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−0.0266%/8h= −29.1% APRnext payment $0.33 per $10,000 · paid last 24h −0.039%
Price spread now: Pacifica against Aevo−0.033%7-day average · you buy dearer than you sell
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 fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Pacifica is 0.033% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo USDJPY-PERP157.500.0104pay 0.0013% / 1h23m 29s$25K$50010x
ShortPacifica USDJPY157.45−0.0162pay 0.0020% / 1h23m 29s$95K$63K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$55.83
Price spread: −0.033% → 0.000%
−$3.34
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$83.17
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Pacifica: 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 Pacifica no order-book sample
Aevo and Pacifica: 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%8h157.43−0.044%$574K$134K100xas long as short
tradeXYZ xyz:JPY−0.0357%1h157.59+0.058%$29.4M$3.0M50xas long as short
Hotstuff USDJPY-PERP−0.0176%1h157.61+0.071%$33K50xas long as short
Pacifica USDJPYshort−0.0162%1h157.45−0.033%$95K$63K50x
Ondo Perps USDJPY-USD.P−0.0144%1h157.56+0.039%$35K$4K10xas long as short
Extended USDJPY-USD−0.0104%1h157.75+0.158%$842K$82K25xas long as short
Lighter USDJPY−0.0064%1h157.56+0.041%$552K$358K50xas long as short
edgeX USDJPYUSDC−0.0052%4h157.58+0.054%$5K$134K50xas long as short
Nado USDJPY-PERP−0.0018%1h157.79+0.184%$98K$7K40xas long as short
Bybit USDJPYUSDT0.0000%8h157.27−0.143%$282K$142K100xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_USDJPY_USDC0.0000%8h157.73+0.147%$25K$52K50xas long as short
SunX USDJPY-USDT0.0000%1h157.58+0.052%$2.4M10xas long as short
HTX USDJPY-USDT0.0000%1h157.63+0.083%$9K$316K20xas long as short
Aevo USDJPY-PERPlong+0.0104%1h157.50long leg$25K$50010x
Injective USDJPY/USDC PERP+0.0148%1h157.79+0.185%$44K$72K101xas long as short