INJ: 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

+53%

APR right now

Price gap

+0.127%

between legs

Average spread

+68%

over 24h from our own samples

Over 7 days

+68%

samples: 108

BybitLONG

Bid / ask7.838 / 7.839

Mark price7.84

Volume 24h$31.44M

Open interest$21.98M

Rate+0.0037%

APR+4%

Interval / next payout8h / 7h 25m

Bybit

HyperliquidSHORT

Bid / ask7.8489 / 7.8527

Mark price7.8521

Volume 24h$9.14M

Open interest$26.49M

Rate+0.0065%

APR+57%

Interval / next payout1h / 25m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 147% APR, 108 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.