SIREN: Bybit → KuCoin

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

+179%

APR right now

Price gap

-0.937%

between legs

Average spread

+110%

over 24h from our own samples

Over 7 days

+110%

samples: 102

BybitLONG

Bid / ask0.02452 / 0.02454

Mark price0.02454

Volume 24h$2.06M

Open interest$1.87M

Rate-0.0182%

APR-40%

Interval / next payout4h / 14m

Bybit

KuCoinSHORT

Bid / ask— / —

Mark price0.02431

Volume 24h$364.25K

Open interest$977.61K

Rate+0.0634%

APR+139%

Interval / next payout4h / 14m

KuCoin

Spread from our samples

spread over the period: from -372% to 392% 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.