KAS: Bybit → KuCoin

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

+3%

APR right now

Price gap

+0.177%

between legs

Average spread

+3%

over 24h from our own samples

Over 7 days

+3%

samples: 202

BybitLONG

Bid / ask0.04174 / 0.04175

Mark price0.04174

Volume 24h$6.84M

Open interest$10.52M

Rate+0.0050%

APR+11%

Interval / next payout4h / 19m

Bybit

KuCoinSHORT

Bid / ask— / —

Mark price0.041824

Volume 24h$7.72M

Open interest$4.51M

Rate+0.0065%

APR+14%

Interval / next payout4h / 19m

KuCoin

Spread from our samples

spread over the period: from 0% to 18% 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.