Funding you earn now, next payment 07:00 UTC−0.0338%/8h= −37.0% APRpaid last 24h −0.045%
Price spread now: Bitget against Injective−0.176%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bitget is 0.176% cheaper against Injective than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.161% in total (about -8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USDJPY/USDC PERP | 157.70 | 0.0186 | pay 0.0023% / 1h | 7m 16s | $40K | $72K | 101x |
| Short | Bitget USDJPYUSDT | 157.42 | −0.0152 | pay 0.0152% / 8h | 1h 07m | $574K | $153K | 100x |
Injective USDJPY/USDC PERP
Bitget USDJPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$70.99
- Price spread: −0.176% → 0.000%
- −$17.63
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$100.64
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 33 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 33 min ago | 0.32 bp | 6.3 bp −$6 | 6.9 bp −$69 | doesn't fit | doesn't fit |
Injective: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:JPY | −0.0307% | 1h | 157.50 | −0.126% | $29.3M | $3.1M | 50x | as long as short |
| Bitget USDJPYUSDTshort | −0.0152% | 8h | 157.42 | −0.176% | $574K | $153K | 100x | |
| Hotstuff USDJPY-PERP | −0.0120% | 1h | 157.50 | −0.126% | $33K | — | 50x | as long as short |
| Ondo Perps USDJPY-USD.P | −0.0100% | 1h | 157.50 | −0.122% | $35K | $7K | 10x | as long as short |
| Lighter USDJPY | −0.0080% | 1h | 157.47 | −0.143% | $552K | $360K | 50x | as long as short |
| edgeX USDJPYUSDC | −0.0075% | 4h | 157.49 | −0.131% | $5K | $134K | 50x | as long as short |
| Extended USDJPY-USD | −0.0064% | 1h | 157.63 | −0.044% | $842K | $82K | 25x | as long as short |
| Nado USDJPY-PERP | −0.0017% | 1h | 157.67 | −0.016% | $98K | $7K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 157.27 | −0.272% | $282K | $158K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.62 | −0.049% | $25K | $52K | 50x | as long as short |
tradeXYZ xyz:JPY
Hotstuff USDJPY-PERP
Ondo Perps USDJPY-USD.P
Lighter USDJPY
edgeX USDJPYUSDC
Extended USDJPY-USD
Nado USDJPY-PERP
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDCShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX USDJPY-USDT | 0.0000% | 1h | 157.48 | −0.138% | — | $2.4M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 157.54 | −0.100% | $9K | $317K | 20x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.39 | −0.192% | $95K | $63K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 157.41 | −0.181% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERPlong | +0.0186% | 1h | 157.70 | long leg | $40K | $72K | 101x |
SunX USDJPY-USDT
HTX USDJPY-USDT
Pacifica USDJPY
Aevo USDJPY-PERP