Funding you earn now, next payment 10:00 UTC−0.0155%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.052%
Price spread now: tradeXYZ against Nado−0.100%7-day average — · you buy dearer than you sell
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
=Together, before fees—+ Points / potential airdropNado: Active · tradeXYZ: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and tradeXYZ is 0.100% cheaper against Nado than usual: you would sell low and buy high (−$10 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 | 157.30 | −0.0019 | get 0.0002% / 1h | 53m 58s | $98K | $1K | 40x |
| Short | tradeXYZ xyz:JPY | 157.14 | −0.0173 | pay 0.0022% / 1h | 53m 58s | $29.4M | $3.5M | 50x |
Nado USDJPY-PERP
tradeXYZ xyz:JPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Nado. 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
- −$32.51
- Price spread: −0.100% → 0.000%
- −$9.99
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 0.7 bp × 2 orders
- −$1.4
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$61.9
- Costs to cover
- 0.194%
- Break-even
- never at this rate
Slippage unknown: Nado: no order-book sample; tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago | 0.64 bp | 9.6 bp −$10 | 16.0 bp −$160 | 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 | −0.0623% | 8h | 157.24 | −0.036% | $574K | $108K | 100x | as long as short |
| edgeX USDJPYUSDC | −0.0179% | 4h | 157.08 | −0.135% | $5K | $134K | 50x | as long as short |
| tradeXYZ xyz:JPYshort | −0.0173% | 1h | 157.14 | −0.100% | $29.4M | $3.5M | 50x | |
| Lighter USDJPY | −0.0104% | 1h | 157.07 | −0.144% | $552K | $339K | 50x | as long as short |
| Extended USDJPY-USD | −0.0032% | 1h | 157.24 | −0.033% | $847K | $93K | 25x | as long as short |
| Nado USDJPY-PERPlong | −0.0019% | 1h | 157.30 | long leg | $98K | $1K | 40x | |
| Bybit USDJPYUSDT | 0.0000% | 8h | 156.98 | −0.199% | $282K | $129K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.25 | −0.030% | $25K | $52K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.07 | −0.144% | — | $2.0M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 156.99 | −0.195% | $9K | $312K | 20x | as long as short |
Bitget USDJPYUSDT
edgeX USDJPYUSDC
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 | −0.165% | $35K | $4K | 10x | as long as short |
| Hotstuff USDJPY-PERP | +0.0064% | 1h | 157.15 | −0.094% | $33K | — | 50x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.08 | −0.140% | $94K | $34K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.99 | −0.194% | $25K | — | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0159% | 1h | 157.12 | −0.113% | $44K | $78K | 101x | as long as short |
Ondo Perps USDJPY-USD.P
Hotstuff USDJPY-PERP
Pacifica USDJPY
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP