STEEM: Bybit → MEXC

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

-155%

APR right now

Price gap

+0.331%

between legs

Average spread

-186%

over 24h from our own samples

Over 7 days

-186%

samples: 119

BybitLONG

Bid / ask0.05733 / 0.05738

Mark price0.05734

Volume 24h$1.07M

Open interest$1.27M

Rate+0.0758%

APR+166%

Interval / next payout4h / 1h 38m

Bybit

MEXCSHORT

Bid / ask0.05757 / 0.05758

Mark price0.05758

Volume 24h$121.64K

Open interest$417.51K

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 38m

MEXC

Spread from our samples

spread over the period: from -360% to 0% 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.