ESP: OKX → 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

+60%

APR right now

Price gap

-0.191%

between legs

Average spread

+173%

over 24h from our own samples

Over 7 days

+173%

samples: 121

OKXLONG

Bid / ask0.09404 / 0.09408

Mark price0.09411

Volume 24h$1.12M

Open interest$599.77K

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 18m

OKX

BybitSHORT

Bid / ask0.0939 / 0.09395

Mark price0.09392

Volume 24h$617.61K

Open interest$1.13M

Rate+0.0326%

APR+71%

Interval / next payout4h / 1h 18m

Bybit

Spread from our samples

spread over the period: from 0% to 447% APR, 121 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.