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+0.0044%/8h= +4.8% APRnext payment +$0.05 per $10,000 · paid last 24h +0.014%
Price spread now: Injective against Aevo+0.180%7-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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.180% dearer against Aevo than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo USDJPY-PERP157.510.0104pay 0.0013% / 1h22m 54s$25K$50010x
ShortInjective USDJPY/USDC PERP157.790.0148get 0.0018% / 1h22m 54s$44K$72K101x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$9.19
Price spread: +0.180% → 0.000%
$18.05
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$11.22
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample
Aevo and Injective: 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−0.0393%8h157.43−0.048%$574K$134K100xas long as short
tradeXYZ xyz:JPY−0.0357%1h157.59+0.053%$29.4M$3.0M50xas long as short
Hotstuff USDJPY-PERP−0.0176%1h157.61+0.066%$33K50xas long as short
Pacifica USDJPY−0.0162%1h157.45−0.038%$95K$63K50xas long as short
Ondo Perps USDJPY-USD.P−0.0144%1h157.56+0.034%$35K$4K10xas long as short
Extended USDJPY-USD−0.0104%1h157.74+0.149%$842K$82K25xas long as short
Lighter USDJPY−0.0064%1h157.56+0.032%$552K$358K50xas long as short
edgeX USDJPYUSDC−0.0052%4h157.58+0.050%$5K$134K50xas long as short
Nado USDJPY-PERP−0.0018%1h157.79+0.179%$98K$7K40xas long as short
Bybit USDJPYUSDT0.0000%8h157.27−0.147%$282K$142K100xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_USDJPY_USDC0.0000%8h157.73+0.142%$25K$52K50xas long as short
SunX USDJPY-USDT0.0000%1h157.58+0.047%$2.4M10xas long as short
HTX USDJPY-USDT0.0000%1h157.63+0.079%$9K$316K20xas long as short
Aevo USDJPY-PERPlong+0.0104%1h157.51long leg$25K$50010x
Injective USDJPY/USDC PERPshort+0.0148%1h157.79+0.180%$44K$72K101x