Funding you earn now, next payment 07:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h +0.038%
Price spread now: Hotstuff against Extended−0.081%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropExtended: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.081% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended USDJPY-USD | 157.63 | −0.0064 | get 0.0008% / 1h | 6m 59s | $842K | $82K | 25x |
| Short | Hotstuff USDJPY-PERP | 157.50 | −0.0120 | pay 0.0015% / 1h | 6m 59s | $33K | — | 50x |
Extended USDJPY-USD
Hotstuff USDJPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$11.76
- Price spread: −0.081% → 0.000%
- −$8.12
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$29.88
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 36 min ago; Hotstuff: 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 Extended live order book, 36 min ago | 5.84 bp | 13.9 bp −$14 | 74.4 bp −$744 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:JPY | −0.0307% | 1h | 157.50 | −0.081% | $29.3M | $3.1M | 50x | as long as short |
| Bitget USDJPYUSDT | −0.0152% | 8h | 157.43 | −0.126% | $574K | $153K | 100x | as long as short |
| Hotstuff USDJPY-PERPshort | −0.0120% | 1h | 157.50 | −0.081% | $33K | — | 50x | |
| Ondo Perps USDJPY-USD.P | −0.0100% | 1h | 157.50 | −0.078% | $35K | $7K | 10x | as long as short |
| Lighter USDJPY | −0.0080% | 1h | 157.47 | −0.099% | $552K | $360K | 50x | as long as short |
| edgeX USDJPYUSDC | −0.0075% | 4h | 157.49 | −0.087% | $5K | $134K | 50x | as long as short |
| Extended USDJPY-USDlong | −0.0064% | 1h | 157.63 | long leg | $842K | $82K | 25x | |
| Nado USDJPY-PERP | −0.0017% | 1h | 157.67 | +0.028% | $98K | $7K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 157.28 | −0.223% | $282K | $158K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.62 | −0.005% | $25K | $52K | 50x | as long as short |
tradeXYZ xyz:JPY
Bitget USDJPYUSDT
Ondo Perps USDJPY-USD.P
Lighter USDJPY
edgeX USDJPYUSDC
Nado USDJPY-PERP
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDCShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX USDJPY-USDT | 0.0000% | 1h | 157.48 | −0.094% | — | $2.4M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 157.54 | −0.056% | $9K | $317K | 20x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.39 | −0.148% | $95K | $63K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 157.41 | −0.136% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0186% | 1h | 157.70 | +0.044% | $40K | $72K | 101x | as long as short |
SunX USDJPY-USDT
HTX USDJPY-USDT
Pacifica USDJPY
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP