FET: Bitget → 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

+63%

APR right now

Price gap

+0.016%

between legs

Average spread

+23%

over 24h from our own samples

Over 7 days

+23%

samples: 202

BitgetLONG

Bid / ask0.2056 / 0.2057

Mark price0.2056

Volume 24h$9.88M

Open interest$16.16M

Rate+0.0100%

APR+11%

Interval / next payout8h / 19m

Bitget

HyperliquidSHORT

Bid / ask0.205733 / 0.205908

Mark price0.20582

Volume 24h$6.66M

Open interest$9.63M

Rate+0.0084%

APR+74%

Interval / next payout1h / 19m

Hyperliquid

Spread from our samples

spread over the period: from -26% to 91% 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.