# JPY Funding Rates

As of 2026-10-03 14:13 UTC, JPY perpetual funding averages 0.0400% per 8 hours (43.80% APR) across all 3 exchanges that list it, weighted by 24h volume (median 0.0400%). Highest: MEXC at 0.0200% per 4h (43.80% APR). Lowest: WEEX at 0.0200% per 4h (43.80% APR). Going long on WEEX and short on MEXC collects a gross spread of 0.0000% per 8 hours (0.00% APR) before fees.

## Funding rate by exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [MEXC](https://arbtide.com/funding-rates/jpy/mexc) | [JPY/USDT:USDT](https://www.mexc.com/futures/JPY_USDT) | 0.0200% | 4h | 43.80% | 2026-10-03 16:00 UTC |
| [LBank](https://arbtide.com/funding-rates/jpy/lbank) | [JPY/USDT:USDT](https://www.lbank.com/futures/jpyusdt) | 0.0200% | 4h | 43.80% | 2026-10-03 16:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/jpy/weex) | [JPY/USDT:USDT](https://www.weex.com/futures/JPY-USDT) | 0.0200% | 4h | 43.80% | 2026-10-03 14:13 UTC |

## Frequently asked questions

### Is the JPY funding rate positive right now?

Yes. JPY funding is positive on 3 of the 3 exchanges, which means longs are paying shorts on those venues.

### Which exchange has the highest JPY funding rate?

MEXC at 0.0200% per 4h (43.80% APR). The lowest is WEEX at 0.0200% per 4h (43.80% APR).

### What is the JPY funding arbitrage spread?

The gross spread is 0.0000% per 8 hours (0.00% APR): long JPY on WEEX and short on MEXC. Trading fees, slippage and price basis reduce the net return.

### How often is JPY funding paid?

JPY funding is paid every 4 hours on MEXC, LBank, and WEEX. Rates on this page are also shown as APR so they can be compared directly.