Funding you earn now, next payment 08:00 UTC−0.0341%/8h= −37.3% APRpaid last 24h +0.021%
Price spread now: Bitget against edgeX−0.098%7-day average +0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 6 days (all we have)−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.098%, 7d avg +0.116%
=Together, before fees+0.184%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bitget is 0.213% cheaper against edgeX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.116%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX USDJPYUSDC | 157.58 | −0.0052 | get 0.0026% / 4h | 23m 31s | $5K | $134K | 50x |
| Short | Bitget USDJPYUSDT | 157.43 | −0.0393 | pay 0.0393% / 8h | 23m 31s | $574K | $134K | 100x |
edgeX USDJPYUSDC
Bitget USDJPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against edgeX. 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
- −$71.53
- Price spread: −0.098% → +0.116%
- −$21.34
- Slippage, 4 orders
- −$7.34
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$121.21
- Costs to cover
- 0.283%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 13 min ago; Bitget: live order book, 11 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 edgeX live order book, 13 min ago | 2.22 bp | 6.8 bp −$7 | 13.9 bp −$139 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 11 min ago | 0.32 bp | 8.4 bp −$8 | 14.3 bp −$143 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget USDJPYUSDTshort | −0.0393% | 8h | 157.43 | −0.098% | $574K | $134K | 100x | |
| tradeXYZ xyz:JPY | −0.0357% | 1h | 157.60 | +0.010% | $29.4M | $3.0M | 50x | as long as short |
| Hotstuff USDJPY-PERP | −0.0176% | 1h | 157.61 | +0.016% | $33K | — | 50x | as long as short |
| Pacifica USDJPY | −0.0162% | 1h | 157.45 | −0.088% | $95K | $63K | 50x | as long as short |
| Ondo Perps USDJPY-USD.P | −0.0144% | 1h | 157.56 | −0.015% | $35K | $4K | 10x | as long as short |
| Extended USDJPY-USD | −0.0104% | 1h | 157.75 | +0.103% | $842K | $82K | 25x | as long as short |
| Lighter USDJPY | −0.0064% | 1h | 157.56 | −0.013% | $552K | $358K | 50x | as long as short |
| edgeX USDJPYUSDClong | −0.0052% | 4h | 157.58 | long leg | $5K | $134K | 50x | |
| Nado USDJPY-PERP | −0.0018% | 1h | 157.78 | +0.122% | $98K | $7K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 157.28 | −0.194% | $282K | $142K | 100x | as long as short |
tradeXYZ xyz:JPY
Hotstuff USDJPY-PERP
Pacifica USDJPY
Ondo Perps USDJPY-USD.P
Extended USDJPY-USD
Lighter USDJPY
Nado USDJPY-PERP
Bybit USDJPYUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.73 | +0.093% | $25K | $52K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.58 | −0.003% | — | $2.4M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 157.63 | +0.029% | $9K | $316K | 20x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 157.50 | −0.054% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0148% | 1h | 157.79 | +0.131% | $44K | $72K | 101x | as long as short |
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDT
HTX USDJPY-USDT
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP