USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.002%

Price spread now: HTX against Ondo Perps−0.041%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 6 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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.041% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 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	Ondo Perps USDJPY-USD.P	157.46	0.0050	pay 0.0006% / 1h	19m 04s	$35K	$4K	10x
Short	HTX USDJPY-USDT	157.40	0	get 0.0000% / 1h	19m 04s	$9K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee HTXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$10.58
Price spread: −0.041% → 0.000%: −$4.06
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$31.65
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 13 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 13 min ago	12.38 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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	−0.0706%	8h	157.43	−0.022%	$574K	$120K	100x	as long as short
edgeX USDJPYUSDC	−0.0123%	4h	157.56	+0.062%	$5K	$135K	50x	as long as short
tradeXYZ xyz:JPY	−0.0092%	1h	157.49	+0.017%	$29.5M	$3.2M	50x	as long as short
Lighter USDJPY	−0.0048%	1h	157.39	−0.049%	$552K	$356K	50x	as long as short
Pacifica USDJPY	−0.0014%	1h	157.50	+0.023%	$95K	$34K	50x	as long as short
Nado USDJPY-PERP	−0.0011%	1h	157.60	+0.086%	$98K	$1K	40x	as long as short
Extended USDJPY-USD	−0.0008%	1h	157.54	+0.047%	$843K	$84K	25x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	157.50	+0.024%	$290K	$126K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.52	+0.036%	$25K	$52K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	157.46	−0.003%	—	$2.1M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX USDJPY-USDTshort	0.0000%	1h	157.40	−0.041%	$9K	$313K	20x
Hotstuff USDJPY-PERP	+0.0040%	1h	157.56	+0.061%	$33K	—	50x	as long as short
Ondo Perps USDJPY-USD.Plong	+0.0050%	1h	157.46	long leg	$35K	$4K	10x
Aevo USDJPY-PERP	+0.0104%	1h	157.34	−0.081%	$25K	—	10x	as long as short
Injective USDJPY/USDC PERP	+0.0136%	1h	157.68	+0.134%	$44K	$72K	101x	as long as short