FOLKS: KuCoin → BingX

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

+271%

APR right now

Price gap

+0.137%

between legs

Average spread

+41%

over 24h from our own samples

Over 7 days

+41%

samples: 203

KuCoinLONG

Bid / ask— / —

Mark price2.193

Volume 24h$5.44M

Open interest$1.25M

Rate+0.0192%

APR+42%

Interval / next payout4h / 17m

KuCoin

BingXSHORT

Bid / ask2.196 / 2.201

Mark price2.198

Volume 24h$6.54M

Open interest—

Rate+0.1428%

APR+313%

Interval / next payout4h / 17m

BingX

Spread from our samples

spread over the period: from -10% to 301% 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.