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Funding arb · Price arb /

USDJPY

RWAall USDJPY markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0252%/8h= −27.6% APRnext payment −$0.31 per $10,000 · paid last 24h −0.089%
Price spread now: Extended against Injective−0.032%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days−0.205%−$20 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Extended is 0.032% cheaper against Injective than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective USDJPY/USDC PERP157.790.0148pay 0.0018% / 1h22m 52s$44K$72K101x
ShortExtended USDJPY-USD157.74−0.0104pay 0.0013% / 1h22m 52s$842K$82K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$52.87
Price spread: −0.032% → 0.000%
−$3.17
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$61.06
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; Extended: live order book, 15 min ago. 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 Injective no order-book sample—————
Sell Extended live order book, 15 min ago6.29 bp12.1 bp −$12doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USDJPYUSDT−0.0393%8h157.43−0.228%$574K$134K100xas long as short
tradeXYZ xyz:JPY−0.0357%1h157.59−0.127%$29.4M$3.0M50xas long as short
Hotstuff USDJPY-PERP−0.0176%1h157.61−0.114%$33K—50xas long as short
Pacifica USDJPY−0.0162%1h157.45−0.218%$95K$63K50xas long as short
Ondo Perps USDJPY-USD.P−0.0144%1h157.56−0.146%$35K$4K10xas long as short
Extended USDJPY-USDshort−0.0104%1h157.74−0.032%$842K$82K25x
Lighter USDJPY−0.0064%1h157.56−0.148%$552K$358K50xas long as short
edgeX USDJPYUSDC−0.0052%4h157.58−0.131%$5K$134K50xas long as short
Nado USDJPY-PERP−0.0018%1h157.79−0.001%$98K$7K40xas long as short
Bybit USDJPYUSDT0.0000%8h157.27−0.327%$282K$142K100xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_USDJPY_USDC0.0000%8h157.73−0.038%$25K$52K50xas long as short
SunX USDJPY-USDT0.0000%1h157.58−0.133%—$2.4M10xas long as short
HTX USDJPY-USDT0.0000%1h157.63−0.101%$9K$316K20xas long as short
Aevo USDJPY-PERP+0.0104%1h157.51−0.180%$25K$50010xas long as short
Injective USDJPY/USDC PERPlong+0.0148%1h157.79long leg$44K$72K101x