B2: Bybit → Gate

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

+240%

APR right now

Price gap

+0.216%

between legs

Average spread

+202%

over 24h from our own samples

Over 7 days

+202%

samples: 119

BybitLONG

Bid / ask0.5085 / 0.509

Mark price0.5094

Volume 24h$2.26M

Open interest$1.58M

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 36m

Bybit

GateSHORT

Bid / ask— / —

Mark price0.5101

Volume 24h$358.01K

Open interest$455.14K

Rate+0.1144%

APR+251%

Interval / next payout4h / 1h 36m

Gate

Spread from our samples

spread over the period: from 0% to 399% 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.