IRYS: OKX → BingX

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

+113%

APR right now

Price gap

+0.063%

between legs

Average spread

+103%

over 24h from our own samples

Over 7 days

+103%

samples: 102

OKXLONG

Bid / ask0.01592 / 0.01593

Mark price0.01592

Volume 24h$102.76K

Open interest$609.17K

Rate+0.0050%

APR+11%

Interval / next payout4h / 11m

OKX

BingXSHORT

Bid / ask0.01594 / 0.01597

Mark price0.01594

Volume 24h$1.25M

Open interest—

Rate+0.0568%

APR+124%

Interval / next payout4h / 11m

BingX

Spread from our samples

spread over the period: from 0% to 453% APR, 102 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.