ALGO: Bybit → OKX

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

+11%

APR right now

Price gap

+0.045%

between legs

Average spread

+14%

over 24h from our own samples

Over 7 days

+14%

samples: 203

BybitLONG

Bid / ask0.11053 / 0.11054

Mark price0.11053

Volume 24h$10.24M

Open interest$10.63M

Rate+0.0001%

APR+0%

Interval / next payout8h / 17m

Bybit

OKXSHORT

Bid / ask0.11059 / 0.11062

Mark price0.1106

Volume 24h$5.38M

Open interest$2.67M

Rate+0.0100%

APR+11%

Interval / next payout8h / 17m

OKX

Spread from our samples

spread over the period: from 0% to 40% APR, 203 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.