SYRUP: OKX → Hyperliquid

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

+132%

APR right now

Price gap

+0.087%

between legs

Average spread

+88%

over 24h from our own samples

Over 7 days

+88%

samples: 102

OKXLONG

Bid / ask0.2299 / 0.2301

Mark price0.23

Volume 24h$1.05M

Open interest$1.16M

Rate+0.0050%

APR+11%

Interval / next payout4h / 14m

OKX

HyperliquidSHORT

Bid / ask0.230301 / 0.230768

Mark price0.23054

Volume 24h$1.54M

Open interest$5.85M

Rate+0.0164%

APR+143%

Interval / next payout1h / 14m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 156% APR, 102 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.