Settings8H · net · $10k
Funding arb · Price arb /

USDJPY

RWAall USDJPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h −0.031%
Price spread now: HTX against Aevo+0.064%54s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. HTX is 0.064% dearer against Aevo than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo USDJPY-PERP157.510.0104pay 0.0013% / 1h16m 27s$25K$50010x
ShortHTX USDJPY-USDT157.610get 0.0000% / 1h16m 27s$9K$316K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$21.84
Price spread: +0.064% → 0.000%
$6.37
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee HTX: 6 bp × 2 orders
−$12
Net
−$43.47
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; HTX: live order book, 21 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell HTX live order book, 21 min ago13.33 bp50.3 bp −$50doesn't fitdoesn't fitdoesn't fit
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

USDJPY on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USDJPYUSDT−0.0433%8h157.43−0.051%$574K$134K100xas long as short
tradeXYZ xyz:JPY−0.0331%1h157.62+0.070%$29.4M$3.0M50xas long as short
Pacifica USDJPY−0.0162%1h157.53+0.011%$95K$58K50xas long as short
Hotstuff USDJPY-PERP−0.0136%1h157.61+0.064%$33K50xas long as short
Ondo Perps USDJPY-USD.P−0.0112%1h157.55+0.023%$35K$4K10xas long as short
Extended USDJPY-USD−0.0072%1h157.72+0.131%$842K$82K25xas long as short
Lighter USDJPY−0.0064%1h157.54+0.020%$553K$366K50xas long as short
edgeX USDJPYUSDC−0.0049%4h157.62+0.071%$5K$135K50xas long as short
Nado USDJPY-PERP−0.0018%1h157.74+0.146%$98K$7K40xas long as short
Bybit USDJPYUSDT0.0000%8h157.52+0.004%$292K$153K100xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_USDJPY_USDC0.0000%8h157.70+0.121%$25K$52K50xas long as short
SunX USDJPY-USDT0.0000%1h157.62+0.070%$2.4M10xas long as short
HTX USDJPY-USDTshort0.0000%1h157.61+0.064%$9K$316K20x
Aevo USDJPY-PERPlong+0.0104%1h157.51long leg$25K$50010x
Injective USDJPY/USDC PERP+0.0148%1h157.79+0.179%$44K$72K101xas long as short