ENA: BingX → 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

+0.088%

between legs

Average spread

+29%

over 24h from our own samples

Over 7 days

+29%

samples: 121

BingXLONG

Bid / ask0.21171 / 0.21175

Mark price0.21175

Volume 24h$32.25M

Open interest—

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 19m

BingX

HyperliquidSHORT

Bid / ask0.211937 / 0.212124

Mark price0.2119

Volume 24h$71.41M

Open interest$113.88M

Rate+0.0013%

APR+11%

Interval / next payout1h / 19m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 82% APR, 121 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.