HEI: KuCoin → 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

+184%

APR right now

Price gap

-0.045%

between legs

Average spread

+111%

over 24h from our own samples

Over 7 days

+111%

samples: 121

KuCoinLONG

Bid / ask— / —

Mark price0.1543

Volume 24h$368.20K

Open interest$905.71K

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 17m

KuCoin

BybitSHORT

Bid / ask0.15423 / 0.15431

Mark price0.15429

Volume 24h$624.21K

Open interest$1.38M

Rate+0.0889%

APR+195%

Interval / next payout4h / 1h 17m

Bybit

Spread from our samples

spread over the period: from 0% to 371% 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.