USDJPY Funding Rate History
USDJPY perpetual futures funding ranges from -0.60 bps on HOTSTUFF to 0.70 bps on PACIFICA across 6 reporting venues, a spread of 1.30 bps. The most extreme rate (7.66% APY annualized) is on PACIFICA. Currently funding signs are mixed: 2 positive, 2 negative.
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 USDJPY price.
USDJPY Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| PACIFICA | 0.70 bps | 7.66% APY | 1.00 bps | $28.31K |
| HOTSTUFF | -0.60 bps | -6.57% APY | -0.20 bps | $0 |
| EXTENDED | 0.30 bps | 3.28% APY | 0.30 bps | $10.49M |
| NADO | -0.10 bps | -1.09% APY | -0.10 bps | $883.41 |
| LIGHTER | 0.00 bps | 0.00% APY | 0.00 bps | $52.56K |
| WOOFIPRO | 0.00 bps | 0.00% APY | n/a | $337.90 |
Last updated 2026-07-16T17:57:46Z (UTC).
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Related: USDJPY open interest, USDJPY volume, USDJPY perp market data.