INJ: Binance → MEXC

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

+17%

APR right now

Price gap

+0.015%

between legs

Average spread

+12%

over 24h from our own samples

Over 7 days

+12%

samples: 203

BinanceLONG

Bid / ask— / —

Mark price7.7598

Volume 24h$88.52M

Open interest—

Rate+0.0100%

APR+11%

Interval / next payout8h / 17m

Binance

MEXCSHORT

Bid / ask7.761 / 7.764

Mark price7.76

Volume 24h$19.56M

Open interest$31.28M

Rate+0.0257%

APR+28%

Interval / next payout8h / 17m

MEXC

Spread from our samples

spread over the period: from 0% to 20% 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.