USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.020%

Price spread now: Lighter against Extended−0.104%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$400.398% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.104%, 7d avg −0.098%

Together, before fees−0.040%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.098%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended USDJPY-USD	157.16	−0.0048	get 0.0006% / 1h	58m 23s	$847K	$93K	25x
Short	Lighter USDJPY	157.00	−0.0096	pay 0.0012% / 1h	58m 23s	$551K	$339K	50x

Funding history

latest

Range statsloading…

Lighter against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee ExtendedbpFee LighterbpOrdersPrice spread, now −0.104%Rate

Slippage from Extended: live order book, 35 min ago; Lighter: live order book, 31 min ago.

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, 35 min ago	1.71 bp	14.3 bp −$14	67.8 bp −$678	doesn't fit	doesn't fit
Sell Lighter live order book, 31 min ago	1.49 bp	5.2 bp −$5	13.3 bp −$133	59.4 bp −$5,941	doesn't fit

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	−0.0636%	8h	157.15	−0.010%	$574K	$110K	100x	as long as short
tradeXYZ xyz:JPY	−0.0127%	1h	157.07	−0.060%	$29.4M	$3.5M	50x	as long as short
Lighter USDJPYshort	−0.0096%	1h	157.00	−0.104%	$551K	$339K	50x
edgeX USDJPYUSDC	−0.0080%	4h	156.98	−0.119%	$5K	$135K	50x	as long as short
Extended USDJPY-USDlong	−0.0048%	1h	157.16	long leg	$847K	$93K	25x
Nado USDJPY-PERP	−0.0008%	1h	157.22	+0.033%	$98K	$1K	40x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	156.84	−0.206%	$282K	$130K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.17	+0.003%	$25K	$52K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	157.08	−0.054%	—	$2.1M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	156.99	−0.111%	$9K	$312K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff USDJPY-PERP	+0.0048%	1h	157.06	−0.067%	$33K	—	50x	as long as short
Ondo Perps USDJPY-USD.P	+0.0050%	1h	156.92	−0.155%	$35K	$4K	10x	as long as short
Pacifica USDJPY	+0.0100%	1h	156.96	−0.134%	$94K	$34K	50x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	156.93	−0.152%	$25K	—	10x	as long as short
Injective USDJPY/USDC PERP	+0.0159%	1h	157.12	−0.029%	$44K	$78K	101x	as long as short