Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.047%
Price spread now: Extended against Bitget+0.042%7-day average −0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.042%, 7d avg −0.107%
=Together, before fees−0.029%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.148% dearer against Bitget than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.107%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USDJPYUSDT | 157.42 | 0 | get 0.0000% / 8h | 1h 58m | $574K | $175K | 100x |
| Short | Extended USDJPY-USD | 157.49 | 0.0032 | get 0.0004% / 1h | 58m 31s | $841K | $82K | 25x |
Bitget USDJPYUSDT
Extended USDJPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.72
- Price spread: +0.042% → −0.107%
- $14.81
- Slippage, 4 orders
- −$24.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$19.65
- Costs to cover
- 0.412%
- Break-even
- 27.5 days
Slippage from Bitget: live order book, 46 min ago; Extended: live order book, 50 min ago.
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 Bitget live order book, 46 min ago | 0.63 bp | 6.6 bp −$7 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Extended live order book, 50 min ago | 4.29 bp | 12.5 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:JPY | −0.0174% | 1h | 157.39 | −0.019% | $29.3M | $3.1M | 50x | as long as short |
| edgeX USDJPYUSDC | −0.0028% | 4h | 157.38 | −0.029% | $5K | $135K | 50x | as long as short |
| Lighter USDJPY | −0.0024% | 1h | 157.34 | −0.053% | $552K | $360K | 50x | as long as short |
| Nado USDJPY-PERP | −0.0006% | 1h | 157.53 | +0.071% | $98K | $7K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 157.26 | −0.099% | $281K | $174K | 100x | as long as short |
| Hotstuff USDJPY-PERP | 0.0000% | 1h | 157.40 | −0.013% | $33K | — | 50x | as long as short |
| Bitget USDJPYUSDTlong | 0.0000% | 8h | 157.42 | long leg | $574K | $175K | 100x | |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.48 | +0.038% | $25K | $52K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.36 | −0.038% | — | $2.4M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 157.21 | −0.133% | $9K | $319K | 20x | as long as short |
tradeXYZ xyz:JPY
edgeX USDJPYUSDC
Lighter USDJPY
Nado USDJPY-PERP
Bybit USDJPYUSDT
Hotstuff USDJPY-PERP
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDT
HTX USDJPY-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended USDJPY-USDshort | +0.0032% | 1h | 157.49 | +0.042% | $841K | $82K | 25x | |
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.33 | −0.055% | $35K | $7K | 10x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.30 | −0.078% | $95K | $63K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 157.28 | −0.092% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0186% | 1h | 157.52 | +0.062% | $40K | $72K | 101x | as long as short |
Ondo Perps USDJPY-USD.P
Pacifica USDJPY
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP