APEX: BingX → Hyperliquid

Long on the venue with the lower rate, short on the venue with the higher one. Income comes from the rate difference; price exposure cancels out.

Spread

+163%

APR right now

Price gap

-0.202%

between legs

Average spread

+167%

over 24h from our own samples

Over 7 days

+167%

samples: 102

BingXLONG

Bid / ask0.2556 / 0.257

Mark price0.2562

Volume 24h$1.29M

Open interest—

Rate+0.0050%

APR+11%

Interval / next payout4h / 13m

BingX

HyperliquidSHORT

Bid / ask0.25648 / 0.258232

Mark price0.257223

Volume 24h$117.64K

Open interest$2.91M

Rate+0.0199%

APR+174%

Interval / next payout1h / 13m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 294% APR, 102 samples

The rate can flip at any moment, and then the position starts costing money. Size is limited by the weaker leg, and entry and exit both pay fees on two venues. Not financial advice.