KERNEL: Bitget → 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

-1259%

APR right now

Price gap

+0.429%

between legs

Average spread

-186%

over 24h from our own samples

Over 7 days

-186%

samples: 118

BitgetLONG

Bid / ask0.0674 / 0.06754

Mark price0.06763

Volume 24h$5.63M

Open interest$859.70K

Rate-0.4525%

APR-991%

Interval / next payout4h / 1h 41m

Bitget

BybitSHORT

Bid / ask0.06783 / 0.06791

Mark price0.06777

Volume 24h$11.18M

Open interest$2.10M

Rate-1.0276%

APR-2250%

Interval / next payout4h / 1h 41m

Bybit

Spread from our samples

spread over the period: from -1913% to 18% APR, 118 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.