XIAOMI: OKX → 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

-127%

APR right now

Price gap

+0.028%

between legs

Average spread

-51%

over 24h from our own samples

Over 7 days

-51%

samples: 119

OKXLONG

Bid / ask3.532 / 3.534

Mark price3.533

Volume 24h$4.07M

Open interest$3.69M

Rate+0.1164%

APR+127%

Interval / next payout8h / 5h 37m

OKX

BybitSHORT

Bid / ask3.535 / 3.54

Mark price3.541

Volume 24h$129.30K

Open interest$291.51K

Rate+0.0000%

APR+0%

Interval / next payout8h / 5h 37m

Bybit

Spread from our samples

spread over the period: from -138% to 0% APR, 119 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.