ICP: Binance → 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

+15%

APR right now

Price gap

+0.198%

between legs

Average spread

+27%

over 24h from our own samples

Over 7 days

+27%

samples: 202

BinanceLONG

Bid / ask— / —

Mark price2.946

Volume 24h$45.46M

Open interest—

Rate+0.0100%

APR+11%

Interval / next payout8h / 18m

Binance

HyperliquidSHORT

Bid / ask2.9518 / 2.9537

Mark price2.9519

Volume 24h$3.74M

Open interest$4.57M

Rate+0.0030%

APR+26%

Interval / next payout1h / 18m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 110% 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.