USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0393%/8h= −43.0% APRnext payment −$3.93 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Orderly−0.190%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.895%+$90 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.190% cheaper against Orderly than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.895%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_USDJPY_USDC	157.73	0	get 0.0000% / 8h	23m 30s	$25K	$52K	50x
Short	Bitget USDJPYUSDT	157.43	−0.0393	pay 0.0393% / 8h	23m 30s	$574K	$134K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now −0.190%Rate

Funding earned: −$82.53
Price spread: −0.190% → 0.000%: −$19.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$119.55
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 12 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 12 min ago	0.32 bp	8.4 bp −$8	14.3 bp −$143	doesn't fit	doesn't fit

Orderly: 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 USDJPYUSDTshort	−0.0393%	8h	157.43	−0.190%	$574K	$134K	100x
tradeXYZ xyz:JPY	−0.0357%	1h	157.60	−0.082%	$29.4M	$3.0M	50x	as long as short
Hotstuff USDJPY-PERP	−0.0176%	1h	157.61	−0.076%	$33K	—	50x	as long as short
Pacifica USDJPY	−0.0162%	1h	157.45	−0.180%	$95K	$63K	50x	as long as short
Ondo Perps USDJPY-USD.P	−0.0144%	1h	157.56	−0.108%	$35K	$4K	10x	as long as short
Extended USDJPY-USD	−0.0104%	1h	157.75	+0.011%	$842K	$82K	25x	as long as short
Lighter USDJPY	−0.0064%	1h	157.56	−0.106%	$552K	$358K	50x	as long as short
edgeX USDJPYUSDC	−0.0052%	4h	157.58	−0.093%	$5K	$134K	50x	as long as short
Nado USDJPY-PERP	−0.0018%	1h	157.78	+0.029%	$98K	$7K	40x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	157.28	−0.287%	$282K	$142K	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_USDClong	0.0000%	8h	157.73	long leg	$25K	$52K	50x
SunX USDJPY-USDT	0.0000%	1h	157.58	−0.095%	—	$2.4M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	157.63	−0.063%	$9K	$316K	20x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	157.50	−0.147%	$25K	$500	10x	as long as short
Injective USDJPY/USDC PERP	+0.0148%	1h	157.79	+0.038%	$44K	$72K	101x	as long as short