KERNEL: MEXC → 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

-883%

APR right now

Price gap

+0.335%

between legs

Average spread

-122%

over 24h from our own samples

Over 7 days

-122%

samples: 120

MEXCLONG

Bid / ask0.06854 / 0.06858

Mark price0.0685

Volume 24h$2.15M

Open interest$1.92M

Rate-0.5728%

APR-1254%

Interval / next payout4h / 1h 20m

MEXC

BybitSHORT

Bid / ask0.06881 / 0.06885

Mark price0.0689

Volume 24h$12.15M

Open interest$2.30M

Rate-0.9761%

APR-2138%

Interval / next payout4h / 1h 20m

Bybit

Spread from our samples

spread over the period: from -1792% to 118% APR, 120 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.