GPRO: OKX → Bybit

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

-236%

APR right now

Price gap

+0.664%

between legs

Average spread

-16%

over 24h from our own samples

Over 7 days

-16%

samples: 119

OKXLONG

Bid / ask1.294 / 1.295

Mark price1.294

Volume 24h$689.37K

Open interest$538.08K

Rate+0.2155%

APR+236%

Interval / next payout8h / 5h 38m

OKX

BybitSHORT

Bid / ask1.3036 / 1.3052

Mark price1.3033

Volume 24h$291.47K

Open interest$358.54K

Rate+0.0000%

APR+0%

Interval / next payout8h / 5h 38m

Bybit

Spread from our samples

spread over the period: from -262% to 63% 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.