Settings8H · net · $10k
Funding arb · Price arb /

USDJPY

RWAall USDJPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: HTX against Orderly−0.076%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.978%+$98 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.076% cheaper against Orderly than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_USDJPY_USDC157.520get 0.0000% / 8h7h 19m$25K$52K50x
ShortHTX USDJPY-USDT157.400get 0.0000% / 1h19m 06s$9K$313K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
$0
Price spread: −0.076% → 0.000%
−$7.62
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
−$25.62
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; HTX: live order book, 13 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell HTX live order book, 13 min ago12.38 bp47.9 bp −$48doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USDJPYUSDT−0.0706%8h157.43−0.057%$574K$120K100xas long as short
edgeX USDJPYUSDC−0.0123%4h157.56+0.026%$5K$135K50xas long as short
tradeXYZ xyz:JPY−0.0092%1h157.49−0.019%$29.5M$3.2M50xas long as short
Lighter USDJPY−0.0048%1h157.39−0.084%$552K$356K50xas long as short
Pacifica USDJPY−0.0014%1h157.50−0.013%$95K$34K50xas long as short
Nado USDJPY-PERP−0.0011%1h157.60+0.050%$98K$1K40xas long as short
Extended USDJPY-USD−0.0008%1h157.54+0.011%$843K$84K25xas long as short
Bybit USDJPYUSDT0.0000%8h157.50−0.011%$290K$126K100xas long as short
Orderly PERP_USDJPY_USDClong0.0000%8h157.52long leg$25K$52K50x
SunX USDJPY-USDT0.0000%1h157.46−0.038%$2.1M10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX USDJPY-USDTshort0.0000%1h157.40−0.076%$9K$313K20x
Hotstuff USDJPY-PERP+0.0040%1h157.56+0.025%$33K50xas long as short
Ondo Perps USDJPY-USD.P+0.0050%1h157.46−0.036%$35K$4K10xas long as short
Aevo USDJPY-PERP+0.0104%1h157.34−0.116%$25K10xas long as short
Injective USDJPY/USDC PERP+0.0136%1h157.68+0.098%$44K$72K101xas long as short