Wavelength-tunable picosecond degenerate four-wave mixing was demonstrated in a tellurite microstructured optical fiber (TMOF). The zerodispersion wavelength of the TMOF was shifted to 1570 nm by introducing a single ring of air holes in the cladding. The anti-Stokes signal sideband can be generated from 1490 to 1500 nm, and the Stokes idler sideband can emit from 1595 to 1645 nm. Because of the high nonlinearity of the TMOF and the large peak power of the picosecond pump, a maximal signal gain of 31.2 dB and an idler conversion efficiency of +35 dB were achieved.