STO: MEXC → 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

+49%

APR right now

Price gap

+0.120%

between legs

Average spread

+10%

over 24h from our own samples

Over 7 days

+10%

samples: 119

MEXCLONG

Bid / ask0.04178 / 0.04181

Mark price0.04178

Volume 24h$96.25K

Open interest$786.90K

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 39m

MEXC

BybitSHORT

Bid / ask0.04186 / 0.0419

Mark price0.04187

Volume 24h$268.83K

Open interest$718K

Rate+0.0275%

APR+60%

Interval / next payout4h / 1h 39m

Bybit

Spread from our samples

spread over the period: from -5% to 179% 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.