S: OKX → 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

+35%

APR right now

Price gap

-0.069%

between legs

Average spread

+4%

over 24h from our own samples

Over 7 days

+4%

samples: 202

OKXLONG

Bid / ask0.04367 / 0.04371

Mark price0.04367

Volume 24h$8.78M

Open interest$1.11M

Rate-0.0108%

APR-24%

Interval / next payout4h / 19m

OKX

BitgetSHORT

Bid / ask0.04368 / 0.04374

Mark price0.04373

Volume 24h$3.76M

Open interest$1.29M

Rate+0.0050%

APR+11%

Interval / next payout4h / 19m

Bitget

Spread from our samples

spread over the period: from 0% to 32% 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.