GOAT: 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

+182%

APR right now

Price gap

-0.086%

between legs

Average spread

+126%

over 24h from our own samples

Over 7 days

+126%

samples: 108

BingXLONG

Bid / ask0.01858 / 0.01862

Mark price0.01856

Volume 24h$6.57M

Open interest—

Rate+0.0071%

APR+16%

Interval / next payout4h / 3h 21m

BingX

HyperliquidSHORT

Bid / ask0.018604 / 0.018708

Mark price0.018642

Volume 24h$481.91K

Open interest$1.19M

Rate+0.0225%

APR+197%

Interval / next payout1h / 21m

Hyperliquid

Spread from our samples

spread over the period: from -21% to 313% 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.