M: Gate → 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

+328%

APR right now

Price gap

-0.739%

between legs

Average spread

+136%

over 24h from our own samples

Over 7 days

+136%

samples: 108

GateLONG

Bid / ask— / —

Mark price1.4441

Volume 24h$874.35K

Open interest$972.64K

Rate+0.0100%

APR+11%

Interval / next payout8h / 7h 26m

Gate

KuCoinSHORT

Bid / ask— / —

Mark price1.4334

Volume 24h$4.20M

Open interest$1.41M

Rate+0.1549%

APR+339%

Interval / next payout4h / 3h 26m

KuCoin

Spread from our samples

spread over the period: from 0% to 328% 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.