USDJPY funding rates and arbitrage

USDJPY perpetuals trade on 4 contracts across 4 venues, forming 6 cross-venue arbitrage pairs. By net APR the current best pair is long Bitget against short HTX, netting +58.80%, though note the legs settle on different cadences (8h / 1h)。

USDJPY perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
HTX	USDJPY-USDT	USDT	1h	0.0000%	0.00%	0.00%	$131K	158.225
Bitget	USDJPYUSDT	USDT	8h	-0.0537%	-58.80%	-47.42%	$122K	158.010
Bybit	USDJPYUSDT	USDT	8h	-0.0215%	-23.49%	-18.83%	$64K	157.778
Lighter	USDJPY	USDC	1h	0.0000%	0.00%	0.00%	$15K	157.940

USDJPY cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Bitget USDT	HTX USDT	+58.80%	0.1611%	+47.42%	8h / 1h	$122K
Bitget USDT	Lighter USDC	+58.80%	0.1611%	+47.42%	8h / 1h	$15K
Bitget USDT	Bybit USDT	+35.31%	0.0967%	+28.58%	8h matched	$64K
Bybit USDT	HTX USDT	+23.49%	0.0644%	+18.83%	8h / 1h	$64K
Bybit USDT	Lighter USDC	+23.49%	0.0644%	+18.83%	8h / 1h	$15K
HTX USDT	Lighter USDC	0.00%	0.0000%	0.00%	1h matched	$15K

USDJPY project profileProfile unconfirmed

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

WAVES0.0%WOTAMALAILE0.0%币安人生0.0%AAPU+13.1%ABNB0.0%AGI+24.0%ALL+0.1%AMKR0.0%APM+36.8%ARGUS0.0%BA0.0%BATON+13.6%

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