ONT: OKX → 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

+168%

APR right now

Price gap

-0.196%

between legs

Average spread

+115%

over 24h from our own samples

Over 7 days

+115%

samples: 102

OKXLONG

Bid / ask0.05612 / 0.05616

Mark price0.05614

Volume 24h$899.78K

Open interest$792.58K

Rate+0.0046%

APR+10%

Interval / next payout4h / 13m

OKX

BybitSHORT

Bid / ask0.05605 / 0.05608

Mark price0.0561

Volume 24h$313.05K

Open interest$796.85K

Rate+0.0815%

APR+179%

Interval / next payout4h / 13m

Bybit

Spread from our samples

spread over the period: from 0% to 199% APR, 102 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.