Funding you earn now, next payment 10:00 UTC−0.0177%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.050%
Price spread now: Nado against Injective+0.086%109s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Nado is 0.086% dearer against Injective than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 39 hours. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USDJPY/USDC PERP | 157.12 | 0.0159 | pay 0.0020% / 1h | 55m 29s | $44K | $78K | 101x |
| Short | Nado USDJPY-PERP | 157.25 | −0.0017 | pay 0.0002% / 1h | 55m 29s | $98K | $1K | 40x |
Injective USDJPY/USDC PERP
Nado USDJPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$37.07
- Price spread: +0.086% → 0.000%
- $8.6
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Nado: 0.7 bp × 2 orders
- −$1.4
- Net
- −$29.89
- Costs to cover
- 0.014%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Nado: no order-book sample. 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 Nado no order-book sample | — | — | — | — | — |
Injective and Nado: 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 | −0.0626% | 8h | 157.20 | +0.052% | $574K | $108K | 100x | as long as short |
| edgeX USDJPYUSDC | −0.0179% | 4h | 157.08 | −0.022% | $5K | $134K | 50x | as long as short |
| tradeXYZ xyz:JPY | −0.0130% | 1h | 157.11 | −0.006% | $29.4M | $3.5M | 50x | as long as short |
| Lighter USDJPY | −0.0104% | 1h | 157.02 | −0.060% | $551K | $339K | 50x | as long as short |
| Extended USDJPY-USD | −0.0032% | 1h | 157.21 | +0.058% | $847K | $93K | 25x | as long as short |
| Nado USDJPY-PERPshort | −0.0017% | 1h | 157.25 | +0.086% | $98K | $1K | 40x | |
| Bybit USDJPYUSDT | 0.0000% | 8h | 156.98 | −0.086% | $282K | $129K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.17 | +0.032% | $25K | $52K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.08 | −0.025% | — | $2.0M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 157.03 | −0.057% | $9K | $312K | 20x | as long as short |
Bitget USDJPYUSDT
edgeX USDJPYUSDC
tradeXYZ xyz:JPY
Lighter USDJPY
Extended USDJPY-USD
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDT
HTX USDJPY-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.04 | −0.052% | $35K | $4K | 10x | as long as short |
| Hotstuff USDJPY-PERP | +0.0064% | 1h | 157.11 | −0.006% | $33K | — | 50x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.06 | −0.040% | $94K | $34K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.93 | −0.119% | $25K | — | 10x | as long as short |
| Injective USDJPY/USDC PERPlong | +0.0159% | 1h | 157.12 | long leg | $44K | $78K | 101x |
Ondo Perps USDJPY-USD.P
Hotstuff USDJPY-PERP
Pacifica USDJPY
Aevo USDJPY-PERP