USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.038%

Price spread now: Aevo against Hotstuff−0.110%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Aevo

What this pair did over the last

the charts below follow

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 airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.110% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 6.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff USDJPY-PERP	156.98	0.0048	pay 0.0006% / 1h	3m 21s	$33K	—	50x
Short	Aevo USDJPY-PERP	156.81	0.0104	get 0.0013% / 1h	3m 21s	$25K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hotstuff. 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 HotstuffbpFee AevobpOrdersPrice spread, now −0.110%Rate

Funding earned: $11.76
Price spread: −0.110% → 0.000%: −$11
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$20.24
Costs to cover: 0.210%
Break-even: 19.0 days

Slippage unknown: Hotstuff: no order-book sample; Aevo: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Hotstuff and Aevo: 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	−0.0654%	8h	157.01	+0.019%	$573K	$120K	100x	as long as short
edgeX USDJPYUSDC	−0.0169%	4h	156.82	−0.099%	$5K	$135K	50x	as long as short
tradeXYZ xyz:JPY	−0.0102%	1h	156.98	0.000%	$29.4M	$3.5M	50x	as long as short
Lighter USDJPY	−0.0056%	1h	156.89	−0.057%	$551K	$360K	50x	as long as short
Extended USDJPY-USD	−0.0040%	1h	157.04	+0.040%	$847K	$93K	25x	as long as short
Pacifica USDJPY	−0.0014%	1h	156.92	−0.038%	$94K	$34K	50x	as long as short
Nado USDJPY-PERP	−0.0013%	1h	157.10	+0.077%	$98K	$1K	40x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	156.82	−0.102%	$282K	$131K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.04	+0.038%	$25K	$52K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	156.94	−0.025%	—	$2.1M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX USDJPY-USDT	0.0000%	1h	156.97	−0.006%	$9K	$313K	20x	as long as short
Hotstuff USDJPY-PERPlong	+0.0048%	1h	156.98	long leg	$33K	—	50x
Ondo Perps USDJPY-USD.P	+0.0050%	1h	156.96	−0.012%	$35K	$4K	10x	as long as short
Aevo USDJPY-PERPshort	+0.0104%	1h	156.81	−0.110%	$25K	—	10x
Injective USDJPY/USDC PERP	+0.0136%	1h	157.20	+0.143%	$44K	$78K	101x	as long as short