NEAR: Bitget → 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

+73%

APR right now

Price gap

+0.099%

between legs

Average spread

+65%

over 24h from our own samples

Over 7 days

+65%

samples: 120

BitgetLONG

Bid / ask4.4327 / 4.4347

Mark price4.4301

Volume 24h$127.19M

Open interest$73.06M

Rate+0.0100%

APR+11%

Interval / next payout8h / 5h 28m

Bitget

HyperliquidSHORT

Bid / ask4.4391 / 4.4393

Mark price4.4391

Volume 24h$308.94M

Open interest$369.77M

Rate+0.0095%

APR+84%

Interval / next payout1h / 28m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 164% 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.