It can work, but not necessarily for all people.
The biggest time gap team I've worked on was east coast US and China.
Great. 12 hour gap.
US team changed to being in the office, or at least online, at 6am. China team started at 11am in China. Roughly a 3 hour handover time.
It worked.
But for some was a toil. When interviewing and taking pains to point this out, the usual response being "Ok, no problem" but then a few months later seeing someone looking visibility drained wasn't good. Helped them find an alternative role. And some loved it, especially the reduced traffic and sense of community.
During this handover period everyone had a webcam on their OC, a fair amount of travel between sites which all participants were excited for on and three US-China marriages happened over the years.
Great for some. Terrible for others.