MEGA: 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

+0%

APR right now

Price gap

-0.109%

between legs

Average spread

+107%

over 24h from our own samples

Over 7 days

+107%

samples: 121

BingXLONG

Bid / ask0.04572 / 0.04587

Mark price0.04579

Volume 24h$1.67M

Open interest—

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 18m

BingX

HyperliquidSHORT

Bid / ask0.04582 / 0.045936

Mark price0.045868

Volume 24h$2.58M

Open interest$7.93M

Rate+0.0013%

APR+11%

Interval / next payout1h / 18m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 232% 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.