WLD: Bybit → 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

+48%

APR right now

Price gap

+0.119%

between legs

Average spread

+43%

over 24h from our own samples

Over 7 days

+43%

samples: 118

BybitLONG

Bid / ask0.4621 / 0.4622

Mark price0.4621

Volume 24h$87.26M

Open interest$66.22M

Rate+0.0100%

APR+11%

Interval / next payout8h / 5h 40m

Bybit

HyperliquidSHORT

Bid / ask0.46275 / 0.46318

Mark price0.46313

Volume 24h$42.88M

Open interest$51.53M

Rate+0.0067%

APR+59%

Interval / next payout1h / 40m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 119% APR, 118 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.