JPY (USDJPY) funding rates

JPY (USDJPY) perpetual funding is currently quoted across 6 venues, ranging from -50.4% to +7.9% APR. The most reliable delta-neutral pairing for JPY (USDJPY) right now is long Pacifica / short Extended at +37.9% net APR (low risk, ~1.2d to break even).

as of 2026-07-29 12:03 UTC
Best delta-neutral pairing
Long Pacifica / Short Extended
+37.9% net APR
Backtested (30d)
+20.8%
Stability
50.3%
Risk
low
Breakeven
~1.2d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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USDJPY funding by exchange

ExchangeFunding APR
HotStuff+7.88%
TradeXYZ+0.00%
Lighter+0.00%
Nado-3.19%
Extended-6.13%
Pacifica-50.36%

Frequently asked

What is the USDJPY funding rate right now?

JPY (USDJPY) perpetual funding ranges from -50.36% to 7.88% APR across 6 exchanges we track; the widest delta-neutral spread is long Pacifica / short Extended at 37.9% net APR.

Which exchange has the highest USDJPY funding rate?

HotStuff currently has the highest at 7.88% APR. See the full ranking above.