USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%

Price spread now: SunX 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 SunX

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. SunX is 0.076% cheaper against Nado than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 14 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado USDJPY-PERP	157.74	−0.0018	get 0.0002% / 1h	16m 53s	$98K	$7K	40x
Short	SunX USDJPY-USDT	157.62	0	get 0.0000% / 1h	16m 53s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $3.8
Price spread: −0.076% → 0.000%: −$7.61
Slippage, 4 orders: no order book: not counted
Fee Nado: 0.7 bp × 2 orders: −$1.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.21
Costs to cover: 0.094%
Break-even: 31.4 days

Slippage unknown: Nado: no order-book sample; SunX: live order book, 10 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 Nado no order-book sample	—	—	—	—	—
Sell SunX live order book, 10 min ago	80.27 bp	99.1 bp −$99	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USDJPYUSDT	−0.0428%	8h	157.43	−0.197%	$574K	$134K	100x	as long as short
tradeXYZ xyz:JPY	−0.0335%	1h	157.61	−0.082%	$29.4M	$3.0M	50x	as long as short
Pacifica USDJPY	−0.0162%	1h	157.57	−0.110%	$95K	$58K	50x	as long as short
Hotstuff USDJPY-PERP	−0.0160%	1h	157.63	−0.070%	$33K	—	50x	as long as short
Ondo Perps USDJPY-USD.P	−0.0117%	1h	157.55	−0.123%	$35K	$4K	10x	as long as short
Extended USDJPY-USD	−0.0080%	1h	157.70	−0.025%	$842K	$82K	25x	as long as short
Lighter USDJPY	−0.0064%	1h	157.54	−0.127%	$553K	$366K	50x	as long as short
edgeX USDJPYUSDC	−0.0049%	4h	157.62	−0.075%	$5K	$135K	50x	as long as short
Nado USDJPY-PERPlong	−0.0018%	1h	157.74	long leg	$98K	$7K	40x
Bybit USDJPYUSDT	0.0000%	8h	157.46	−0.178%	$292K	$153K	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	157.70	−0.025%	$25K	$52K	50x	as long as short
SunX USDJPY-USDTshort	0.0000%	1h	157.62	−0.076%	—	$2.4M	10x
HTX USDJPY-USDT	0.0000%	1h	157.61	−0.082%	$9K	$316K	20x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	157.49	−0.160%	$25K	$500	10x	as long as short
Injective USDJPY/USDC PERP	+0.0148%	1h	157.79	+0.032%	$44K	$72K	101x	as long as short