ZEN: 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

+6%

APR right now

Price gap

+0.211%

between legs

Average spread

+23%

over 24h from our own samples

Over 7 days

+23%

samples: 108

OKXLONG

Bid / ask7.756 / 7.757

Mark price7.758

Volume 24h$5.67M

Open interest$2.33M

Rate+0.0046%

APR+10%

Interval / next payout4h / 3h 21m

OKX

HyperliquidSHORT

Bid / ask7.7734 / 7.7849

Mark price7.7782

Volume 24h$1.78M

Open interest$2.44M

Rate+0.0018%

APR+16%

Interval / next payout1h / 21m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 50% 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.