Settings8H · net · $10k
Funding arb · Price arb /

USDJPY

RWAall USDJPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.007%
Price spread now: Pacifica against HTX−0.092%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 7 days−0.163%−$16 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Funding pays, the price is against you. Pacifica is 0.092% cheaper against HTX than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.163%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USDJPY-USDT157.540get 0.0000% / 1h7m 16s$9K$317K20x
ShortPacifica USDJPY157.390.0100get 0.0013% / 1h7m 16s$95K$63K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$21
Price spread: −0.092% → 0.000%
−$9.21
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$8.21
Costs to cover
0.200%
Break-even
9.7 days
Slippage unknown: HTX: live order book, 35 min ago; Pacifica: 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, 35 min ago13.97 bp98.3 bp −$98doesn't fitdoesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: 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
tradeXYZ xyz:JPY−0.0307%1h157.50−0.025%$29.3M$3.1M50xas long as short
Bitget USDJPYUSDT−0.0152%8h157.42−0.076%$574K$153K100xas long as short
Hotstuff USDJPY-PERP−0.0120%1h157.50−0.025%$33K50xas long as short
Ondo Perps USDJPY-USD.P−0.0100%1h157.50−0.022%$35K$7K10xas long as short
Lighter USDJPY−0.0080%1h157.47−0.043%$552K$360K50xas long as short
edgeX USDJPYUSDC−0.0075%4h157.49−0.031%$5K$134K50xas long as short
Extended USDJPY-USD−0.0064%1h157.63+0.056%$842K$82K25xas long as short
Nado USDJPY-PERP−0.0017%1h157.67+0.084%$98K$7K40xas long as short
Bybit USDJPYUSDT0.0000%8h157.27−0.172%$282K$158K100xas long as short
Orderly PERP_USDJPY_USDC0.0000%8h157.62+0.051%$25K$52K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX USDJPY-USDT0.0000%1h157.48−0.038%$2.4M10xas long as short
HTX USDJPY-USDTlong0.0000%1h157.54long leg$9K$317K20x
Pacifica USDJPYshort+0.0100%1h157.39−0.092%$95K$63K50x
Aevo USDJPY-PERP+0.0104%1h157.41−0.081%$25K$50010xas long as short
Injective USDJPY/USDC PERP+0.0186%1h157.70+0.100%$40K$72K101xas long as short