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−0.0176%/8h= −19.3% APRnext payment $0.22 per $10,000 · paid last 24h −0.007%
Price spread now: Hotstuff against SunX+0.019%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX USDJPY-USDT157.580get 0.0000% / 1h23m 34s$2.4M10x
ShortHotstuff USDJPY-PERP157.61−0.0176pay 0.0022% / 1h23m 34s$33K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against SunX. 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
−$36.96
Price spread: +0.019% → 0.000%
$1.9
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$48.06
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 3 min ago; Hotstuff: no order-book sample. 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 SunX live order book, 3 min ago80.27 bp98.1 bp −$98doesn't fitdoesn't fitdoesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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%8h157.43−0.095%$574K$134K100xas long as short
tradeXYZ xyz:JPY−0.0357%1h157.60+0.013%$29.4M$3.0M50xas long as short
Hotstuff USDJPY-PERPshort−0.0176%1h157.61+0.019%$33K50x
Pacifica USDJPY−0.0162%1h157.45−0.085%$95K$63K50xas long as short
Ondo Perps USDJPY-USD.P−0.0144%1h157.56−0.013%$35K$4K10xas long as short
Extended USDJPY-USD−0.0104%1h157.75+0.106%$842K$82K25xas long as short
Lighter USDJPY−0.0064%1h157.56−0.011%$552K$358K50xas long as short
edgeX USDJPYUSDC−0.0052%4h157.58+0.003%$5K$134K50xas long as short
Nado USDJPY-PERP−0.0018%1h157.78+0.124%$98K$7K40xas long as short
Bybit USDJPYUSDT0.0000%8h157.28−0.192%$282K$142K100xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_USDJPY_USDC0.0000%8h157.73+0.095%$25K$52K50xas long as short
SunX USDJPY-USDTlong0.0000%1h157.58long leg$2.4M10x
HTX USDJPY-USDT0.0000%1h157.63+0.032%$9K$316K20xas long as short
Aevo USDJPY-PERP+0.0104%1h157.50−0.052%$25K$50010xas long as short
Injective USDJPY/USDC PERP+0.0148%1h157.79+0.133%$44K$72K101xas long as short