USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.053%

Price spread now: Lighter against Aevo+0.037%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Lighter

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.037% dearer against Aevo than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USDJPY-PERP	156.93	0.0104	pay 0.0013% / 1h	59m 06s	$25K	—	10x
Short	Lighter USDJPY	156.98	−0.0096	pay 0.0012% / 1h	59m 06s	$551K	$339K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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

Position, each leg$Hold fordaysFee AevobpFee LighterbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$42
Price spread: +0.037% → 0.000%: $3.73
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$54.27
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 31 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 31 min ago	1.49 bp	5.2 bp −$5	13.3 bp −$133	59.4 bp −$5,941	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USDJPYUSDT	−0.0640%	8h	157.14	+0.137%	$574K	$110K	100x	as long as short
tradeXYZ xyz:JPY	−0.0136%	1h	157.06	+0.086%	$29.4M	$3.5M	50x	as long as short
Lighter USDJPYshort	−0.0096%	1h	156.98	+0.037%	$551K	$339K	50x
edgeX USDJPYUSDC	−0.0080%	4h	156.98	+0.033%	$5K	$135K	50x	as long as short
Extended USDJPY-USD	−0.0048%	1h	157.15	+0.142%	$847K	$93K	25x	as long as short
Pacifica USDJPY	−0.0014%	1h	156.93	+0.002%	$94K	$34K	50x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	156.81	−0.075%	$282K	$130K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.14	+0.137%	$25K	$52K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	157.08	+0.098%	—	$2.1M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	156.99	+0.041%	$9K	$312K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado USDJPY-PERP	+0.0045%	1h	157.21	+0.184%	$98K	$1K	40x	as long as short
Hotstuff USDJPY-PERP	+0.0048%	1h	157.06	+0.086%	$33K	—	50x	as long as short
Ondo Perps USDJPY-USD.P	+0.0049%	1h	156.92	−0.002%	$35K	$4K	10x	as long as short
Aevo USDJPY-PERPlong	+0.0104%	1h	156.93	long leg	$25K	—	10x
Injective USDJPY/USDC PERP	+0.0159%	1h	157.12	+0.123%	$44K	$78K	101x	as long as short