SLX: Bybit → OKX

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

-192%

APR right now

Price gap

+0.240%

between legs

Average spread

-227%

over 24h from our own samples

Over 7 days

-227%

samples: 121

BybitLONG

Bid / ask0.06658 / 0.06661

Mark price0.06662

Volume 24h$409.27K

Open interest$1M

Rate+0.1069%

APR+234%

Interval / next payout4h / 1h 17m

Bybit

OKXSHORT

Bid / ask0.06677 / 0.06678

Mark price0.06679

Volume 24h$1.73M

Open interest$1.80M

Rate+0.0190%

APR+42%

Interval / next payout4h / 1h 17m

OKX

Spread from our samples

spread over the period: from -373% to 0% 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.