STEEM: Bybit → 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

+0.312%

between legs

Average spread

-197%

over 24h from our own samples

Over 7 days

-197%

samples: 108

BybitLONG

Bid / ask0.05767 / 0.05772

Mark price0.05767

Volume 24h$1.05M

Open interest$1.29M

Rate+0.0212%

APR+46%

Interval / next payout4h / 3h 26m

Bybit

BitgetSHORT

Bid / ask0.0579 / 0.05795

Mark price0.0579

Volume 24h$284.48K

Open interest$473.37K

Rate+0.0050%

APR+11%

Interval / next payout4h / 3h 26m

Bitget

Spread from our samples

spread over the period: from -366% 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.