BERA: Bybit → Hyperliquid

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

+21%

APR right now

Price gap

+0.200%

between legs

Average spread

+40%

over 24h from our own samples

Over 7 days

+40%

samples: 118

BybitLONG

Bid / ask0.225 / 0.2252

Mark price0.2252

Volume 24h$4.07M

Open interest$3.03M

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 40m

Bybit

HyperliquidSHORT

Bid / ask0.22565 / 0.22601

Mark price0.22607

Volume 24h$912.91K

Open interest$2.86M

Rate+0.0037%

APR+32%

Interval / next payout1h / 40m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 158% APR, 118 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.