DEXE: Bitget → Bybit

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

+25%

APR right now

Price gap

+0.154%

between legs

Average spread

+8%

over 24h from our own samples

Over 7 days

+8%

samples: 120

BitgetLONG

Bid / ask1.942 / 1.944

Mark price1.938

Volume 24h$501.21K

Open interest$3.23M

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 27m

Bitget

BybitSHORT

Bid / ask1.947 / 1.948

Mark price1.948

Volume 24h$910.18K

Open interest$2.37M

Rate+0.0166%

APR+36%

Interval / next payout4h / 1h 27m

Bybit

Spread from our samples

spread over the period: from 0% to 144% 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.