ZKC: Bybit → Bitget

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

-195%

APR right now

Price gap

+0.241%

between legs

Average spread

-374%

over 24h from our own samples

Over 7 days

-374%

samples: 108

BybitLONG

Bid / ask0.04146 / 0.04148

Mark price0.04148

Volume 24h$666.10K

Open interest$871.54K

Rate+0.0939%

APR+206%

Interval / next payout4h / 3h 27m

Bybit

BitgetSHORT

Bid / ask0.04158 / 0.04161

Mark price0.04158

Volume 24h$179.62K

Open interest$426.24K

Rate+0.0050%

APR+11%

Interval / next payout4h / 3h 27m

Bitget

Spread from our samples

spread over the period: from -638% to 0% 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.