USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h −0.054%

Price spread now: tradeXYZ against HTX+0.108%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1231.235% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.237%−$24 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.108%, 7d avg +0.007%

Together, before fees−0.366%+ Points / potential airdroptradeXYZ: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.102% dearer against HTX than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.007%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USDJPY-USDT	156.94	0	get 0.0000% / 1h	44m 43s	$9K	$308K	20x
Short	tradeXYZ xyz:JPY	157.11	−0.0115	pay 0.0014% / 1h	44m 43s	$29.7M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$24.07
Price spread: +0.108% → +0.007%: $10.18
Slippage, 4 orders: −$93.46
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$137.35
Costs to cover: 1.235%
Break-even: never at this rate

Slippage from HTX: live order book, 60 min ago; tradeXYZ: live order book, 8 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, 60 min ago	13.07 bp	56.3 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	1.27 bp	11.3 bp −$11	16.6 bp −$166	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
Extended USDJPY-USD	−0.0272%	1h	157.18	+0.155%	$849K	$89K	25x	as long as short
Bitget USDJPYUSDT	−0.0262%	8h	157.16	+0.140%	$574K	$107K	100x	as long as short
Lighter USDJPY	−0.0216%	1h	156.97	+0.022%	$603K	$388K	50x	as long as short
tradeXYZ xyz:JPYshort	−0.0115%	1h	157.11	+0.108%	$29.7M	$3.3M	50x
edgeX USDJPYUSDC	−0.0025%	4h	157.05	+0.068%	$8K	$138K	50x	as long as short
Nado USDJPY-PERP	−0.0017%	1h	157.23	+0.183%	$98K	$1K	40x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	156.89	−0.034%	$291K	$123K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.17	+0.147%	$24K	$21K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	157.09	+0.096%	—	$1.6M	10x	as long as short
HTX USDJPY-USDTlong	0.0000%	1h	156.94	long leg	$9K	$308K	20x

Show 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	157.01	+0.047%	$35K	$4K	10x	as long as short
Hotstuff USDJPY-PERP	+0.0072%	1h	157.07	+0.083%	$33K	—	50x	as long as short
Pacifica USDJPY	+0.0100%	1h	157.11	+0.108%	$94K	$24K	50x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	156.87	−0.043%	$25K	$500	10x	as long as short
Injective USDJPY/USDC PERP	+0.0143%	1h	157.08	+0.090%	$25K	$87K	101x	as long as short