Settings8H · net · $10k
Funding arb · Price arb /

JPY

RWAall JPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h +0.006%
Price spread now: Vest against Hibachi+0.563%7-day average +0.546% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.029%+$3 on $10k
Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.563%, 7d avg +0.546%
Together, before fees−0.021%+ Points / potential airdropHibachi: Active · Vest: Active · farm board−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi JPY/USDT-P0.0063500.0024pay 0.0003% / 1h7m 59s$9K$95K20x
ShortVest JPY-USD-PERP0.0063860.0031get 0.0004% / 1h7m 59s$117K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Hibachi. 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

Funding earned
$1.51
Price spread: +0.563% → +0.546%
$1.73
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Vest: 1 bp × 2 orders
−$2
Net
−$7.75
Costs to cover
0.110%
Break-even
42.9 days
Slippage unknown: Hibachi: no order-book sample; Vest: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample
Sell Vest no order-book sample
Hibachi and Vest: 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.

JPY on 3 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi JPY/USDT-Plong+0.0024%1h0.006350long leg$9K$95K20x
Vest JPY-USD-PERPshort+0.0031%1h0.006386+0.563%$117K100x
MEXC JPY_USDT+0.0124%4h0.006368+0.280%$14.7M$140K100xas long as short