ONE: BingX → Bitget

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

-129%

APR right now

Price gap

+0.427%

between legs

Average spread

-69%

over 24h from our own samples

Over 7 days

-69%

samples: 120

BingXLONG

Bid / ask0.00449 / 0.004492

Mark price0.004488

Volume 24h$6.33M

Open interest—

Rate-0.0003%

APR-3%

Interval / next payout1h / 23m

BingX

BitgetSHORT

Bid / ask0.004512 / 0.004515

Mark price0.004514

Volume 24h$34.54M

Open interest$2.03M

Rate-0.0150%

APR-131%

Interval / next payout1h / 23m

Bitget

Spread from our samples

spread over the period: from -456% to 0% 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.