USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h +0.004%

Price spread now: Ondo Perps against Hotstuff−0.054%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 Ondo Perps

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 · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.054% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.1 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	157.66	−0.0008	get 0.0001% / 1h	38m 34s	$33K	—	50x
Short	Ondo Perps USDJPY-USD.P	157.57	0.0050	get 0.0006% / 1h	38m 34s	$35K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.054%Rate

Funding earned: $12.26
Price spread: −0.054% → 0.000%: −$5.39
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.13
Costs to cover: 0.100%
Break-even: 8.8 days

Slippage unknown: Hotstuff: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—

Hotstuff and Ondo Perps: 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	−0.0635%	8h	157.43	−0.146%	$574K	$135K	100x	as long as short
edgeX USDJPYUSDC	−0.0167%	4h	157.66	+0.001%	$5K	$134K	50x	as long as short
tradeXYZ xyz:JPY	−0.0087%	1h	157.66	0.000%	$29.5M	$3.2M	50x	as long as short
Lighter USDJPY	−0.0040%	1h	157.59	−0.048%	$553K	$356K	50x	as long as short
Nado USDJPY-PERP	−0.0017%	1h	157.76	+0.065%	$98K	$3K	40x	as long as short
Pacifica USDJPY	−0.0014%	1h	157.68	+0.013%	$95K	$59K	50x	as long as short
Hotstuff USDJPY-PERPlong	−0.0008%	1h	157.66	long leg	$33K	—	50x
Bybit USDJPYUSDT	0.0000%	8h	157.49	−0.110%	$291K	$130K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.72	+0.038%	$25K	$52K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	157.65	−0.006%	—	$2.3M	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	157.64	−0.013%	$9K	$315K	20x	as long as short
Extended USDJPY-USD	+0.0016%	1h	157.73	+0.046%	$843K	$82K	25x	as long as short
Ondo Perps USDJPY-USD.Pshort	+0.0050%	1h	157.57	−0.054%	$35K	$4K	10x
Aevo USDJPY-PERP	+0.0104%	1h	157.51	−0.093%	$25K	$500	10x	as long as short
Injective USDJPY/USDC PERP	+0.0136%	1h	157.80	+0.086%	$44K	$72K	101x	as long as short