Funding you earn now, next payment 12:00 UTC−0.0187%/8h= −20.4% APRnext payment −$0.23 per $10,000 · paid last 24h −0.028%
Price spread now: tradeXYZ against Hotstuff+0.025%408s7-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
=Together, before fees—+ Points / potential airdropHotstuff: Active · tradeXYZ: Active · farm boardneeds both histories
The price spread pays, funding is against you. tradeXYZ is 0.025% dearer against Hotstuff than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 hours. The two prices were read 408 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 | 157.07 | 0.0072 | pay 0.0009% / 1h | 44m 44s | $33K | — | 50x |
| Short | tradeXYZ xyz:JPY | 157.11 | −0.0115 | pay 0.0014% / 1h | 44m 44s | $29.7M | $3.3M | 50x |
Hotstuff USDJPY-PERP
tradeXYZ xyz:JPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$39.19
- Price spread: +0.025% → 0.000%
- $2.55
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$59.64
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; tradeXYZ: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hotstuff no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 8 min ago | 1.27 bp | 11.3 bp −$11 | 16.6 bp −$166 | doesn't fit | doesn'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 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended USDJPY-USD | −0.0272% | 1h | 157.18 | +0.073% | $849K | $89K | 25x | as long as short |
| Bitget USDJPYUSDT | −0.0262% | 8h | 157.16 | +0.057% | $574K | $107K | 100x | as long as short |
| Lighter USDJPY | −0.0216% | 1h | 156.97 | −0.061% | $603K | $388K | 50x | as long as short |
| tradeXYZ xyz:JPYshort | −0.0115% | 1h | 157.11 | +0.025% | $29.7M | $3.3M | 50x | |
| edgeX USDJPYUSDC | −0.0025% | 4h | 157.05 | −0.015% | $8K | $138K | 50x | as long as short |
| Nado USDJPY-PERP | −0.0017% | 1h | 157.23 | +0.100% | $98K | $1K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 156.89 | −0.117% | $291K | $123K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.17 | +0.064% | $24K | $21K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.09 | +0.013% | — | $1.6M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 156.94 | −0.083% | $9K | $308K | 20x | as long as short |
Extended USDJPY-USD
Bitget USDJPYUSDT
Lighter USDJPY
edgeX USDJPYUSDC
Nado USDJPY-PERP
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDT
HTX USDJPY-USDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.01 | −0.036% | $35K | $4K | 10x | as long as short |
| Hotstuff USDJPY-PERPlong | +0.0072% | 1h | 157.07 | long leg | $33K | — | 50x | |
| Pacifica USDJPY | +0.0100% | 1h | 157.11 | +0.025% | $94K | $24K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.87 | −0.126% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0143% | 1h | 157.08 | +0.007% | $25K | $87K | 101x | as long as short |
Ondo Perps USDJPY-USD.P
Pacifica USDJPY
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP