RIOT: Extended → OKX

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

-4%

APR right now

Price gap

-2.901%

between legs

Average spread

-4%

over 24h from our own samples

Over 7 days

-4%

samples: 108

ExtendedLONG

Bid / ask23.526 / 25.057

Mark price24.2907

Volume 24h$498

Open interest$485

Rate+0.0005%

APR+4%

Interval / next payout1h / 23m

Extended

OKXSHORT

Bid / ask24.33 / 24.41

Mark price24.4

Volume 24h$121.47K

Open interest$97.90K

Rate+0.0000%

APR+0%

Interval / next payout8h / 7h 23m

OKX

Spread from our samples

spread over the period: from -4% to 0% APR, 108 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.