# JPY Funding Rate on LBank

As of 2026-10-07 01:02 UTC, the JPY perpetual on LBank pays -0.0119% per 4h, -0.0238% per 8 hours (-26.06% APR), so shorts pay longs. That is the 2nd highest of 3 exchanges shown, against a volume-weighted average of -0.0238% per 8 hours (-26.06% APR). Over the last 7 days LBank averaged -0.0057% per 8 hours (-6.28% APR). The next funding is at 2026-10-07 04:00 UTC.

## Funding on every 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) | -0.0119% | 4h | -26.06% | 2026-10-07 04:00 UTC |
| [LBank](https://arbtide.com/funding-rates/jpy/lbank) | [JPY/USDT:USDT](https://www.lbank.com/futures/jpyusdt) | -0.0119% | 4h | -26.06% | 2026-10-07 04:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/jpy/weex) | [JPY/USDT:USDT](https://www.weex.com/futures/JPY-USDT) | -0.0119% | 4h | -26.06% | 2026-10-07 01:02 UTC |

## Frequently asked questions

### What is the JPY funding rate on LBank?

-0.0119% per 4h, or -0.0238% per 8 hours (-26.06% APR), so shorts pay longs. The 7-day average is -0.0057% per 8 hours (-6.28% APR).

### How often does LBank pay JPY funding?

Every 4 hours. The next payment is at 2026-10-07 04:00 UTC.

### Is JPY funding on LBank higher than on other exchanges?

LBank is the 2nd highest of 3 exchanges shown. The highest is LBank at -0.0119% per 4h (-26.06% APR) and the lowest is WEEX at -0.0119% per 4h (-26.06% APR).

### How do you arbitrage JPY funding with LBank?

Long JPY on WEEX and short on LBank for a gross spread of 0.0000% per 8 hours (0.00% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.