USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.25 per $10,000 · paid last 24h +0.053%

Price spread now: Ondo Perps against tradeXYZ−0.057%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.057% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 22 hours of funding at the current rate (+$6 a day). The two prices were read 53 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	156.98	−0.0214	get 0.0027% / 1h	9m 47s	$29.7M	$3.3M	50x
Short	Ondo Perps USDJPY-USD.P	156.89	−0.0010	pay 0.0001% / 1h	9m 47s	$35K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against tradeXYZ. 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

Position, each leg$Hold fordaysFee tradeXYZbpFee Ondo PerpsbpOrdersPrice spread, now −0.057%Rate

Funding earned: $42.82
Price spread: −0.057% → 0.000%: −$5.73
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $14.09
Costs to cover: 0.230%
Break-even: 4.7 days

Slippage unknown: tradeXYZ: live order book, 3 min ago; Ondo Perps: 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, 3 min ago	0.32 bp	9.3 bp −$9	10.3 bp −$103	12.9 bp −$1,286	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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
Bitget USDJPYUSDT	−0.0479%	8h	157.00	+0.013%	$573K	$104K	100x	as long as short
tradeXYZ xyz:JPYlong	−0.0214%	1h	156.98	long leg	$29.7M	$3.3M	50x
Hotstuff USDJPY-PERP	−0.0128%	1h	156.98	0.000%	$33K	—	50x	as long as short
edgeX USDJPYUSDC	−0.0060%	4h	157.04	+0.035%	$5K	$135K	50x	as long as short
Lighter USDJPY	−0.0032%	1h	156.90	−0.052%	$550K	$348K	50x	as long as short
Nado USDJPY-PERP	−0.0016%	1h	157.08	+0.066%	$98K	$1K	40x	as long as short
Extended USDJPY-USD	−0.0016%	1h	157.03	+0.032%	$847K	$93K	25x	as long as short
Ondo Perps USDJPY-USD.Pshort	−0.0010%	1h	156.89	−0.057%	$35K	$4K	10x
Bybit USDJPYUSDT	0.0000%	8h	156.90	−0.053%	$291K	$122K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.05	+0.045%	$25K	$21K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX USDJPY-USDT	0.0000%	1h	156.97	−0.006%	—	$1.8M	10x	as long as short
HTX USDJPY-USDT	0.0000%	1h	157.03	+0.032%	$9K	$309K	20x	as long as short
Pacifica USDJPY	+0.0100%	1h	156.89	−0.058%	$94K	$34K	50x	as long as short
Aevo USDJPY-PERP	+0.0104%	1h	156.85	−0.083%	$25K	—	10x	as long as short
Injective USDJPY/USDC PERP	+0.0159%	1h	157.30	+0.202%	$25K	$87K	101x	as long as short