Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

USDJPY

RWAAll USDJPY markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitUSDJPYUSDT
157.96−0.0009get 0.0009% / 8h5h 17m$1.2M$119K100xLong Bybit
SHORT
AvantisUSD/JPY
158.16L +0.0027S +0.0028pay 0.0004% / 1h17m 57s$7.1M—500xShort Avantis
Price gap+0.129%51s
Funding gap−0.0019% /8h

Funding costs $1 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$6−0.0019% /8h now · paid −0.058% over the last 7D
Price—spread +0.129%51s now · prices read too far apart to compare
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both prices read together

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.129%
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$100 + $20
    Bybit 100x, Avantis 500x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$0.56Long Bybit: 3 payments, +$0.28; short Avantis: 24 payments, −$0.84.
  • Watch: Prices read 51 s apart+0.129% vs +0.122%
    Part of this gap may be the market moving.
  • Watch: Long 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: KYCBybit Yes · Avantis No
    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−0.0028%/8h × 21 periods−$5.80
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Avantis—
Fee Bybit bp × 2 orders−$11.00
Fee Avantis bp × 2 orders−$4.00
Net, fees only · 7 days · $10k−$20.80
price spread not counted: prices read too far apart
Costs to cover0.150%Break-evennever at this rate
Slippage: Bybit: live order book, 4 min ago; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit3.2616.1 bp−$1691.5 bp−$915doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————

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

Alert

USDJPY news

posts that mention USDJPY, from every exchangeSearch all news →
09-30 18:40HotstuffListingUSDJPY-PERP no longer reported ($USDJPY) seen by our collector
09-21 11:50BybitOtherDon'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 23:20AevoListingForex 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 ↗