USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0040%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h −0.002%

Price spread now: Hotstuff against Nado−0.076%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.076% cheaper against Nado than usual: you would sell low and buy high (−$8 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	Nado USDJPY-PERP	157.17	−0.0016	get 0.0002% / 1h	19m 29s	$98K	$1K	40x
Short	Hotstuff USDJPY-PERP	157.05	−0.0056	pay 0.0007% / 1h	19m 29s	$33K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Nado. 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 NadobpFee HotstuffbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$8.3
Price spread: −0.076% → 0.000%: −$7.55
Slippage, 4 orders: no order book: not counted
Fee Nado: 0.7 bp × 2 orders: −$1.4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$22.25
Costs to cover: 0.064%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Hotstuff: 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 Nado no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Nado and Hotstuff: 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
Bitget USDJPYUSDT	−0.0506%	8h	157.09	−0.050%	$573K	$104K	100x	as long as short
tradeXYZ xyz:JPY	−0.0244%	1h	157.04	−0.082%	$29.7M	$3.3M	50x	as long as short
edgeX USDJPYUSDC	−0.0102%	4h	157.05	−0.076%	$5K	$135K	50x	as long as short
Hotstuff USDJPY-PERPshort	−0.0056%	1h	157.05	−0.076%	$33K	—	50x
Lighter USDJPY	−0.0040%	1h	156.98	−0.121%	$550K	$348K	50x	as long as short
Ondo Perps USDJPY-USD.P	−0.0038%	1h	156.98	−0.119%	$35K	$4K	10x	as long as short
Extended USDJPY-USD	−0.0032%	1h	157.12	−0.032%	$847K	$93K	25x	as long as short
Nado USDJPY-PERPlong	−0.0016%	1h	157.17	long leg	$98K	$1K	40x
Bybit USDJPYUSDT	0.0000%	8h	157.04	−0.082%	$291K	$124K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.14	−0.018%	$25K	$21K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX USDJPY-USDT	0.0000%	1h	157.04	−0.082%	—	$1.8M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	156.87	−0.190%	$9K	$310K	20x	as long as short
Pacifica USDJPY	+0.0100%	1h	157.06	−0.069%	$94K	$34K	50x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	156.94	−0.143%	$25K	—	10x	as long as short
Injective USDJPY/USDC PERP	+0.0159%	1h	157.30	+0.082%	$25K	$87K	101x	as long as short