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: Injective against Lighter+0.149%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Injective

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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.149% dearer against Lighter than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter USDJPY	157.56	−0.0064	get 0.0008% / 1h	22m 22s	$552K	$358K	50x
Short	Injective USDJPY/USDC PERP	157.79	0.0148	get 0.0018% / 1h	22m 22s	$44K	$72K	101x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. 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 LighterbpFee InjectivebpOrdersPrice spread, now +0.149%Rate

Funding earned: $44.47
Price spread: +0.149% → 0.000%: $14.92
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $59.37
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 12 min ago; Injective: 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 Lighter live order book, 12 min ago	2.16 bp	2.6 bp −$3	7.8 bp −$78	40.0 bp −$4,003	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.079%	$574K	$134K	100x	as long as short
tradeXYZ xyz:JPY	−0.0358%	1h	157.59	+0.022%	$29.4M	$3.0M	50x	as long as short
Hotstuff USDJPY-PERP	−0.0176%	1h	157.59	+0.022%	$33K	—	50x	as long as short
Pacifica USDJPY	−0.0162%	1h	157.44	−0.073%	$95K	$63K	50x	as long as short
Ondo Perps USDJPY-USD.P	−0.0143%	1h	157.56	+0.003%	$35K	$4K	10x	as long as short
Extended USDJPY-USD	−0.0104%	1h	157.74	+0.118%	$842K	$82K	25x	as long as short
Lighter USDJPYlong	−0.0064%	1h	157.56	long leg	$552K	$358K	50x
edgeX USDJPYUSDC	−0.0052%	4h	157.58	+0.018%	$5K	$134K	50x	as long as short
Nado USDJPY-PERP	−0.0018%	1h	157.78	+0.143%	$98K	$7K	40x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	157.27	−0.181%	$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	+0.111%	$25K	$52K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	157.57	+0.010%	—	$2.4M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	157.63	+0.048%	$9K	$316K	20x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	157.50	−0.033%	$25K	$500	10x	as long as short
Injective USDJPY/USDC PERPshort	+0.0148%	1h	157.79	+0.149%	$44K	$72K	101x