CRV: 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

+0%

APR right now

Price gap

+0.115%

between legs

Average spread

+34%

over 24h from our own samples

Over 7 days

+34%

samples: 202

BybitLONG

Bid / ask0.3556 / 0.3557

Mark price0.3557

Volume 24h$18.15M

Open interest$26.89M

Rate+0.0100%

APR+11%

Interval / next payout8h / 17m

Bybit

HyperliquidSHORT

Bid / ask0.35611 / 0.35655

Mark price0.35631

Volume 24h$15.88M

Open interest$22.07M

Rate+0.0013%

APR+11%

Interval / next payout1h / 17m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 148% APR, 202 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.