RDW: Bitget → 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

+2%

APR right now

Price gap

+0.240%

between legs

Average spread

+5%

over 24h from our own samples

Over 7 days

+5%

samples: 120

BitgetLONG

Bid / ask11.646 / 11.651

Mark price11.667

Volume 24h$78.71K

Open interest$419.73K

Rate+0.0000%

APR+0%

Interval / next payout8h / 5h 24m

Bitget

BybitSHORT

Bid / ask11.679 / 11.694

Mark price11.683

Volume 24h$714.96K

Open interest$456.69K

Rate+0.0016%

APR+2%

Interval / next payout8h / 5h 24m

Bybit

Spread from our samples

spread over the period: from 0% to 22% 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.