PEPE: Bybit → Aster

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

+67%

APR right now

Price gap

+0.162%

between legs

Average spread

+78%

over 24h from our own samples

Over 7 days

+78%

samples: 120

BybitLONG

Bid / ask0.005004 / 0.005005

Mark price0.005005

Volume 24h$337.13M

Open interest$97.78M

Rate+0.0100%

APR+11%

Interval / next payout8h / 5h 30m

Bybit

AsterSHORT

Bid / ask— / —

Mark price0.005013

Volume 24h$9.06M

Open interest—

Rate+0.0711%

APR+78%

Interval / next payout8h / 5h 30m

Aster

Spread from our samples

spread over the period: from 0% to 91% 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.