COTI: Binance → Bybit

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

+703%

APR right now

Price gap

+0.207%

between legs

Average spread

+160%

over 24h from our own samples

Over 7 days

+160%

samples: 203

BinanceLONG

Bid / ask— / —

Mark price0.015482

Volume 24h$52.97M

Open interest—

Rate-0.5709%

APR-1250%

Interval / next payout4h / 17m

Binance

BybitSHORT

Bid / ask0.015514 / 0.015519

Mark price0.015519

Volume 24h$10.73M

Open interest$4.98M

Rate-0.5000%

APR-548%

Interval / next payout8h / 17m

Bybit

Spread from our samples

spread over the period: from 0% to 757% APR, 203 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.