PROVE: Hyperliquid → Binance

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

+16%

APR right now

Price gap

-0.301%

between legs

Average spread

+155%

over 24h from our own samples

Over 7 days

+155%

samples: 102

HyperliquidLONG

Bid / ask0.237 / 0.238179

Mark price0.2379

Volume 24h$923.70K

Open interest$353.91K

Rate-0.0906%

APR-794%

Interval / next payout1h / 15m

Hyperliquid

BinanceSHORT

Bid / ask— / —

Mark price0.237462

Volume 24h$36.21M

Open interest—

Rate-0.3551%

APR-778%

Interval / next payout4h / 15m

Binance

Spread from our samples

spread over the period: from -173% to 455% 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.