USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h +0.003%

Price spread now: Nado against Hotstuff+0.124%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 Nado

What this pair did over the last

the charts below follow

Funding, last 3 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 · Nado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.124% dearer against Hotstuff than usual: you sell high and buy low: +$12 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	157.50	−0.0120	get 0.0015% / 1h	5m 49s	$33K	—	50x
Short	Nado USDJPY-PERP	157.69	−0.0017	pay 0.0002% / 1h	5m 49s	$98K	$7K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.124%Rate

Funding earned: $21.64
Price spread: +0.124% → 0.000%: $12.37
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Nado: 0.7 bp × 2 orders: −$1.4
Net: $27.6
Costs to cover: 0.064%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Nado: 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 Nado no order-book sample	—	—	—	—	—

Hotstuff and Nado: 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
tradeXYZ xyz:JPY	−0.0307%	1h	157.51	+0.006%	$29.3M	$3.1M	50x	as long as short
Bitget USDJPYUSDT	−0.0156%	8h	157.43	−0.044%	$574K	$153K	100x	as long as short
Hotstuff USDJPY-PERPlong	−0.0120%	1h	157.50	long leg	$33K	—	50x
Ondo Perps USDJPY-USD.P	−0.0101%	1h	157.50	+0.003%	$35K	$7K	10x	as long as short
Lighter USDJPY	−0.0080%	1h	157.49	−0.008%	$552K	$360K	50x	as long as short
edgeX USDJPYUSDC	−0.0075%	4h	157.49	−0.006%	$5K	$134K	50x	as long as short
Extended USDJPY-USD	−0.0064%	1h	157.65	+0.095%	$842K	$82K	25x	as long as short
Nado USDJPY-PERPshort	−0.0017%	1h	157.69	+0.124%	$98K	$7K	40x
Bybit USDJPYUSDT	0.0000%	8h	157.28	−0.140%	$282K	$158K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.64	+0.089%	$25K	$52K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX USDJPY-USDT	0.0000%	1h	157.49	−0.006%	—	$2.4M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	157.48	−0.013%	$9K	$317K	20x	as long as short
Pacifica USDJPY	+0.0100%	1h	157.39	−0.071%	$95K	$63K	50x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	157.42	−0.049%	$25K	$500	10x	as long as short
Injective USDJPY/USDC PERP	+0.0186%	1h	157.70	+0.126%	$40K	$72K	101x	as long as short