ALCH: Bitget → Binance

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

+136%

APR right now

Price gap

-0.184%

between legs

Average spread

+104%

over 24h from our own samples

Over 7 days

+104%

samples: 119

BitgetLONG

Bid / ask0.05114 / 0.0513

Mark price0.05139

Volume 24h$1.77M

Open interest$918.43K

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 35m

Bitget

BinanceSHORT

Bid / ask— / —

Mark price0.051206

Volume 24h$27.11M

Open interest—

Rate+0.0671%

APR+147%

Interval / next payout4h / 1h 35m

Binance

Spread from our samples

spread over the period: from 0% to 264% APR, 119 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.