AVA: Bybit → KuCoin

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

+29%

APR right now

Price gap

-0.286%

between legs

Average spread

+82%

over 24h from our own samples

Over 7 days

+82%

samples: 108

BybitLONG

Bid / ask0.2446 / 0.2447

Mark price0.2447

Volume 24h$1.11M

Open interest$1.27M

Rate-0.0948%

APR-208%

Interval / next payout4h / 3h 25m

Bybit

KuCoinSHORT

Bid / ask— / —

Mark price0.244

Volume 24h$92.98K

Open interest$712.82K

Rate-0.0817%

APR-179%

Interval / next payout4h / 3h 25m

KuCoin

Spread from our samples

spread over the period: from -24% to 200% 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.