USELESS: Binance → 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

+121%

APR right now

Price gap

+0.102%

between legs

Average spread

+93%

over 24h from our own samples

Over 7 days

+93%

samples: 102

BinanceLONG

Bid / ask— / —

Mark price0.28101

Volume 24h$116.31M

Open interest—

Rate+0.0245%

APR+54%

Interval / next payout4h / 13m

Binance

HyperliquidSHORT

Bid / ask0.281296 / 0.281688

Mark price0.28155

Volume 24h$21.06M

Open interest$14M

Rate+0.0200%

APR+175%

Interval / next payout1h / 13m

Hyperliquid

Spread from our samples

spread over the period: from -12% to 169% APR, 102 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.