SOON: 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

-186%

APR right now

Price gap

+0.617%

between legs

Average spread

-244%

over 24h from our own samples

Over 7 days

-244%

samples: 121

BybitLONG

Bid / ask0.1943 / 0.1945

Mark price0.1944

Volume 24h$1.19M

Open interest$2.53M

Rate+0.1141%

APR+250%

Interval / next payout4h / 1h 16m

Bybit

OKXSHORT

Bid / ask0.1957 / 0.1958

Mark price0.1957

Volume 24h$460.41K

Open interest$1.95M

Rate+0.0290%

APR+64%

Interval / next payout4h / 1h 16m

OKX

Spread from our samples

spread over the period: from -474% 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.