZRO_USDC_PERP-0.0069%1 h−60.1%
KrakenPF_ZROUSD0.0007%1 h+6.0%
LighterZRO0.0012%1 h+10.5%
PacificaZRO0.0013%1 h+10.9%
BybitZROUSDT0.0050%4 h+10.9%
KuCoinZROUSDTM0.0050%4 h+10.9%
MEXCZRO_USDT0.0050%4 h+10.9%
WhiteBITZRO_PERP0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinZRO

Questions

Where is it cheapest to borrow ZRO?

Bybit, at 6.95% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend ZRO.

Can I earn negative funding on ZRO by borrowing it?

Not right now: no reverse ZRO 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.