USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%

Price spread now: Nado against Ondo Perps+0.123%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 Nado

What this pair did over the last

the charts below follow

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 · Nado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.123% dearer against Ondo Perps than usual: you sell high and buy low: +$12 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	157.55	−0.0112	get 0.0014% / 1h	16m 27s	$35K	$4K	10x
Short	Nado USDJPY-PERP	157.74	−0.0018	pay 0.0002% / 1h	16m 27s	$98K	$7K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.123%Rate

Funding earned: $19.79
Price spread: +0.123% → 0.000%: $12.33
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Nado: 0.7 bp × 2 orders: −$1.4
Net: $25.72
Costs to cover: 0.064%
Break-even: from the start

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

Ondo Perps and 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	−0.0433%	8h	157.43	−0.074%	$574K	$134K	100x	as long as short
tradeXYZ xyz:JPY	−0.0331%	1h	157.62	+0.047%	$29.4M	$3.0M	50x	as long as short
Pacifica USDJPY	−0.0162%	1h	157.53	−0.012%	$95K	$58K	50x	as long as short
Hotstuff USDJPY-PERP	−0.0136%	1h	157.61	+0.041%	$33K	—	50x	as long as short
Ondo Perps USDJPY-USD.Plong	−0.0112%	1h	157.55	long leg	$35K	$4K	10x
Extended USDJPY-USD	−0.0072%	1h	157.72	+0.108%	$842K	$82K	25x	as long as short
Lighter USDJPY	−0.0064%	1h	157.54	−0.003%	$553K	$366K	50x	as long as short
edgeX USDJPYUSDC	−0.0049%	4h	157.62	+0.048%	$5K	$135K	50x	as long as short
Nado USDJPY-PERPshort	−0.0018%	1h	157.74	+0.123%	$98K	$7K	40x
Bybit USDJPYUSDT	0.0000%	8h	157.52	−0.019%	$292K	$153K	100x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.70	+0.098%	$25K	$52K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	157.62	+0.047%	—	$2.4M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	157.61	+0.041%	$9K	$316K	20x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	157.51	−0.023%	$25K	$500	10x	as long as short
Injective USDJPY/USDC PERP	+0.0148%	1h	157.79	+0.156%	$44K	$72K	101x	as long as short