WLFI: Lighter → 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

+4%

APR right now

Price gap

-0.104%

between legs

Average spread

+172%

over 24h from our own samples

Over 7 days

+172%

samples: 108

LighterLONG

Bid / ask— / —

Mark price0.05758

Volume 24h$397.47K

Open interest$991.14K

Rate+0.0008%

APR+7%

Interval / next payout1h / 22m

Lighter

BybitSHORT

Bid / ask0.05752 / 0.05753

Mark price0.05753

Volume 24h$17.67M

Open interest$21.17M

Rate+0.0050%

APR+11%

Interval / next payout4h / 3h 22m

Bybit

Spread from our samples

spread over the period: from -73% to 453% APR, 108 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.