PYTH: 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

-5%

APR right now

Price gap

+0.000%

between legs

Average spread

-4%

over 24h from our own samples

Over 7 days

-4%

samples: 202

OKXLONG

Bid / ask0.06634 / 0.06636

Mark price0.06634

Volume 24h$10.50M

Open interest$2.63M

Rate-0.0006%

APR-1%

Interval / next payout4h / 17m

OKX

BybitSHORT

Bid / ask0.06636 / 0.06637

Mark price0.06638

Volume 24h$9.92M

Open interest$8.30M

Rate-0.0030%

APR-7%

Interval / next payout4h / 17m

Bybit

Spread from our samples

spread over the period: from -31% to 16% 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.