GOAT: 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

+193%

APR right now

Price gap

+0.333%

between legs

Average spread

+147%

over 24h from our own samples

Over 7 days

+147%

samples: 119

BybitLONG

Bid / ask0.01827 / 0.01831

Mark price0.01827

Volume 24h$992.59K

Open interest$1.85M

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 36m

Bybit

HyperliquidSHORT

Bid / ask0.018371 / 0.018422

Mark price0.018388

Volume 24h$456.15K

Open interest$1.18M

Rate+0.0233%

APR+204%

Interval / next payout1h / 36m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 321% APR, 119 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.