USDJPY funding rates and arbitrage
Updated 2026-10-29 22:54 UTC
Best USDJPY arbitrage after every cost
No USDJPY pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
USDJPY funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| TXFlow | USDJPY-USDC | 0.0013% | 1 h | +10.9% | — | $4M | 2026-10-29 23:00 |
| Ondo Perps | USDJPY-USD.P | 0.0006% | 1 h | +5.5% | — | $54K | 2026-10-29 23:00 |
| Pacifica | USDJPY | 0.0005% | 1 h | +4.4% | −3.0% | $113.7K | 2026-10-29 23:00 |
| Extended | USDJPY-USD | 0.0004% | 1 h | +3.5% | −9.9% | $700.9K | 2026-10-29 23:00 |
| Lighter | USDJPY | 0.0000% | 1 h | 0.0% | 0.0% | $606.8K | 2026-10-29 23:00 |
| HTX | USDJPY-USDT | 0.0000% | 1 h | 0.0% | 0.0% | $13.4K | 2026-10-29 23:00 |
| Nado | USDJPY-PERP_USDT0 | -0.0001% | 1 h | −0.5% | — | $49.3K | 2026-10-29 23:00 |
| Bybit | USDJPYUSDT | -0.0025% | 8 h | −2.8% | −11.1% | $419.8K | 2026-10-30 00:00 |
| BingX | NCFXUSD2JPY-USDT | -0.0040% | 8 h | −4.4% | −3.6% | $989.5K | 2026-10-30 00:00 |
| Bitget | USDJPYUSDT | -0.0202% | 8 h | −22.1% | −22.2% | $402K | 2026-10-30 00:00 |
Cost to enter $10,000 of USDJPY
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter | USDJPY | 1.7 bp | top of book only |
| Bybit | USDJPYUSDT | 4.8 bp | top of book only |
| BingX | NCFXUSD2JPY-USDT | 5.0 bp | top of book only |
| Bitget | USDJPYUSDT | 7.6 bp | top of book only |
| HTX | USDJPY-USDT | 16.5 bp * | top of book only |
| Extended | USDJPY-USD | 19.5 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is USDJPY funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no USDJPY pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest USDJPY funding rate?
TXFlow at +10.9% a year (0.0013% every 1 h); the lowest is Bitget at −22.1%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.