SHELL: Bybit → BingX

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

+95%

APR right now

Price gap

-0.037%

between legs

Average spread

+89%

over 24h from our own samples

Over 7 days

+89%

samples: 121

BybitLONG

Bid / ask0.02705 / 0.02708

Mark price0.02707

Volume 24h$187.43K

Open interest$515K

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 16m

Bybit

BingXSHORT

Bid / ask0.02707 / 0.02711

Mark price0.02704

Volume 24h$6.52M

Open interest—

Rate+0.0483%

APR+106%

Interval / next payout4h / 1h 16m

BingX

Spread from our samples

spread over the period: from 0% to 306% 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.