Funding you earn now, next payment 10:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h −0.004%
Price spread now: Nado against SunX+0.085%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.085% dearer against SunX 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).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX USDJPY-USDT | 157.08 | 0 | get 0.0000% / 1h | 59m 16s | — | $2.1M | 10x |
| Short | Nado USDJPY-PERP | 157.21 | 0.0045 | get 0.0006% / 1h | 59m 16s | $98K | $1K | 40x |
SunX USDJPY-USDT
Nado USDJPY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against SunX. 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
- $9.38
- Price spread: +0.085% → 0.000%
- $8.52
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Nado: 0.7 bp × 2 orders
- −$1.4
- Net
- $8.5
- Costs to cover
- 0.094%
- Break-even
- 0.7 days
Slippage unknown: SunX: live order book, 7 min ago; Nado: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy SunX live order book, 7 min ago | 81.31 bp | 99.5 bp −$100 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado no order-book sample | — | — | — | — | — |
Nado: 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 | −0.0640% | 8h | 157.13 | +0.032% | $573K | $110K | 100x | as long as short |
| tradeXYZ xyz:JPY | −0.0143% | 1h | 157.06 | −0.013% | $29.4M | $3.5M | 50x | as long as short |
| edgeX USDJPYUSDC | −0.0080% | 4h | 156.98 | −0.065% | $5K | $135K | 50x | as long as short |
| Lighter USDJPY | −0.0064% | 1h | 157.00 | −0.053% | $551K | $339K | 50x | as long as short |
| Extended USDJPY-USD | −0.0048% | 1h | 157.15 | +0.043% | $847K | $93K | 25x | as long as short |
| Pacifica USDJPY | −0.0014% | 1h | 156.93 | −0.097% | $94K | $34K | 50x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 156.81 | −0.173% | $282K | $130K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.14 | +0.038% | $25K | $52K | 50x | as long as short |
| SunX USDJPY-USDTlong | 0.0000% | 1h | 157.08 | long leg | — | $2.1M | 10x | |
| HTX USDJPY-USDT | 0.0000% | 1h | 156.99 | −0.057% | $9K | $312K | 20x | as long as short |
Bitget USDJPYUSDT
tradeXYZ xyz:JPY
edgeX USDJPYUSDC
Lighter USDJPY
Extended USDJPY-USD
Pacifica USDJPY
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
HTX USDJPY-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado USDJPY-PERPshort | +0.0045% | 1h | 157.21 | +0.085% | $98K | $1K | 40x | |
| Hotstuff USDJPY-PERP | +0.0048% | 1h | 157.06 | −0.013% | $33K | — | 50x | as long as short |
| Ondo Perps USDJPY-USD.P | +0.0049% | 1h | 156.92 | −0.101% | $35K | $4K | 10x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.93 | −0.098% | $25K | — | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0159% | 1h | 157.12 | +0.025% | $44K | $78K | 101x | as long as short |
Hotstuff USDJPY-PERP
Ondo Perps USDJPY-USD.P
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP