ZIL: KuCoin → 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

+38%

APR right now

Price gap

-0.765%

between legs

Average spread

+191%

over 24h from our own samples

Over 7 days

+191%

samples: 108

KuCoinLONG

Bid / ask— / —

Mark price0.003658

Volume 24h$223.02K

Open interest$2.39M

Rate-0.0932%

APR-204%

Interval / next payout4h / 3h 23m

KuCoin

BybitSHORT

Bid / ask0.00363 / 0.003631

Mark price0.003631

Volume 24h$3.81M

Open interest$2.91M

Rate-0.1519%

APR-166%

Interval / next payout8h / 7h 23m

Bybit

Spread from our samples

spread over the period: from 0% to 321% 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.