SOFTBANK: Bitget → 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

-7%

APR right now

Price gap

+0.583%

between legs

Average spread

+3%

over 24h from our own samples

Over 7 days

+3%

samples: 108

BitgetLONG

Bid / ask41.292 / 41.319

Mark price41.31

Volume 24h$1.56M

Open interest$2.04M

Rate-0.0461%

APR-50%

Interval / next payout8h / 7h 24m

Bitget

OKXSHORT

Bid / ask41.56 / 41.67

Mark price41.68

Volume 24h$192.57K

Open interest$72.89K

Rate-0.0524%

APR-57%

Interval / next payout8h / 7h 24m

OKX

Spread from our samples

spread over the period: from -24% to 51% 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.