USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.021%

Price spread now: Lighter against HTX−0.048%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1091.087% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now −0.048%, 7d avg −0.088%

Together, before fees−0.195%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.041% dearer against HTX than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.088%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USDJPY-USDT	157.63	0	get 0.0000% / 1h	22m 38s	$9K	$316K	20x
Short	Lighter USDJPY	157.56	−0.0064	pay 0.0008% / 1h	22m 38s	$552K	$358K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$13.44
Price spread: −0.048% → −0.088%: $4.09
Slippage, 4 orders: −$96.68
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$118.03
Costs to cover: 1.087%
Break-even: never at this rate

Slippage from HTX: live order book, 15 min ago; Lighter: live order book, 12 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, 15 min ago	13.33 bp	52.7 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	2.16 bp	3.1 bp −$3	11.1 bp −$111	55.5 bp −$5,551	doesn't fit

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	−0.0400%	8h	157.43	−0.127%	$574K	$134K	100x	as long as short
tradeXYZ xyz:JPY	−0.0357%	1h	157.59	−0.025%	$29.4M	$3.0M	50x	as long as short
Hotstuff USDJPY-PERP	−0.0176%	1h	157.61	−0.013%	$33K	—	50x	as long as short
Pacifica USDJPY	−0.0162%	1h	157.44	−0.120%	$95K	$63K	50x	as long as short
Ondo Perps USDJPY-USD.P	−0.0143%	1h	157.56	−0.044%	$35K	$4K	10x	as long as short
Extended USDJPY-USD	−0.0104%	1h	157.74	+0.070%	$842K	$82K	25x	as long as short
Lighter USDJPYshort	−0.0064%	1h	157.56	−0.048%	$552K	$358K	50x
edgeX USDJPYUSDC	−0.0052%	4h	157.58	−0.029%	$5K	$134K	50x	as long as short
Nado USDJPY-PERP	−0.0018%	1h	157.79	+0.100%	$98K	$7K	40x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	157.27	−0.228%	$282K	$142K	100x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.73	+0.063%	$25K	$52K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	157.58	−0.032%	—	$2.4M	10x	as long as short
HTX USDJPY-USDTlong	0.0000%	1h	157.63	long leg	$9K	$316K	20x
Aevo USDJPY-PERP	+0.0104%	1h	157.51	−0.079%	$25K	$500	10x	as long as short
Injective USDJPY/USDC PERP	+0.0148%	1h	157.79	+0.102%	$44K	$72K	101x	as long as short