Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.047%
Price spread now: Bybit against Extended−0.130%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1121.125% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now −0.130%, 7d avg −0.110%
=Together, before fees−0.015%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.110%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.123%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended USDJPY-USD | 157.45 | 0.0032 | pay 0.0004% / 1h | 36m 29s | $841K | $82K | 25x |
| Short | Bybit USDJPYUSDT | 157.25 | 0 | get 0.0000% / 8h | 2h 36m | $281K | $186K | 100x |
Extended USDJPY-USD
Bybit USDJPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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: −0.130% → −0.110%
- −$1.91
- Slippage, 4 orders
- −$96.45
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$121.08
- Costs to cover
- 1.125%
- Break-even
- never at this rate
Slippage from Extended: live order book, 12 min ago; Bybit: live order book, 59 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 Extended live order book, 12 min ago | 4.29 bp | 15.3 bp −$15 | 74.9 bp −$749 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 59 min ago | 0.22 bp | 75.3 bp −$75 | 236.0 bp −$2,360 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Pacifica USDJPY | −0.0167% | 1h | 157.29 | −0.101% | $95K | $63K | 50x | as long as short |
| tradeXYZ xyz:JPY | −0.0123% | 1h | 157.40 | −0.033% | $29.3M | $3.1M | 50x | as long as short |
| edgeX USDJPYUSDC | −0.0113% | 4h | 157.37 | −0.050% | $5K | $134K | 50x | as long as short |
| Lighter USDJPY | −0.0024% | 1h | 157.30 | −0.098% | $552K | $365K | 50x | as long as short |
| Nado USDJPY-PERP | −0.0003% | 1h | 157.49 | +0.024% | $98K | $7K | 40x | as long as short |
| Bybit USDJPYUSDTshort | 0.0000% | 8h | 157.25 | −0.130% | $281K | $186K | 100x | |
| Bitget USDJPYUSDT | 0.0000% | 8h | 157.42 | −0.020% | $561K | $173K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.44 | −0.008% | $25K | $52K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.37 | −0.052% | — | $2.4M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 157.32 | −0.084% | $9K | $322K | 20x | as long as short |
Pacifica USDJPY
tradeXYZ xyz:JPY
edgeX USDJPYUSDC
Lighter USDJPY
Nado USDJPY-PERP
Bitget USDJPYUSDT
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-USDlong | +0.0032% | 1h | 157.45 | long leg | $841K | $82K | 25x | |
| Hotstuff USDJPY-PERP | +0.0040% | 1h | 157.39 | −0.039% | $33K | — | 50x | as long as short |
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.30 | −0.095% | $35K | $7K | 10x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 157.24 | −0.132% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0166% | 1h | 157.54 | +0.055% | $40K | $72K | 101x | as long as short |
Hotstuff USDJPY-PERP
Ondo Perps USDJPY-USD.P
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP