USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0212%/8h= −23.2% APRnext payment −$0.26 per $10,000 · paid last 24h −0.066%

Price spread now: Lighter against Injective−0.149%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.149% cheaper against Injective than usual: you would sell low and buy high (−$15 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	157.79	0.0148	pay 0.0018% / 1h	22m 22s	$44K	$72K	101x
Short	Lighter USDJPY	157.56	−0.0064	pay 0.0008% / 1h	22m 22s	$552K	$358K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now −0.149%Rate

Funding earned: −$44.47
Price spread: −0.149% → 0.000%: −$14.89
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$59.38
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 12 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 Lighter live order book, 12 min ago	2.16 bp	3.1 bp −$3	11.1 bp −$111	55.5 bp −$5,551	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
Bitget USDJPYUSDT	−0.0400%	8h	157.43	−0.228%	$574K	$134K	100x	as long as short
tradeXYZ xyz:JPY	−0.0358%	1h	157.59	−0.127%	$29.4M	$3.0M	50x	as long as short
Hotstuff USDJPY-PERP	−0.0176%	1h	157.59	−0.127%	$33K	—	50x	as long as short
Pacifica USDJPY	−0.0162%	1h	157.44	−0.222%	$95K	$63K	50x	as long as short
Ondo Perps USDJPY-USD.P	−0.0143%	1h	157.56	−0.146%	$35K	$4K	10x	as long as short
Extended USDJPY-USD	−0.0104%	1h	157.74	−0.031%	$842K	$82K	25x	as long as short
Lighter USDJPYshort	−0.0064%	1h	157.56	−0.149%	$552K	$358K	50x
edgeX USDJPYUSDC	−0.0052%	4h	157.58	−0.131%	$5K	$134K	50x	as long as short
Nado USDJPY-PERP	−0.0018%	1h	157.78	−0.006%	$98K	$7K	40x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	157.27	−0.330%	$282K	$142K	100x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.73	−0.038%	$25K	$52K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	157.57	−0.139%	—	$2.4M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	157.63	−0.101%	$9K	$316K	20x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	157.50	−0.181%	$25K	$500	10x	as long as short
Injective USDJPY/USDC PERPlong	+0.0148%	1h	157.79	long leg	$44K	$72K	101x