NIL: MEXC → 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

+31%

APR right now

Price gap

+0.008%

between legs

Average spread

+149%

over 24h from our own samples

Over 7 days

+149%

samples: 202

MEXCLONG

Bid / ask0.08295 / 0.08303

Mark price0.08303

Volume 24h$4.77M

Open interest$3.31M

Rate+0.0050%

APR+11%

Interval / next payout4h / 19m

MEXC

HyperliquidSHORT

Bid / ask0.083037 / 0.083315

Mark price0.083091

Volume 24h$5.33M

Open interest$5.64M

Rate+0.0047%

APR+41%

Interval / next payout1h / 19m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 524% 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.