USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0204%/8h= −22.3% APRnext payment −$0.25 per $10,000 · paid last 24h −0.053%

Price spread now: tradeXYZ against Ondo Perps+0.057%53s7-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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. tradeXYZ is 0.057% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 23 hours. The two prices were read 53 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	156.89	−0.0010	get 0.0001% / 1h	9m 50s	$35K	$4K	10x
Short	tradeXYZ xyz:JPY	156.98	−0.0214	pay 0.0027% / 1h	9m 50s	$29.7M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$42.82
Price spread: +0.057% → 0.000%: $5.74
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$60.09
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	0.32 bp	12.1 bp −$12	17.3 bp −$173	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 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	−0.0479%	8h	157.00	+0.070%	$573K	$104K	100x	as long as short
tradeXYZ xyz:JPYshort	−0.0214%	1h	156.98	+0.057%	$29.7M	$3.3M	50x
Hotstuff USDJPY-PERP	−0.0128%	1h	156.98	+0.057%	$33K	—	50x	as long as short
edgeX USDJPYUSDC	−0.0060%	4h	157.04	+0.093%	$5K	$135K	50x	as long as short
Lighter USDJPY	−0.0032%	1h	156.90	+0.006%	$550K	$348K	50x	as long as short
Nado USDJPY-PERP	−0.0016%	1h	157.08	+0.123%	$98K	$1K	40x	as long as short
Extended USDJPY-USD	−0.0016%	1h	157.03	+0.090%	$847K	$93K	25x	as long as short
Ondo Perps USDJPY-USD.Plong	−0.0010%	1h	156.89	long leg	$35K	$4K	10x
Bybit USDJPYUSDT	0.0000%	8h	156.90	+0.004%	$291K	$122K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.05	+0.102%	$25K	$21K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX USDJPY-USDT	0.0000%	1h	156.97	+0.051%	—	$1.8M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	157.03	+0.089%	$9K	$309K	20x	as long as short
Pacifica USDJPY	+0.0100%	1h	156.89	−0.001%	$94K	$34K	50x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	156.85	−0.025%	$25K	—	10x	as long as short
Injective USDJPY/USDC PERP	+0.0159%	1h	157.30	+0.259%	$25K	$87K	101x	as long as short