Funding you earn now, next payment 12:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.039%
Price spread now: Extended against HTX+0.079%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1221.220% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.079%, 7d avg +0.010%
=Together, before fees−0.211%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.069% dearer against HTX than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.010%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.132% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX USDJPY-USDT | 156.99 | 0 | get 0.0000% / 1h | 51m 27s | $9K | $308K | 20x |
| Short | Extended USDJPY-USD | 157.11 | −0.0232 | pay 0.0029% / 1h | 51m 27s | $849K | $88K | 25x |
HTX USDJPY-USDT
Extended USDJPY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against HTX. 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
- −$48.72
- Price spread: +0.079% → +0.010%
- $6.92
- Slippage, 4 orders
- −$104.98
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$163.78
- Costs to cover
- 1.220%
- Break-even
- never at this rate
Slippage from HTX: live order book, 54 min ago; Extended: live order book, 55 min ago.
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 HTX live order book, 54 min ago | 13.07 bp | 56.3 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 55 min ago | 1.50 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget USDJPYUSDT | −0.0279% | 8h | 157.13 | +0.089% | $573K | $107K | 100x | as long as short |
| Extended USDJPY-USDshort | −0.0232% | 1h | 157.11 | +0.079% | $849K | $88K | 25x | |
| Lighter USDJPY | −0.0208% | 1h | 156.92 | −0.045% | $601K | $386K | 50x | as long as short |
| tradeXYZ xyz:JPY | −0.0097% | 1h | 157.06 | +0.045% | $29.7M | $3.3M | 50x | as long as short |
| edgeX USDJPYUSDC | −0.0080% | 4h | 157.00 | +0.005% | $5K | $134K | 50x | as long as short |
| Nado USDJPY-PERP | −0.0014% | 1h | 157.17 | +0.115% | $98K | $1K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 156.86 | −0.081% | $291K | $123K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.11 | +0.076% | $24K | $21K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.03 | +0.025% | — | $1.6M | 10x | as long as short |
| HTX USDJPY-USDTlong | 0.0000% | 1h | 156.99 | long leg | $9K | $308K | 20x |
Bitget USDJPYUSDT
Lighter USDJPY
tradeXYZ xyz:JPY
edgeX USDJPYUSDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 156.95 | −0.024% | $35K | $4K | 10x | as long as short |
| Hotstuff USDJPY-PERP | +0.0072% | 1h | 157.07 | +0.051% | $33K | — | 50x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.01 | +0.013% | $94K | $24K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.82 | −0.109% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0143% | 1h | 157.08 | +0.058% | $25K | $87K | 101x | as long as short |
Ondo Perps USDJPY-USD.P
Hotstuff USDJPY-PERP
Pacifica USDJPY
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP