USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0214%/8h= +23.5% APRnext payment +$0.27 per $10,000 · paid last 24h +0.054%

Price spread now: SunX against tradeXYZ−0.006%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$220as in the Price arb table

costs, in and out, $10k−$2202.197% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.233%+$23 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.006%, 7d avg −0.002%

Together, before fees+0.258%+ 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: +$6 a day on $10k at the current rate.

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 48s	$29.7M	$3.3M	50x
Short	SunX USDJPY-USDT	156.97	0	get 0.0000% / 1h	9m 48s	—	$1.8M	10x

Funding history

latest

Range statsloading…

SunX against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee tradeXYZbpFee SunXbpOrdersPrice spread, now −0.006%Rate

Slippage from tradeXYZ: live order book, 3 min ago; SunX: live order book, 10 min ago.

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 SunX live order book, 10 min ago	80.23 bp	99.6 bp −$100	doesn't fit	doesn't fit	doesn't fit

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.P	−0.0010%	1h	156.89	−0.057%	$35K	$4K	10x	as long as short
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-USDTshort	0.0000%	1h	156.97	−0.006%	—	$1.8M	10x
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