WLFI: Lighter → Bybit

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

-73%

APR right now

Price gap

+0.000%

between legs

Average spread

+178%

over 24h from our own samples

Over 7 days

+178%

samples: 102

LighterLONG

Bid / ask— / —

Mark price0.05722

Volume 24h$391.05K

Open interest$962.36K

Rate+0.0096%

APR+84%

Interval / next payout1h / 10m

Lighter

BybitSHORT

Bid / ask0.05722 / 0.05723

Mark price0.05723

Volume 24h$17.54M

Open interest$20.89M

Rate+0.0050%

APR+11%

Interval / next payout4h / 10m

Bybit

Spread from our samples

spread over the period: from -73% to 453% 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.