Funding you earn now, next payment 09:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.055%
Price spread now: HTX against tradeXYZ+0.025%49s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1241.244% of the position
Funding, last 7 days+0.232%+$23 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.025%, 7d avg −0.005%
=Together, before fees+0.245%+ Points / potential airdroptradeXYZ: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.030% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.005%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:JPY | 157.63 | −0.0088 | get 0.0011% / 1h | 34m 22s | $29.5M | $3.2M | 50x |
| Short | HTX USDJPY-USDT | 157.67 | 0 | get 0.0000% / 1h | 34m 22s | $9K | $314K | 20x |
tradeXYZ xyz:JPY
HTX USDJPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against tradeXYZ. 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
- $18.51
- Price spread: +0.025% → −0.005%
- $3
- Slippage, 4 orders
- −$94.43
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$102.92
- Costs to cover
- 1.244%
- Break-even
- 45.9 days
Slippage from tradeXYZ: live order book, 4 min ago; HTX: live order book, 63 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 tradeXYZ live order book, 4 min ago | 0.95 bp | 10.9 bp −$11 | 12.8 bp −$128 | 14.2 bp −$1,418 | doesn't fit |
| Sell HTX live order book, 63 min ago | 13.33 bp | 50.3 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0654% | 8h | 157.43 | −0.127% | $574K | $135K | 100x | as long as short |
| edgeX USDJPYUSDC | −0.0134% | 4h | 157.65 | +0.011% | $5K | $134K | 50x | as long as short |
| tradeXYZ xyz:JPYlong | −0.0088% | 1h | 157.63 | long leg | $29.5M | $3.2M | 50x | |
| Lighter USDJPY | −0.0040% | 1h | 157.54 | −0.056% | $553K | $356K | 50x | as long as short |
| Nado USDJPY-PERP | −0.0017% | 1h | 157.73 | +0.063% | $98K | $1K | 40x | as long as short |
| Pacifica USDJPY | −0.0014% | 1h | 157.63 | 0.000% | $95K | $59K | 50x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 157.54 | −0.058% | $291K | $129K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.67 | +0.025% | $25K | $52K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.61 | −0.013% | — | $2.3M | 10x | as long as short |
| HTX USDJPY-USDTshort | 0.0000% | 1h | 157.67 | +0.025% | $9K | $314K | 20x |
Bitget USDJPYUSDT
edgeX USDJPYUSDC
Lighter USDJPY
Nado USDJPY-PERP
Pacifica USDJPY
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended USDJPY-USD | +0.0032% | 1h | 157.69 | +0.036% | $843K | $82K | 25x | as long as short |
| Hotstuff USDJPY-PERP | +0.0040% | 1h | 157.64 | +0.006% | $33K | — | 50x | as long as short |
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.57 | −0.035% | $35K | $4K | 10x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 157.48 | −0.094% | $25K | — | 10x | as long as short |
| Injective USDJPY/USDC PERP | +0.0136% | 1h | 157.80 | +0.105% | $44K | $72K | 101x | as long as short |
Extended USDJPY-USD
Hotstuff USDJPY-PERP
Ondo Perps USDJPY-USD.P
Aevo USDJPY-PERP
Injective USDJPY/USDC PERP