Funding you earn now, next payment 10:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h +0.101%
Price spread now: Injective against tradeXYZ+0.031%94s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.308%+$31 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Injective is 0.031% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 94 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 | 157.07 | −0.0128 | get 0.0016% / 1h | 57m 29s | $29.4M | $3.5M | 50x |
| Short | Injective USDJPY/USDC PERP | 157.12 | 0.0159 | get 0.0020% / 1h | 57m 29s | $44K | $78K | 101x |
tradeXYZ xyz:JPY
Injective USDJPY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $60.39
- Price spread: +0.031% → 0.000%
- $3.12
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $45.49
- Costs to cover
- 0.180%
- Break-even
- 1.7 days
Slippage unknown: tradeXYZ: live order book, 12 min ago; Injective: 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 tradeXYZ live order book, 12 min ago | 1.27 bp | 10.8 bp −$11 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0633% | 8h | 157.15 | +0.051% | $574K | $110K | 100x | as long as short |
| tradeXYZ xyz:JPYlong | −0.0128% | 1h | 157.07 | long leg | $29.4M | $3.5M | 50x | |
| Lighter USDJPY | −0.0096% | 1h | 157.00 | −0.043% | $551K | $339K | 50x | as long as short |
| Extended USDJPY-USD | −0.0040% | 1h | 157.18 | +0.070% | $847K | $93K | 25x | as long as short |
| edgeX USDJPYUSDC | −0.0023% | 4h | 157.04 | −0.022% | $5K | $134K | 50x | as long as short |
| Nado USDJPY-PERP | −0.0014% | 1h | 157.22 | +0.093% | $98K | $1K | 40x | as long as short |
| Bybit USDJPYUSDT | 0.0000% | 8h | 156.98 | −0.055% | $282K | $130K | 100x | as long as short |
| Orderly PERP_USDJPY_USDC | 0.0000% | 8h | 157.17 | +0.064% | $25K | $52K | 50x | as long as short |
| SunX USDJPY-USDT | 0.0000% | 1h | 157.08 | +0.006% | — | $2.1M | 10x | as long as short |
| HTX USDJPY-USDT | 0.0000% | 1h | 157.06 | −0.006% | $9K | $312K | 20x | as long as short |
Bitget USDJPYUSDT
Lighter USDJPY
Extended USDJPY-USD
edgeX USDJPYUSDC
Nado USDJPY-PERP
Bybit USDJPYUSDT
Orderly PERP_USDJPY_USDC
SunX USDJPY-USDT
HTX USDJPY-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff USDJPY-PERP | +0.0048% | 1h | 157.09 | +0.013% | $33K | — | 50x | as long as short |
| Ondo Perps USDJPY-USD.P | +0.0050% | 1h | 157.04 | −0.020% | $35K | $4K | 10x | as long as short |
| Pacifica USDJPY | +0.0100% | 1h | 157.04 | −0.022% | $94K | $34K | 50x | as long as short |
| Aevo USDJPY-PERP | +0.0104% | 1h | 156.94 | −0.085% | $25K | — | 10x | as long as short |
| Injective USDJPY/USDC PERPshort | +0.0159% | 1h | 157.12 | +0.031% | $44K | $78K | 101x |
Hotstuff USDJPY-PERP
Ondo Perps USDJPY-USD.P
Pacifica USDJPY
Aevo USDJPY-PERP