Is there a way to short tether without either significant counterparty risk or absurd interest rates? Looking at Kraken, if I'm reading the chart correctly, it

Is there a way to short tether without either significant counterparty risk or absurd interest rates? Looking at Kraken, if I'm reading the chart correctly, it would cost 0.01% / 4 hours to short tether, works out to be a positive-sum bet if you think there's more than a 20% / year chance that tether will go to zero, and you think the counterparty risk is minimal. However, I'm not sure how likely Kraken is to take the money and run in the event that tether collapses and I have a short position. It also looks like you can do [mumble mumble borrow tether on Aave collateralized by other crypto somehow] which currently costs about a 12% / year, but if I'm understanding correctly that cost is not fixed and would likely go up significantly if tether looked likely to crash. Can someone who knows more about the topic confirm whether the cost is actually between 12 and 20% per year and the counterparty risk is minimal, and whether or not there are non-obvious footguns with either of the above approaches to shorting tether?