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USDJPY Funding Rate History

USDJPY perpetual futures funding ranges from -10.50 bps on PACIFICA to 0.30 bps on EXTENDED across 5 reporting venues, a spread of 10.80 bps. The most extreme rate (-114.97% 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

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
PACIFICA-10.50 bps-114.97% APY0.80 bps$44.20K
NADO-0.30 bps-3.28% APY-0.10 bps$2.28M
EXTENDED0.30 bps3.28% APY0.30 bps$22.08K
HOTSTUFF0.20 bps2.19% APY0.20 bps$130.52K
LIGHTER0.00 bps0.00% APY-0.40 bps$95.30K

Last updated 2026-06-01T15:08:33.895828Z (UTC).

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