POPCAT: Binance → 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

+49%

APR right now

Price gap

+0.047%

between legs

Average spread

+113%

over 24h from our own samples

Over 7 days

+113%

samples: 102

BinanceLONG

Bid / ask— / —

Mark price0.056276

Volume 24h$6.60M

Open interest—

Rate+0.0050%

APR+11%

Interval / next payout4h / 12m

Binance

HyperliquidSHORT

Bid / ask0.056302 / 0.056438

Mark price0.05637

Volume 24h$1.02M

Open interest$2.61M

Rate+0.0068%

APR+60%

Interval / next payout1h / 12m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 221% 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.