KERNEL: Bybit → 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

+468%

APR right now

Price gap

-0.709%

between legs

Average spread

+313%

over 24h from our own samples

Over 7 days

+313%

samples: 202

BybitLONG

Bid / ask0.05784 / 0.05786

Mark price0.05785

Volume 24h$25.83M

Open interest$2.63M

Rate-1.2221%

APR-2676%

Interval / next payout4h / 17m

Bybit

MEXCSHORT

Bid / ask0.05745 / 0.05747

Mark price0.05749

Volume 24h$6M

Open interest$1.37M

Rate-1.0086%

APR-2209%

Interval / next payout4h / 17m

MEXC

Spread from our samples

spread over the period: from -811% to 2050% 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.