USDJPY

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AvantisUSD/JPY	158.16	L +0.0027S +0.0028	pay 0.0003% / 1h	35m 29s	$7.1M	—	500x	Long Avantis
SHORT	BybitUSDJPYUSDT	157.91	0	0.0000% / 8h	4h 35m	$1.2M	$120K	100x	Short Bybit

Price gap−0.156%

Funding gap−0.0027% /8h

Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.033% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$6−0.0027% /8h now · paid −0.057% over the last 7D

Price−$3spread −0.156% now, avg −0.122% → −0.033% if it goes back

Costsno datano order book for Avantis

Result, before costs−$9−0.09%+ Points / potential airdropAvantis: Season 3 · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Price spread

Prices

Fundingper 8h

PRICE SPREAD · 7D

Now−0.156%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

USDJPY on 15 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Note: Order book unknown—
No order-book sample for Avantis: its slippage is not counted.
Note: Margin at max leverage$20 + $100
Avantis 500x, Bybit 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$0.82Long Avantis: 24 payments, −$0.82; short Bybit: 3 payments, $0.00.
Watch: Gap narrower than usual−0.156% vs −0.122%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$1.2M vs $7.1M OI
Bybit sets your exit cost. Check its book before closing.
OK: Points on a legAvantis Season 3
Volume here counts toward the points program.
Watch: KYCAvantis No · Bybit Yes
Standard verification is mandatory for every product.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0027%/8h × 21 periods−$5.70

Price spread−0.156% → −0.122% (7d avg)−$3.34

Slippage, 4 ordersno data for Avantis—

Fee Avantis bp × 2 orders−$4.00

Fee Bybit bp × 2 orders−$11.00

Net, fees only · 7 days · $10k−$24.04

Costs to cover0.150%Break-evennever at this rate

Slippage: Avantis: no order-book sample; Bybit: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGAvantis—————

SELL · SHORTBybit1.8755.0 bp−$55doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.
Avantis: no data.

USDJPY news

posts that mention USDJPY, from every exchangeSearch all news →

09-30 18:40	Hotstuff	Listing	USDJPY-PERP no longer reported ($USDJPY) seen by our collector
09-21 11:50	Bybit	Other	Don't miss the next big moves for @Bybit_Learn's "3 Assets to Watch"! ICYMI: Last week, GBPUSD and USDJPY perfectly respected @Bybit_Learn's targets. Catch up here: #Bybit @Bybit_Official on X ↗
09-17 23:20	Aevo	Listing	Forex just joined the Aevo portfolio. EURUSD, USDJPY, and USDKRW forex perps are now live with up to 10x leverage. Long or short all three using the same account and collateral pool as the rest of your Aevo positions. @aevoxyz on X ↗