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

USDJPY

RWAall USDJPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against HTX+0.006%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$368as in the Funding arb table
Net, price: spread back to 7d avg − costs−$367as in the Price arb table
costs, in and out, $10k−$3683.676% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.006%, 7d avg +0.001%
Together, before fees−0.011%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USDJPY-USDT157.480get 0.0000% / 1h5m 49s$9K$317K20x
ShortSunX USDJPY-USDT157.490get 0.0000% / 1h5m 49s$2.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$0
Price spread: +0.006% → +0.001%
$0.56
Slippage, 4 orders
−$347.63
Fee HTX: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$367.07
Costs to cover
3.676%
Break-even
never at this rate
Slippage from HTX: live order book, 36 min ago; SunX: live order book, 1 min ago.

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, 36 min ago13.97 bp98.3 bp −$98doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 1 min ago80.32 bp99.2 bp −$99doesn't fitdoesn't fitdoesn't fit

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%1h157.51+0.019%$29.3M$3.1M50xas long as short
Bitget USDJPYUSDT−0.0156%8h157.43−0.032%$574K$153K100xas long as short
Hotstuff USDJPY-PERP−0.0120%1h157.50+0.013%$33K50xas long as short
Ondo Perps USDJPY-USD.P−0.0101%1h157.50+0.016%$35K$7K10xas long as short
Lighter USDJPY−0.0080%1h157.49+0.004%$552K$360K50xas long as short
edgeX USDJPYUSDC−0.0075%4h157.49+0.007%$5K$134K50xas long as short
Extended USDJPY-USD−0.0064%1h157.65+0.108%$842K$82K25xas long as short
Nado USDJPY-PERP−0.0017%1h157.69+0.136%$98K$7K40xas long as short
Bybit USDJPYUSDT0.0000%8h157.28−0.127%$282K$158K100xas long as short
Orderly PERP_USDJPY_USDC0.0000%8h157.64+0.102%$25K$52K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX USDJPY-USDTshort0.0000%1h157.49+0.006%$2.4M10x
HTX USDJPY-USDTlong0.0000%1h157.48long leg$9K$317K20x
Pacifica USDJPY+0.0100%1h157.39−0.059%$95K$63K50xas long as short
Aevo USDJPY-PERP+0.0104%1h157.42−0.036%$25K$50010xas long as short
Injective USDJPY/USDC PERP+0.0186%1h157.70+0.138%$40K$72K101xas long as short