Funding you earn now, next payment 12:00 UTC+0.0943%/8h= +103.2% APRnext payment +$1.18 per $10,000 · paid last 24h +0.072%
Price spread now: Injective against Hotstuff+0.071%45s7-day average — · you sell dearer than you buy
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
=Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Injective is 0.071% dearer against Hotstuff than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff USDJPY-PERP | 157.08 | −0.0800 | get 0.0100% / 1h | 10m 37s | $33K | — | 50x |
| Short | Injective USDJPY/USDC PERP | 157.19 | 0.0143 | get 0.0018% / 1h | 10m 37s | $25K | $87K | 101x |
Hotstuff USDJPY-PERP
Injective USDJPY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Hotstuff. 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
- $197.98
- Price spread: +0.071% → 0.000%
- $7.07
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $200.02
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; Injective: 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 Injective no order-book sample | — | — | — | — | — |
Hotstuff and Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff USDJPY-PERPlong | −0.0800% | 1h | 157.08 | long leg | $33K | — | 50x | |
| edgeX USDJPYUSDC | −0.0182% | 4h | 157.11 | +0.017% | $9K | $137K | 50x | as long as short |
| Bitget USDJPYUSDT | −0.0172% | 8h | 157.12 | +0.025% | $573K | $90K | 100x | as long as short |
| Lighter USDJPY | −0.0144% | 1h | 156.98 | −0.061% | $607K | $393K | 50x | as long as short |
| tradeXYZ xyz:JPY | −0.0110% | 1h | 157.08 | 0.000% | $29.7M | $3.3M | 50x | as long as short |
| Extended USDJPY-USD | −0.0096% | 1h | 157.15 | +0.044% | $849K | $89K | 25x | as long as short |
| Nado USDJPY-PERP | −0.0019% | 1h | 157.22 | +0.087% | $98K | $1K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 156.99 | −0.057% | $301K | $130K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.14 | +0.038% | $24K | $21K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.08 | 0.000% | — | $1.5M | 10x | as long as short |
edgeX USDJPYUSDC
Bitget USDJPYUSDT
Lighter USDJPY
tradeXYZ xyz:JPY
Extended USDJPY-USD
Nado USDJPY-PERP
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX USDJPY-USDT | 0.0000% | 1h | 157.07 | −0.006% | $9K | $307K | 20x | as long as short |
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.02 | −0.039% | $35K | $3K | 10x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.11 | +0.019% | $94K | $24K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.90 | −0.113% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERPshort | +0.0143% | 1h | 157.19 | +0.071% | $25K | $87K | 101x |
HTX USDJPY-USDT
Ondo Perps USDJPY-USD.P
Pacifica USDJPY
Aevo USDJPY-PERP