ENS: Bybit → 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

+31%

APR right now

Price gap

+0.127%

between legs

Average spread

+23%

over 24h from our own samples

Over 7 days

+23%

samples: 108

BybitLONG

Bid / ask6.74 / 6.746

Mark price6.745

Volume 24h$3.76M

Open interest$5.42M

Rate+0.0100%

APR+11%

Interval / next payout8h / 7h 22m

Bybit

HyperliquidSHORT

Bid / ask6.7546 / 6.7697

Mark price6.7672

Volume 24h$367.92K

Open interest$3.08M

Rate+0.0048%

APR+42%

Interval / next payout1h / 22m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 40% APR, 108 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.