Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Orderly−0.140%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.975%+$98 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.140% cheaper against Orderly than usual: you would sell low and buy high, −$14 on $10k if it 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 | Orderly PERP_USDJPY_USDC | 157.04 | 0 | get 0.0000% / 8h | 7h 03m | $25K | $52K | 50x |
| Short | Bybit USDJPYUSDT | 156.82 | 0 | get 0.0000% / 8h | 7h 03m | $282K | $131K | 100x |
Orderly PERP_USDJPY_USDC
Bybit USDJPYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.140% → 0.000%
- −$14.01
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$31.01
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: 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 Bybit live order book, 12 min ago | 0.16 bp | 71.9 bp −$72 | 249.0 bp −$2,490 | 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 USDJPYUSDT | −0.0654% | 8h | 157.01 | −0.019% | $573K | $120K | 100x | as long as short |
| edgeX USDJPYUSDC | −0.0169% | 4h | 156.82 | −0.137% | $5K | $135K | 50x | as long as short |
| tradeXYZ xyz:JPY | −0.0102% | 1h | 156.98 | −0.038% | $29.4M | $3.5M | 50x | as long as short |
| Lighter USDJPY | −0.0056% | 1h | 156.89 | −0.096% | $551K | $360K | 50x | as long as short |
| Extended USDJPY-USD | −0.0040% | 1h | 157.04 | +0.002% | $847K | $93K | 25x | as long as short |
| Pacifica USDJPY | −0.0014% | 1h | 156.92 | −0.076% | $94K | $34K | 50x | as long as short |
| Nado USDJPY-PERP | −0.0013% | 1h | 157.10 | +0.039% | $98K | $1K | 40x | as long as short |
| Bybit USDJPYUSDTshort | 0.0000% | 8h | 156.82 | −0.140% | $282K | $131K | 100x | |
| Orderly PERP_USDJPY_USDClong | 0.0000% | 8h | 157.04 | long leg | $25K | $52K | 50x | |
| SunX USDJPY-USDT | 0.0000% | 1h | 156.94 | −0.064% | — | $2.1M | 10x | as long as short |
Bitget USDJPYUSDT
edgeX USDJPYUSDC
tradeXYZ xyz:JPY
Lighter USDJPY
Extended USDJPY-USD
Pacifica USDJPY
Nado USDJPY-PERP
SunX USDJPY-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX USDJPY-USDT | 0.0000% | 1h | 156.97 | −0.045% | $9K | $313K | 20x | as long as short |
| Hotstuff USDJPY-PERP | +0.0048% | 1h | 156.98 | −0.038% | $33K | — | 50x | as long as short |
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 156.96 | −0.050% | $35K | $4K | 10x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.81 | −0.148% | $25K | — | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0136% | 1h | 157.20 | +0.104% | $44K | $78K | 101x | as long as short |
HTX USDJPY-USDT
Hotstuff USDJPY-PERP
Ondo Perps USDJPY-USD.P
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP