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

USDJPY

RWAall USDJPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0162%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h +0.007%
Price spread now: SunX against Pacifica+0.085%7-day average · you sell dearer than you buy
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+0.163%+$16 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and SunX is 0.085% dearer against Pacifica than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica USDJPY157.45−0.0162get 0.0020% / 1h22m 59s$95K$63K50x
ShortSunX USDJPY-USDT157.580get 0.0000% / 1h22m 59s$2.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Pacifica. 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
$33.99
Price spread: +0.085% → 0.000%
$8.51
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
$26.49
Costs to cover
0.160%
Break-even
1.5 days
Slippage unknown: Pacifica: no order-book sample; SunX: live order book, 4 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 Pacifica no order-book sample
Sell SunX live order book, 4 min ago80.27 bp99.1 bp −$99doesn't fitdoesn't fitdoesn't fit
Pacifica: 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−0.0393%8h157.43−0.010%$574K$134K100xas long as short
tradeXYZ xyz:JPY−0.0357%1h157.59+0.091%$29.4M$3.0M50xas long as short
Hotstuff USDJPY-PERP−0.0176%1h157.61+0.104%$33K50xas long as short
Pacifica USDJPYlong−0.0162%1h157.45long leg$95K$63K50x
Ondo Perps USDJPY-USD.P−0.0144%1h157.56+0.072%$35K$4K10xas long as short
Extended USDJPY-USD−0.0104%1h157.74+0.185%$842K$82K25xas long as short
Lighter USDJPY−0.0064%1h157.56+0.070%$552K$358K50xas long as short
edgeX USDJPYUSDC−0.0052%4h157.58+0.088%$5K$134K50xas long as short
Nado USDJPY-PERP−0.0018%1h157.79+0.217%$98K$7K40xas long as short
Bybit USDJPYUSDT0.0000%8h157.27−0.110%$282K$142K100xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_USDJPY_USDC0.0000%8h157.73+0.180%$25K$52K50xas long as short
SunX USDJPY-USDTshort0.0000%1h157.58+0.085%$2.4M10x
HTX USDJPY-USDT0.0000%1h157.63+0.117%$9K$316K20xas long as short
Aevo USDJPY-PERP+0.0104%1h157.51+0.038%$25K$50010xas long as short
Injective USDJPY/USDC PERP+0.0148%1h157.79+0.218%$44K$72K101xas long as short