CORE: 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

+0%

APR right now

Price gap

+0.090%

between legs

Average spread

+41%

over 24h from our own samples

Over 7 days

+41%

samples: 108

BybitLONG

Bid / ask0.02217 / 0.02221

Mark price0.02217

Volume 24h$862.56K

Open interest$1.38M

Rate+0.0100%

APR+11%

Interval / next payout8h / 7h 23m

Bybit

OKXSHORT

Bid / ask0.02223 / 0.02225

Mark price0.02225

Volume 24h$4.27M

Open interest$1.76M

Rate+0.0100%

APR+11%

Interval / next payout8h / 7h 23m

OKX

Spread from our samples

spread over the period: from 0% to 76% 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.