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Funding arb · Price arb /

USDJPY

RWAall USDJPY markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%
Price spread now: HTX against Nado−0.083%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on NadoShort on HTX
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 · farm boardneeds both histories
Funding pays, the price is against you. HTX is 0.083% cheaper against Nado than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 15 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado USDJPY-PERP157.74−0.0018get 0.0002% / 1h16m 22s$98K$7K40x
ShortHTX USDJPY-USDT157.610get 0.0000% / 1h16m 22s$9K$316K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
$3.73
Price spread: −0.083% → 0.000%
−$8.26
Slippage, 4 orders
no order book: not counted
Fee Nado: 0.7 bp × 2 orders
−$1.4
Fee HTX: 6 bp × 2 orders
−$12
Net
−$17.93
Costs to cover
0.134%
Break-even
40.6 days
Slippage unknown: Nado: no order-book sample; HTX: live order book, 21 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 Nado no order-book sample—————
Sell HTX live order book, 21 min ago13.33 bp50.3 bp −$50doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USDJPYUSDT−0.0433%8h157.43−0.197%$574K$134K100xas long as short
tradeXYZ xyz:JPY−0.0331%1h157.62−0.076%$29.4M$3.0M50xas long as short
Pacifica USDJPY−0.0162%1h157.53−0.136%$95K$58K50xas long as short
Hotstuff USDJPY-PERP−0.0136%1h157.61−0.083%$33K—50xas long as short
Ondo Perps USDJPY-USD.P−0.0112%1h157.55−0.123%$35K$4K10xas long as short
Extended USDJPY-USD−0.0072%1h157.72−0.015%$842K$82K25xas long as short
Lighter USDJPY−0.0064%1h157.54−0.126%$553K$366K50xas long as short
edgeX USDJPYUSDC−0.0049%4h157.62−0.075%$5K$135K50xas long as short
Nado USDJPY-PERPlong−0.0018%1h157.74long leg$98K$7K40x
Bybit USDJPYUSDT0.0000%8h157.52−0.142%$292K$153K100xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_USDJPY_USDC0.0000%8h157.70−0.025%$25K$52K50xas long as short
SunX USDJPY-USDT0.0000%1h157.62−0.076%—$2.4M10xas long as short
HTX USDJPY-USDTshort0.0000%1h157.61−0.083%$9K$316K20x
Aevo USDJPY-PERP+0.0104%1h157.51−0.146%$25K$50010xas long as short
Injective USDJPY/USDC PERP+0.0148%1h157.79+0.032%$44K$72K101xas long as short