USDJPY funding rates
USDJPY perpetual funding across 6 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 12.1%long Bitget, short Extended · net 7.6%
- Highest funding now
- 3.5%ExExtended
- Lowest funding now
- −63.3%BgBitgetCEX
- Listed on
- 6 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ExExtended | USDJPY-USD | 3.5% | 3.5% | 2.0% | 0.4% | 1.8% | 95% | 1h | 04:00 | 158.23 | $385k | $2k | TradFi | ExExtended | |
| LiLighter | USDJPY | 0.0% | 0.0% | −4.3% | −3.4% | −5.0% | 0% | 1h | 04:00 | 158.19 | $394k | $246k | TradFi | LiLighter | |
| RwRWA Perp | PERP_USDJPY_USDC | 0.0% | 37.0% | 10.2% | −10.6% | 5.7% | 19% | 8h | 08:00 | 158.20 | $49k | $8k | TradFi | RwRWA Perp | |
| ByBybitCEX | USDJPYUSDT | 0.0% | 0.0% | −4.6% | −1.4% | −5.4% | 0% | 8h | 08:00 | 157.99 | $655k | $16k | TradFi | ByBybit | |
| NaNado | USDJPY-PERP_USDT0 | −1.6% | −1.0% | −1.3% | −1.2% | −1.3% | 5% | 1h | 04:00 | 158.40 | $99k | $11 | TradFi | NaNado | |
| BgBitgetCEX | USDJPYUSDT | −63.3% | −7.4% | −10.0% | −5.8% | −10.5% | 0% | 8h | 08:00 | 158.21 | $1.1M | $138k | TradFi | BgBitget |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| BgBitgetCEX | ExExtended | 66.8% | 10.9% | 12.1% | 6.2% | 7.6% | 11.5% | 5.1d | steady | $385k | 8h/1hTradFi | BgEx | calc | |
| LiLighter | ExExtended | 3.5% | 3.5% | 6.3% | 3.8% | 5.0% | 7.5% | 2.9d | steady | $385k | TradFi | LiEx | calc | |
| BgBitgetCEX | LiLighter | 63.3% | 7.4% | 5.8% | 2.5% | 2.6% | 3.9% | 7.6d | steady | $394k | 8h/1hTradFi | BgLi | calc | |
| ByBybitCEX | ExExtended | 3.5% | 3.5% | 6.7% | 1.8% | 2.5% | 3.7% | 8.8d | steady | $385k | 8h/1hTradFi | ByEx | calc | |
| BgBitgetCEX | NaNado | 61.7% | 6.4% | 8.8% | 4.7% | 3.8% | 5.7% | 7.9d | steady | $99k | 8h/1hTradFi | BgNa | calc | |
| LiLighter | NaNado | −1.6% | −1.0% | 3.0% | 2.2% | 1.2% | 1.8% | 8.5d | mixed | $99k | TradFi | LiNa | calc | |
| NaNado | ExExtended | 5.1% | 4.5% | 3.3% | 1.6% | 0.2% | 0.3% | 13d | weak | $99k | TradFi | NaEx | calc | |
| BgBitgetCEX | ByBybitCEX | 63.3% | 7.4% | 5.4% | 4.4% | −0.6% | −0.9% | 16d | steady | $655k | TradFi | BgBy | calc | |
| ByBybitCEX | LiLighter | 0.0% | 0.0% | 0.3% | −1.9% | −2.5% | −3.8% | 115d | weak | $394k | 8h/1hTradFi | ByLi | calc | |
| ByBybitCEX | NaNado | −1.6% | −1.0% | 3.4% | 0.3% | −1.3% | −2.0% | 20d | mixed | $99k | 8h/1hTradFi | ByNa | calc | |
| NaNado | LiLighter | 1.6% | 1.0% | −3.0% | −2.2% | −4.8% | −7.2% | — | weak | $99k | TradFi | NaLi | calc | |
| NaNado | ByBybitCEX | 1.6% | 1.0% | −3.4% | −0.3% | −8.0% | −12.1% | — | weak | $99k | 1h/8hTradFi | NaBy | calc | |
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 03:21 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
USDJPY · TradFi
Indicative (mark or mid prices): buy on Bybit at 157.989, sell on Nado at 158.404: 0.263% before fees, 0.083% after taker fees.
| Buy ↓ · Sell → | NaNado158.404 | ExExtended158.227 | BgBitget158.21 | RwRWA Perp158.2 | LiLighter158.195 | ByBybit157.989 |
|---|---|---|---|---|---|---|
| ByBybit157.989 | 0.263% | 0.151% | 0.140% | 0.133% | 0.131% | — |
| LiLighter158.195 | 0.132% | 0.020% | 0.009% | 0.003% | — | −0.131% |
| RwRWA Perp158.2 | 0.129% | 0.017% | 0.006% | — | −0.003% | −0.133% |
| BgBitget158.21 | 0.123% | 0.011% | — | −0.006% | −0.009% | −0.140% |
| ExExtended158.227 | 0.112% | — | −0.011% | −0.017% | −0.020% | −0.151% |
| NaNado158.404 | — | −0.112% | −0.123% | −0.129% | −0.132% | −0.263% |
All quotes (6)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| BgBitgetCEX | 158.21 | 158.21 | mark | 4m | $138k | no FX |
| ByBybitCEX | 157.989 | 157.989 | mark | 4m | $16k | no FX |
| ExExtended | 158.227 | 158.227 | mark | 4m | $2k | |
| LiLighter | 158.195 | 158.195 | mark | 4m | $246k | |
| NaNado | 158.404 | 158.404 | mark | 4m | $11 | no FX |
| RwRWA Perp | 158.2 | 158.2 | mark | 4m | $8k |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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