ZRO: Binance → Lighter

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

+0.173%

between legs

Average spread

+228%

over 24h from our own samples

Over 7 days

+228%

samples: 121

BinanceLONG

Bid / ask— / —

Mark price1.174

Volume 24h$29.79M

Open interest—

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 16m

Binance

LighterSHORT

Bid / ask— / —

Mark price1.176

Volume 24h$1.21M

Open interest$4.38M

Rate+0.0096%

APR+84%

Interval / next payout1h / 16m

Lighter

Spread from our samples

spread over the period: from -19% to 835% APR, 121 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.