SOON: KuCoin → 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

+255%

APR right now

Price gap

-0.669%

between legs

Average spread

+247%

over 24h from our own samples

Over 7 days

+247%

samples: 119

KuCoinLONG

Bid / ask— / —

Mark price0.19571

Volume 24h$3.23M

Open interest$1.80M

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 34m

KuCoin

BybitSHORT

Bid / ask0.1944 / 0.1945

Mark price0.1943

Volume 24h$1.18M

Open interest$2.55M

Rate+0.1215%

APR+266%

Interval / next payout4h / 1h 34m

Bybit

Spread from our samples

spread over the period: from 0% to 469% APR, 119 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.