PONS: Gate → Bitget

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

+33%

APR right now

Price gap

+0.124%

between legs

Average spread

-19%

over 24h from our own samples

Over 7 days

-19%

samples: 202

GateLONG

Bid / ask— / —

Mark price0.6218

Volume 24h$5.77M

Open interest$2.65M

Rate+0.0050%

APR+11%

Interval / next payout4h / 20m

Gate

BitgetSHORT

Bid / ask0.62257 / 0.62275

Mark price0.62257

Volume 24h$11.49M

Open interest$4.91M

Rate+0.0200%

APR+44%

Interval / next payout4h / 20m

Bitget

Spread from our samples

spread over the period: from -456% to 231% 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.