$BOND A 3% arbitrage opportunity every day.

The bond funding rate of Binance and bybit is -2%.

However, Binance settles every 4 hours, while bybit settles every 8 hours.

If you open a short position on bybit and a long position on Binance with the same amount of funds, you can earn a 2% funding fee every 8 hours without taking on any risk. The average of the funds on both sides is 1% of the profit in 8 hours. You can earn 3% in a day

The prerequisite is that the short side is not hit by a spike, and the final price tends to be consistent.