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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against SunX−0.051%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$307as in the Price arb table
costs, in and out, $10k−$3023.021% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.051%, 7d avg −0.002%
Together, before fees+0.044%+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.049% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX USDJPY-USDT157.620get 0.0000% / 1h28m 24s$2.3M10x
ShortHTX USDJPY-USDT157.540get 0.0000% / 1h28m 24s$9K$314K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$0
Price spread: −0.051% → −0.002%
−$4.87
Slippage, 4 orders
−$282.1
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$306.97
Costs to cover
3.021%
Break-even
never at this rate
Slippage from SunX: live order book, 8 min ago; HTX: live order book, 4 min ago.

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, 8 min ago81.20 bp99.2 bp −$99doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 4 min ago12.38 bp47.9 bp −$48doesn't fitdoesn't fitdoesn't fit

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−0.0678%8h157.43−0.121%$574K$135K100xas long as short
edgeX USDJPYUSDC−0.0198%4h157.60−0.011%$5K$135K50xas long as short
tradeXYZ xyz:JPY−0.0091%1h157.65+0.019%$29.5M$3.2M50xas long as short
Lighter USDJPY−0.0048%1h157.55−0.042%$553K$356K50xas long as short
Pacifica USDJPY−0.0014%1h157.63+0.006%$95K$40K50xas long as short
Nado USDJPY-PERP−0.0009%1h157.76+0.092%$98K$1K40xas long as short
Bybit USDJPYUSDT0.0000%8h157.54−0.052%$291K$128K100xas long as short
Orderly PERP_USDJPY_USDC0.0000%8h157.70+0.051%$25K$52K50xas long as short
SunX USDJPY-USDTlong0.0000%1h157.62long leg$2.3M10x
HTX USDJPY-USDTshort0.0000%1h157.54−0.051%$9K$314K20x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended USDJPY-USD+0.0032%1h157.72+0.066%$843K$82K25xas long as short
Hotstuff USDJPY-PERP+0.0048%1h157.65+0.019%$33K50xas long as short
Ondo Perps USDJPY-USD.P+0.0050%1h157.53−0.055%$35K$4K10xas long as short
Aevo USDJPY-PERP+0.0104%1h157.48−0.091%$25K10xas long as short
Injective USDJPY/USDC PERP+0.0136%1h157.80+0.112%$44K$72K101xas long as short