USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.035%

Price spread now: Extended against Hotstuff+0.063%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Extended

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 · Extended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.063% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff USDJPY-PERP	157.05	−0.0056	get 0.0007% / 1h	20m 06s	$33K	—	50x
Short	Extended USDJPY-USD	157.15	−0.0032	pay 0.0004% / 1h	20m 06s	$847K	$93K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.063%Rate

Funding earned: $5.04
Price spread: +0.063% → 0.000%: $6.27
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.31
Costs to cover: 0.100%
Break-even: 5.2 days

Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 31 min ago. 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 Extended live order book, 31 min ago	7.10 bp	13.5 bp −$14	doesn't fit	doesn't fit	doesn't fit

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 exchanges

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	−0.0509%	8h	157.10	+0.032%	$573K	$104K	100x	as long as short
tradeXYZ xyz:JPY	−0.0245%	1h	157.04	−0.006%	$29.7M	$3.4M	50x	as long as short
edgeX USDJPYUSDC	−0.0170%	4h	157.06	+0.009%	$5K	$134K	50x	as long as short
Hotstuff USDJPY-PERPlong	−0.0056%	1h	157.05	long leg	$33K	—	50x
Ondo Perps USDJPY-USD.P	−0.0042%	1h	156.98	−0.044%	$35K	$4K	10x	as long as short
Lighter USDJPY	−0.0040%	1h	157.00	−0.031%	$550K	$348K	50x	as long as short
Extended USDJPY-USDshort	−0.0032%	1h	157.15	+0.063%	$847K	$93K	25x
Nado USDJPY-PERP	−0.0016%	1h	157.19	+0.090%	$98K	$1K	40x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	157.04	−0.006%	$291K	$124K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.14	+0.057%	$25K	$21K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX USDJPY-USDT	0.0000%	1h	157.04	−0.006%	—	$1.8M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	156.87	−0.115%	$9K	$310K	20x	as long as short
Pacifica USDJPY	+0.0100%	1h	157.06	+0.006%	$94K	$34K	50x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	156.94	−0.067%	$25K	—	10x	as long as short
Injective USDJPY/USDC PERP	+0.0159%	1h	157.30	+0.157%	$25K	$87K	101x	as long as short