XMR: EdgeX → 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

+219%

APR right now

Price gap

+0.014%

between legs

Average spread

+181%

over 24h from our own samples

Over 7 days

+181%

samples: 64

EdgeXLONG

Bid / ask— / —

Mark price592.028

Volume 24h$659.14K

Open interest$1.05M

Rate+0.0050%

APR+11%

Interval / next payout4h / 3h 22m

EdgeX

HyperliquidSHORT

Bid / ask592.109 / 592.345

Mark price592.1

Volume 24h$72.61M

Open interest$89.79M

Rate+0.0262%

APR+230%

Interval / next payout1h / 22m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 269% APR, 64 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.