USDJPY Funding Rate History
USDJPY perpetual futures funding ranges from -7.40 bps on PACIFICA to 28.20 bps on EXTENDED across 5 reporting venues, a spread of 35.60 bps. The most extreme rate (308.79% APY annualized) is on EXTENDED. Currently funding signs are mixed: 3 positive, 1 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 |
|---|---|---|---|---|
| EXTENDED | 28.20 bps | 308.79% APY | 0.50 bps | $544.67K |
| LIGHTER | 13.40 bps | 146.73% APY | 0.10 bps | $1.29M |
| HOTSTUFF | 8.00 bps | 87.60% APY | 0.40 bps | $44.07K |
| PACIFICA | -7.40 bps | -81.03% APY | -2.20 bps | $411.12K |
| NADO | 0.00 bps | 0.00% APY | -0.20 bps | $13.67K |
Last updated 2026-06-06T18:46:21.780573Z (UTC).
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Related: USDJPY open interest, USDJPY volume, USDJPY perp market data.