SIREN: MEXC → Bybit

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

-484%

APR right now

Price gap

+1.228%

between legs

Average spread

-113%

over 24h from our own samples

Over 7 days

-113%

samples: 108

MEXCLONG

Bid / ask0.02442 / 0.02443

Mark price0.02442

Volume 24h$128.19K

Open interest$697.50K

Rate+0.0941%

APR+206%

Interval / next payout4h / 3h 21m

MEXC

BybitSHORT

Bid / ask0.02473 / 0.02475

Mark price0.02473

Volume 24h$2.16M

Open interest$1.93M

Rate-0.1270%

APR-278%

Interval / next payout4h / 3h 21m

Bybit

Spread from our samples

spread over the period: from -687% to 405% APR, 108 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.