USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.047%

Price spread now: Injective against Ondo Perps+0.082%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Injective

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.082% dearer against Ondo Perps than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps USDJPY-USD.P	156.95	0.0050	pay 0.0006% / 1h	47m 47s	$35K	$4K	10x
Short	Injective USDJPY/USDC PERP	157.08	0.0143	get 0.0018% / 1h	47m 47s	$25K	$87K	101x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.082%Rate

Funding earned: $19.39
Price spread: +0.082% → 0.000%: $8.16
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $22.53
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Ondo Perps and Injective: 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
Extended USDJPY-USD	−0.0272%	1h	157.12	+0.109%	$849K	$89K	25x	as long as short
Bitget USDJPYUSDT	−0.0270%	8h	157.13	+0.113%	$573K	$107K	100x	as long as short
Lighter USDJPY	−0.0208%	1h	156.95	−0.002%	$601K	$386K	50x	as long as short
tradeXYZ xyz:JPY	−0.0106%	1h	157.07	+0.075%	$29.7M	$3.3M	50x	as long as short
edgeX USDJPYUSDC	−0.0038%	4h	157.04	+0.055%	$8K	$138K	50x	as long as short
Nado USDJPY-PERP	−0.0015%	1h	157.18	+0.147%	$98K	$1K	40x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	156.84	−0.069%	$291K	$123K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.13	+0.113%	$24K	$21K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	157.05	+0.062%	—	$1.6M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	157.07	+0.075%	$9K	$308K	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps USDJPY-USD.Plong	+0.0050%	1h	156.95	long leg	$35K	$4K	10x
Hotstuff USDJPY-PERP	+0.0072%	1h	157.07	+0.075%	$33K	—	50x	as long as short
Pacifica USDJPY	+0.0100%	1h	157.01	+0.036%	$94K	$24K	50x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	156.83	−0.076%	$25K	$500	10x	as long as short
Injective USDJPY/USDC PERPshort	+0.0143%	1h	157.08	+0.082%	$25K	$87K	101x