ONG: Extended → 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

-2%

APR right now

Price gap

+0.169%

between legs

Average spread

+144%

over 24h from our own samples

Over 7 days

+144%

samples: 118

ExtendedLONG

Bid / ask0.091708 / 0.091725

Mark price0.091861

Volume 24h$18.25K

Open interest$174.04K

Rate-0.0103%

APR-90%

Interval / next payout1h / 42m

Extended

BybitSHORT

Bid / ask0.09188 / 0.09192

Mark price0.09193

Volume 24h$2.79M

Open interest$2.49M

Rate-0.0422%

APR-92%

Interval / next payout4h / 1h 42m

Bybit

Spread from our samples

spread over the period: from -2% to 218% 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.