CRCL: Gate → Lighter

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

+308%

APR right now

Price gap

+0.030%

between legs

Average spread

+271%

over 24h from our own samples

Over 7 days

+271%

samples: 102

GateLONG

Bid / ask— / —

Mark price94.76

Volume 24h$27.72M

Open interest$3.62M

Rate+0.0000%

APR+0%

Interval / next payout8h / 14m

Gate

LighterSHORT

Bid / ask— / —

Mark price94.788

Volume 24h$2.22M

Open interest$3.06M

Rate+0.0352%

APR+308%

Interval / next payout1h / 14m

Lighter

Spread from our samples

spread over the period: from 0% to 420% APR, 102 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.