BEAT: 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

+27%

APR right now

Price gap

-0.080%

between legs

Average spread

+75%

over 24h from our own samples

Over 7 days

+75%

samples: 119

BybitLONG

Bid / ask0.08745 / 0.08748

Mark price0.08748

Volume 24h$2.24M

Open interest$4.68M

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 35m

Bybit

KuCoinSHORT

Bid / ask— / —

Mark price0.08741

Volume 24h$1.21M

Open interest$2.37M

Rate+0.0173%

APR+38%

Interval / next payout4h / 1h 35m

KuCoin

Spread from our samples

spread over the period: from 0% to 96% 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.