TAO: Bitget → Lighter

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

+80%

APR right now

Price gap

+0.343%

between legs

Average spread

+568%

over 24h from our own samples

Over 7 days

+568%

samples: 202

BitgetLONG

Bid / ask313.39 / 313.51

Mark price313.47

Volume 24h$54.38M

Open interest$35.29M

Rate+0.0050%

APR+11%

Interval / next payout4h / 18m

Bitget

LighterSHORT

Bid / ask— / —

Mark price314.585

Volume 24h$7.36M

Open interest$1.65M

Rate+0.0104%

APR+91%

Interval / next payout1h / 18m

Lighter

Spread from our samples

spread over the period: from 0% to 1803% APR, 202 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.