Funding arb · Price arb /

USDJPY

RWAall USDJPY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h +0.017%

Price spread now: Ondo Perps against edgeX−0.016%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX USDJPYUSDC	157.58	−0.0031	get 0.0016% / 4h	19m 27s	$5K	$135K	50x
Short	Ondo Perps USDJPY-USD.P	157.56	−0.0128	pay 0.0016% / 1h	19m 27s	$35K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee Ondo PerpsbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$20.37
Price spread: −0.016% → 0.000%: −$1.58
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$35.95
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 17 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 17 min ago	2.22 bp	6.8 bp −$7	13.9 bp −$139	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 USDJPYUSDT	−0.0417%	8h	157.43	−0.098%	$574K	$134K	100x	as long as short
tradeXYZ xyz:JPY	−0.0348%	1h	157.62	+0.022%	$29.4M	$3.0M	50x	as long as short
Hotstuff USDJPY-PERP	−0.0176%	1h	157.64	+0.035%	$33K	—	50x	as long as short
Pacifica USDJPY	−0.0162%	1h	157.47	−0.073%	$95K	$58K	50x	as long as short
Ondo Perps USDJPY-USD.Pshort	−0.0128%	1h	157.56	−0.016%	$35K	$4K	10x
Extended USDJPY-USD	−0.0104%	1h	157.72	+0.088%	$842K	$82K	25x	as long as short
Lighter USDJPY	−0.0064%	1h	157.55	−0.024%	$552K	$362K	50x	as long as short
edgeX USDJPYUSDClong	−0.0031%	4h	157.58	long leg	$5K	$135K	50x
Nado USDJPY-PERP	−0.0018%	1h	157.75	+0.107%	$98K	$7K	40x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	157.27	−0.200%	$282K	$146K	100x	as long as short

Show 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	+0.092%	$25K	$52K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	157.62	+0.022%	—	$2.4M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	157.57	−0.010%	$9K	$316K	20x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	157.51	−0.045%	$25K	$500	10x	as long as short
Injective USDJPY/USDC PERP	+0.0148%	1h	157.79	+0.130%	$44K	$72K	101x	as long as short