PENDLE: Binance → Lighter

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

+95%

APR right now

Price gap

+0.022%

between legs

Average spread

+81%

over 24h from our own samples

Over 7 days

+81%

samples: 120

BinanceLONG

Bid / ask— / —

Mark price2.4836

Volume 24h$43.29M

Open interest—

Rate-0.0097%

APR-11%

Interval / next payout8h / 5h 25m

Binance

LighterSHORT

Bid / ask— / —

Mark price2.4841

Volume 24h$417.97K

Open interest$530.17K

Rate+0.0096%

APR+84%

Interval / next payout1h / 25m

Lighter

Spread from our samples

spread over the period: from 0% to 99% APR, 120 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.