Funding you earn now, next payment 10:00 UTC−0.0018%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Hotstuff against Ondo Perps+0.044%55s7-day average — · you sell dearer than you buy
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 airdropOndo Perps: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.044% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.3 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps USDJPY-USD.P | 156.98 | −0.0038 | get 0.0005% / 1h | 19m 41s | $35K | $4K | 10x |
| Short | Hotstuff USDJPY-PERP | 157.05 | −0.0056 | pay 0.0007% / 1h | 19m 41s | $33K | — | 50x |
Ondo Perps USDJPY-USD.P
Hotstuff USDJPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.7
- Price spread: +0.044% → 0.000%
- $4.4
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$9.3
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Ondo Perps 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 | +0.069% | $573K | $104K | 100x | as long as short |
| tradeXYZ xyz:JPY | −0.0244% | 1h | 157.04 | +0.038% | $29.7M | $3.3M | 50x | as long as short |
| edgeX USDJPYUSDC | −0.0170% | 4h | 157.06 | +0.053% | $5K | $134K | 50x | as long as short |
| Hotstuff USDJPY-PERPshort | −0.0056% | 1h | 157.05 | +0.044% | $33K | — | 50x | |
| Lighter USDJPY | −0.0040% | 1h | 156.98 | −0.001% | $550K | $348K | 50x | as long as short |
| Ondo Perps USDJPY-USD.Plong | −0.0038% | 1h | 156.98 | long leg | $35K | $4K | 10x | |
| Extended USDJPY-USD | −0.0032% | 1h | 157.12 | +0.088% | $847K | $93K | 25x | as long as short |
| Nado USDJPY-PERP | −0.0016% | 1h | 157.19 | +0.134% | $98K | $1K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 157.04 | +0.038% | $291K | $124K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.14 | +0.101% | $25K | $21K | 50x | as long as short |
Bitget USDJPYUSDT
tradeXYZ xyz:JPY
edgeX USDJPYUSDC
Lighter USDJPY
Extended USDJPY-USD
Nado USDJPY-PERP
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDCShow 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 | +0.038% | — | $1.8M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 156.87 | −0.071% | $9K | $310K | 20x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.06 | +0.050% | $94K | $34K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.94 | −0.023% | $25K | — | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0159% | 1h | 157.30 | +0.201% | $25K | $87K | 101x | as long as short |
SunX USDJPY-USDT
HTX USDJPY-USDT
Pacifica USDJPY
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP