USELESS: OKX → 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

+116%

APR right now

Price gap

-0.020%

between legs

Average spread

+117%

over 24h from our own samples

Over 7 days

+117%

samples: 108

OKXLONG

Bid / ask0.28412 / 0.28422

Mark price0.2841

Volume 24h$66.56M

Open interest$10.01M

Rate+0.0050%

APR+11%

Interval / next payout4h / 3h 23m

OKX

HyperliquidSHORT

Bid / ask0.284163 / 0.284917

Mark price0.28462

Volume 24h$21.01M

Open interest$14.30M

Rate+0.0145%

APR+127%

Interval / next payout1h / 23m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 202% 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.