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+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.006%
Price spread now: SunX against Hotstuff−0.006%7-day average · you buy dearer than you sell
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
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff USDJPY-PERP157.66−0.0008get 0.0001% / 1h38m 23s$33K50x
ShortSunX USDJPY-USDT157.650get 0.0000% / 1h38m 23s$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$1.68
Price spread: −0.006% → 0.000%
−$0.63
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$11.95
Costs to cover
0.130%
Break-even
56.8 days
Slippage unknown: Hotstuff: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago81.18 bp100.3 bp −$100doesn'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−0.0635%8h157.43−0.146%$574K$135K100xas long as short
edgeX USDJPYUSDC−0.0167%4h157.66+0.001%$5K$134K50xas long as short
tradeXYZ xyz:JPY−0.0087%1h157.63−0.019%$29.5M$3.2M50xas long as short
Lighter USDJPY−0.0040%1h157.59−0.048%$553K$356K50xas long as short
Nado USDJPY-PERP−0.0017%1h157.76+0.065%$98K$3K40xas long as short
Pacifica USDJPY−0.0014%1h157.68+0.013%$95K$59K50xas long as short
Hotstuff USDJPY-PERPlong−0.0008%1h157.66long leg$33K50x
Bybit USDJPYUSDT0.0000%8h157.48−0.115%$291K$130K100xas long as short
Orderly PERP_USDJPY_USDC0.0000%8h157.71+0.032%$25K$52K50xas long as short
SunX USDJPY-USDTshort0.0000%1h157.65−0.006%$2.3M10x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX USDJPY-USDT0.0000%1h157.64−0.013%$9K$315K20xas long as short
Extended USDJPY-USD+0.0024%1h157.71+0.033%$843K$82K25xas long as short
Ondo Perps USDJPY-USD.P+0.0050%1h157.57−0.054%$35K$4K10xas long as short
Aevo USDJPY-PERP+0.0104%1h157.51−0.095%$25K$50010xas long as short
Injective USDJPY/USDC PERP+0.0136%1h157.80+0.086%$44K$72K101xas long as short