Funding you earn now, next payment 12:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h −0.054%
Price spread now: tradeXYZ against SunX+0.013%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as in the Price arb table
costs, in and out, $10k−$2192.195% of the position
Funding, last 7 days−0.237%−$24 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.013%, 7d avg +0.002%
=Together, before fees−0.259%+ Points / potential airdroptradeXYZ: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX USDJPY-USDT | 157.09 | 0 | get 0.0000% / 1h | 44m 42s | — | $1.6M | 10x |
| Short | tradeXYZ xyz:JPY | 157.11 | −0.0115 | pay 0.0014% / 1h | 44m 42s | $29.7M | $3.3M | 50x |
SunX USDJPY-USDT
tradeXYZ xyz:JPYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$24.07
- Price spread: +0.013% → +0.002%
- $1.03
- Slippage, 4 orders
- −$193.47
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$242.51
- Costs to cover
- 2.195%
- Break-even
- never at this rate
Slippage from SunX: live order book, 4 min ago; tradeXYZ: live order book, 8 min ago.
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, 4 min ago | 79.91 bp | 98.3 bp −$98 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 1.27 bp | 11.3 bp −$11 | 16.6 bp −$166 | doesn't fit | doesn't fit |
USDJPY on 15 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended USDJPY-USD | −0.0272% | 1h | 157.18 | +0.060% | $849K | $89K | 25x | as long as short |
| Bitget USDJPYUSDT | −0.0262% | 8h | 157.16 | +0.045% | $574K | $107K | 100x | as long as short |
| Lighter USDJPY | −0.0216% | 1h | 156.97 | −0.074% | $603K | $388K | 50x | as long as short |
| tradeXYZ xyz:JPYshort | −0.0115% | 1h | 157.11 | +0.013% | $29.7M | $3.3M | 50x | |
| edgeX USDJPYUSDC | −0.0025% | 4h | 157.05 | −0.028% | $8K | $138K | 50x | as long as short |
| Nado USDJPY-PERP | −0.0017% | 1h | 157.23 | +0.088% | $98K | $1K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 156.89 | −0.129% | $291K | $123K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.17 | +0.051% | $24K | $21K | 50x | as long as short |
| SunX USDJPY-USDTlong | 0.0000% | 1h | 157.09 | long leg | — | $1.6M | 10x | |
| HTX USDJPY-USDT | 0.0000% | 1h | 156.94 | −0.095% | $9K | $308K | 20x | as long as short |
Extended USDJPY-USD
Bitget USDJPYUSDT
Lighter USDJPY
edgeX USDJPYUSDC
Nado USDJPY-PERP
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
HTX USDJPY-USDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.01 | −0.049% | $35K | $4K | 10x | as long as short |
| Hotstuff USDJPY-PERP | +0.0072% | 1h | 157.07 | −0.013% | $33K | — | 50x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.11 | +0.013% | $94K | $24K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.87 | −0.139% | $25K | $500 | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0143% | 1h | 157.08 | −0.006% | $25K | $87K | 101x | as long as short |
Ondo Perps USDJPY-USD.P
Hotstuff USDJPY-PERP
Pacifica USDJPY
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP