TAO: Bitget → 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

+170%

APR right now

Price gap

+0.197%

between legs

Average spread

+134%

over 24h from our own samples

Over 7 days

+134%

samples: 102

BitgetLONG

Bid / ask311.93 / 311.94

Mark price312.04

Volume 24h$46.74M

Open interest$34.87M

Rate+0.0050%

APR+11%

Interval / next payout4h / 16m

Bitget

HyperliquidSHORT

Bid / ask312.553 / 312.85

Mark price312.92

Volume 24h$84.16M

Open interest$97.45M

Rate+0.0207%

APR+181%

Interval / next payout1h / 16m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 353% 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.