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+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.002%
Price spread now: Ondo Perps against HTX−0.041%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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Ondo Perps is 0.041% cheaper against HTX than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.7 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USDJPY-USDT157.640get 0.0000% / 1h38m 24s$9K$315K20x
ShortOndo Perps USDJPY-USD.P157.570.0050get 0.0006% / 1h38m 24s$35K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$10.58
Price spread: −0.041% → 0.000%
−$4.12
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$10.54
Costs to cover
0.170%
Break-even
14.0 days
Slippage unknown: HTX: live order book, 59 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 59 min ago13.33 bp52.7 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USDJPYUSDT−0.0635%8h157.43−0.133%$574K$135K100xas long as short
edgeX USDJPYUSDC−0.0167%4h157.66+0.014%$5K$134K50xas long as short
tradeXYZ xyz:JPY−0.0087%1h157.63−0.006%$29.5M$3.2M50xas long as short
Lighter USDJPY−0.0040%1h157.59−0.035%$553K$356K50xas long as short
Nado USDJPY-PERP−0.0017%1h157.76+0.078%$98K$3K40xas long as short
Pacifica USDJPY−0.0014%1h157.68+0.025%$95K$59K50xas long as short
Hotstuff USDJPY-PERP−0.0008%1h157.66+0.013%$33K50xas long as short
Bybit USDJPYUSDT0.0000%8h157.48−0.103%$291K$130K100xas long as short
Orderly PERP_USDJPY_USDC0.0000%8h157.71+0.044%$25K$52K50xas long as short
SunX USDJPY-USDT0.0000%1h157.65+0.006%$2.3M10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX USDJPY-USDTlong0.0000%1h157.64long leg$9K$315K20x
Extended USDJPY-USD+0.0024%1h157.71+0.046%$843K$82K25xas long as short
Ondo Perps USDJPY-USD.Pshort+0.0050%1h157.57−0.041%$35K$4K10x
Aevo USDJPY-PERP+0.0104%1h157.51−0.082%$25K$50010xas long as short
Injective USDJPY/USDC PERP+0.0136%1h157.80+0.099%$44K$72K101xas long as short