Settings8H · net · $10k
Funding arb · Price arb /

USDJPY

RWAall USDJPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0243%/8h= +26.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.034%
Price spread now: Aevo against Ondo Perps−0.033%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Aevo is 0.033% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps USDJPY-USD.P157.56−0.0139get 0.0017% / 1h20m 58s$35K$4K10x
ShortAevo USDJPY-PERP157.510.0104get 0.0013% / 1h20m 58s$25K$50010x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Ondo Perps. 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
$51.07
Price spread: −0.033% → 0.000%
−$3.32
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
$26.75
Costs to cover
0.210%
Break-even
3.3 days
Slippage unknown: Ondo Perps: no order-book sample; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Aevo no order-book sample
Ondo Perps and Aevo: 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−0.0405%8h157.43−0.083%$574K$134K100xas long as short
tradeXYZ xyz:JPY−0.0355%1h157.60+0.025%$29.4M$3.0M50xas long as short
Hotstuff USDJPY-PERP−0.0176%1h157.60+0.025%$33K50xas long as short
Pacifica USDJPY−0.0162%1h157.44−0.073%$95K$63K50xas long as short
Ondo Perps USDJPY-USD.Plong−0.0139%1h157.56long leg$35K$4K10x
Extended USDJPY-USD−0.0104%1h157.74+0.115%$842K$82K25xas long as short
Lighter USDJPY−0.0064%1h157.56−0.003%$552K$358K50xas long as short
edgeX USDJPYUSDC−0.0031%4h157.58+0.016%$5K$135K50xas long as short
Nado USDJPY-PERP−0.0018%1h157.78+0.138%$98K$7K40xas long as short
Bybit USDJPYUSDT0.0000%8h157.27−0.184%$282K$145K100xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_USDJPY_USDC0.0000%8h157.73+0.108%$25K$52K50xas long as short
SunX USDJPY-USDT0.0000%1h157.62+0.038%$2.4M10xas long as short
HTX USDJPY-USDT0.0000%1h157.65+0.057%$9K$316K20xas long as short
Aevo USDJPY-PERPshort+0.0104%1h157.51−0.033%$25K$50010x
Injective USDJPY/USDC PERP+0.0148%1h157.79+0.146%$44K$72K101xas long as short