TRUTH: Extended → 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

+23%

APR right now

Price gap

+0.125%

between legs

Average spread

-45%

over 24h from our own samples

Over 7 days

-45%

samples: 109

ExtendedLONG

Bid / ask0.013573 / 0.013586

Mark price0.013587

Volume 24h$178.66K

Open interest$5.26K

Rate+0.0092%

APR+81%

Interval / next payout1h / 19m

Extended

OKXSHORT

Bid / ask0.013603 / 0.013621

Mark price0.013603

Volume 24h$294.41K

Open interest$197.51K

Rate+0.0474%

APR+104%

Interval / next payout4h / 3h 19m

OKX

Spread from our samples

spread over the period: from -94% to 45% APR, 109 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.