Japanese Yen (JPY) Funding Rate History
Japanese Yen (JPY) perpetual futures funding ranges from 0.00 bps on TRADEXYZ to 4.00 bps on MEXC across 3 reporting venues, a spread of 4.00 bps. The most extreme rate (43.80% APY annualized) is on MEXC. Currently all venues currently report positive funding (longs paying shorts).
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on JPY price.
JPY Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| MEXC | 4.00 bps | 43.80% APY | 2.50 bps | $115.01K |
| VEST | 0.50 bps | 5.47% APY | 0.50 bps | $159.61K |
| TRADEXYZ | 0.00 bps | 0.00% APY | -0.50 bps | $2.07M |
Last updated 2026-07-16T16:36:16Z (UTC).
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Related: JPY open interest, JPY volume, JPY perp market data.