AVAX: Gate → Lighter

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

+73%

APR right now

Price gap

-0.012%

between legs

Average spread

+80%

over 24h from our own samples

Over 7 days

+80%

samples: 120

GateLONG

Bid / ask— / —

Mark price11.181

Volume 24h$34.94M

Open interest$6.09M

Rate+0.0100%

APR+11%

Interval / next payout8h / 5h 24m

Gate

LighterSHORT

Bid / ask— / —

Mark price11.1797

Volume 24h$2.93M

Open interest$1.22M

Rate+0.0096%

APR+84%

Interval / next payout1h / 24m

Lighter

Spread from our samples

spread over the period: from -8% to 103% APR, 120 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.