TAO: BingX → 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

+194%

APR right now

Price gap

+0.060%

between legs

Average spread

+130%

over 24h from our own samples

Over 7 days

+130%

samples: 108

BingXLONG

Bid / ask317.31 / 317.33

Mark price317.33

Volume 24h$30.50M

Open interest—

Rate+0.0214%

APR+47%

Interval / next payout4h / 3h 21m

BingX

HyperliquidSHORT

Bid / ask317.52 / 317.722

Mark price317.72

Volume 24h$91.01M

Open interest$102.39M

Rate+0.0275%

APR+241%

Interval / next payout1h / 21m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 278% 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.