Funding you earn now, next payment 12:00 UTC+0.0279%/8h= +30.6% APRpaid last 24h +0.051%
Price spread now: SunX against Bitget−0.064%50s7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2142.140% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.064%, 7d avg −0.113%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and SunX is 0.049% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.113%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.132% in total (about 6.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USDJPYUSDT | 157.13 | −0.0279 | get 0.0279% / 8h | 4h 51m | $573K | $107K | 100x |
| Short | SunX USDJPY-USDT | 157.03 | 0 | get 0.0000% / 1h | 51m 25s | — | $1.6M | 10x |
Bitget USDJPYUSDT
SunX USDJPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $58.59
- Price spread: −0.064% → −0.113%
- $4.89
- Slippage, 4 orders
- −$193.97
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$150.49
- Costs to cover
- 2.140%
- Break-even
- 25.0 days
Slippage from Bitget: live order book, 51 min ago; SunX: live order book, 8 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, 51 min ago | 1.27 bp | 7.3 bp −$7 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 80.91 bp | 100.2 bp −$100 | doesn't fit | doesn't fit | doesn't fit |
USDJPY on 15 exchanges
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 USDJPYUSDTlong | −0.0279% | 8h | 157.13 | long leg | $573K | $107K | 100x | |
| Extended USDJPY-USD | −0.0232% | 1h | 157.11 | −0.010% | $849K | $88K | 25x | as long as short |
| Lighter USDJPY | −0.0208% | 1h | 156.92 | −0.134% | $601K | $386K | 50x | as long as short |
| tradeXYZ xyz:JPY | −0.0097% | 1h | 157.06 | −0.045% | $29.7M | $3.3M | 50x | as long as short |
| edgeX USDJPYUSDC | −0.0080% | 4h | 157.00 | −0.084% | $5K | $134K | 50x | as long as short |
| Nado USDJPY-PERP | −0.0014% | 1h | 157.17 | +0.026% | $98K | $1K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 156.86 | −0.170% | $291K | $123K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.11 | −0.013% | $24K | $21K | 50x | as long as short |
| SunX USDJPY-USDTshort | 0.0000% | 1h | 157.03 | −0.064% | — | $1.6M | 10x | |
| HTX USDJPY-USDT | 0.0000% | 1h | 156.99 | −0.089% | $9K | $308K | 20x | as long as short |
Extended USDJPY-USD
Lighter USDJPY
tradeXYZ xyz:JPY
edgeX USDJPYUSDC
Nado USDJPY-PERP
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
HTX USDJPY-USDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 156.95 | −0.113% | $35K | $4K | 10x | as long as short |
| Hotstuff USDJPY-PERP | +0.0072% | 1h | 157.07 | −0.038% | $33K | — | 50x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.01 | −0.076% | $94K | $24K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.82 | −0.198% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0143% | 1h | 157.08 | −0.031% | $25K | $87K | 101x | as long as short |
Ondo Perps USDJPY-USD.P
Hotstuff USDJPY-PERP
Pacifica USDJPY
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP