Settings8H · net · $10k
Funding arb · Price arb /

USDJPY

RWAall USDJPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0024%/8h= −2.6% APRnext payment $0.03 per $10,000 · paid last 24h +0.006%
Price spread now: HTX against Hotstuff0.000%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff USDJPY-PERP157.620.0024pay 0.0003% / 1h25m 19s$33K50x
ShortHTX USDJPY-USDT157.620get 0.0000% / 1h25m 19s$9K$313K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$5.04
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$22.04
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; HTX: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell HTX live order book, 7 min ago12.38 bp47.9 bp −$48doesn't fitdoesn't fitdoesn'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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USDJPYUSDT−0.0691%8h157.43−0.121%$574K$135K100xas long as short
tradeXYZ xyz:JPY−0.0091%1h157.620.000%$29.5M$3.2M50xas long as short
Lighter USDJPY−0.0048%1h157.51−0.069%$553K$356K50xas long as short
Pacifica USDJPY−0.0014%1h157.63+0.006%$95K$40K50xas long as short
Nado USDJPY-PERP−0.0010%1h157.71+0.056%$98K$1K40xas long as short
edgeX USDJPYUSDC−0.0003%4h157.63+0.004%$5K$134K50xas long as short
Bybit USDJPYUSDT0.0000%8h157.54−0.052%$291K$127K100xas long as short
Orderly PERP_USDJPY_USDC0.0000%8h157.65+0.019%$25K$52K50xas long as short
SunX USDJPY-USDT0.0000%1h157.61−0.006%$2.3M10xas long as short
HTX USDJPY-USDTshort0.0000%1h157.620.000%$9K$313K20x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff USDJPY-PERPlong+0.0024%1h157.62long leg$33K50x
Extended USDJPY-USD+0.0032%1h157.66+0.028%$843K$82K25xas long as short
Ondo Perps USDJPY-USD.P+0.0050%1h157.53−0.055%$35K$4K10xas long as short
Aevo USDJPY-PERP+0.0104%1h157.47−0.098%$25K10xas long as short
Injective USDJPY/USDC PERP+0.0136%1h157.80+0.112%$44K$72K101xas long as short