XPL: Lighter → Extended

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

+446%

APR right now

Price gap

+0.165%

between legs

Average spread

+333%

over 24h from our own samples

Over 7 days

+333%

samples: 102

LighterLONG

Bid / ask— / —

Mark price0.09687

Volume 24h$4.20M

Open interest$4.39M

Rate-0.0496%

APR-434%

Interval / next payout1h / 13m

Lighter

ExtendedSHORT

Bid / ask0.09703 / 0.09704

Mark price0.096952

Volume 24h$1.08M

Open interest$653.06K

Rate+0.0013%

APR+11%

Interval / next payout1h / 13m

Extended

Spread from our samples

spread over the period: from -73% to 1063% 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.