Funding you earn now, next payment 12:00 UTC−0.0143%/8h= −15.6% APRpaid last 24h −0.046%
Price spread now: Bybit against Injective−0.127%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−0.084%−$8 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 −$4 a day on $10k at the current rate, and Bybit is 0.127% cheaper against Injective than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USDJPY/USDC PERP | 157.19 | 0.0143 | pay 0.0018% / 1h | 11m 05s | $25K | $87K | 101x |
| Short | Bybit USDJPYUSDT | 156.99 | 0 | get 0.0000% / 8h | 4h 11m | $301K | $130K | 100x |
Injective USDJPY/USDC PERP
Bybit USDJPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$29.98
- Price spread: −0.127% → 0.000%
- −$12.72
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$53.72
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 21 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 Bybit live order book, 21 min ago | 1.11 bp | 74.4 bp −$74 | 230.5 bp −$2,305 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff USDJPY-PERP | −0.0800% | 1h | 157.13 | −0.039% | $33K | — | 50x | as long as short |
| edgeX USDJPYUSDC | −0.0182% | 4h | 157.11 | −0.054% | $9K | $137K | 50x | as long as short |
| Bitget USDJPYUSDT | −0.0175% | 8h | 157.13 | −0.039% | $573K | $90K | 100x | as long as short |
| Lighter USDJPY | −0.0144% | 1h | 156.97 | −0.138% | $607K | $393K | 50x | as long as short |
| tradeXYZ xyz:JPY | −0.0110% | 1h | 157.09 | −0.064% | $29.7M | $3.3M | 50x | as long as short |
| Extended USDJPY-USD | −0.0096% | 1h | 157.15 | −0.025% | $849K | $89K | 25x | as long as short |
| Nado USDJPY-PERP | −0.0019% | 1h | 157.22 | +0.016% | $98K | $1K | 40x | as long as short |
| Bybit USDJPYUSDTshort | 0.0000% | 8h | 156.99 | −0.127% | $301K | $130K | 100x | |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.14 | −0.032% | $24K | $21K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.08 | −0.071% | — | $1.5M | 10x | as long as short |
Hotstuff USDJPY-PERP
edgeX USDJPYUSDC
Bitget USDJPYUSDT
Lighter USDJPY
tradeXYZ xyz:JPY
Extended USDJPY-USD
Nado USDJPY-PERP
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX USDJPY-USDT | 0.0000% | 1h | 157.07 | −0.077% | $9K | $307K | 20x | as long as short |
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.03 | −0.103% | $35K | $3K | 10x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.11 | −0.052% | $94K | $24K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.90 | −0.184% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERPlong | +0.0143% | 1h | 157.19 | long leg | $25K | $87K | 101x |
HTX USDJPY-USDT
Ondo Perps USDJPY-USD.P
Pacifica USDJPY
Aevo USDJPY-PERP