Collecting interest on basket of currencies

My broker offers 23 currencies pairs and pays interest daily.

If I long every single pair that earns interest and short every other pair, I'll be earning interest on all my trades.

Is it so that i am almost hedged and the movement in those pairs should basically cancel out leaving me the net interest to pocket?

The risk is if all high yielding currencies fall against low yielding currencies in a coordinated & concerted way.

Hmmm you mean buying pair that pay swap on pay and selling pair that pay swap on seeling ?

Your sentence is not very clear...

yes i mean enter positions so that I get paid swap/interest on all of them.

I have considered this. The problem is that you are very exposed to currencies such as Euro, Franc and Yen. If any or all of these currencies head higher, you may be in a bit of a pickle.