# USDJPY Funding Rates

As of 2026-10-03 11:26 UTC, USDJPY perpetual funding averages 0.0007% per 8 hours (0.72% APR) across all 9 exchanges that list it, weighted by 24h volume (median 0.0000%). Highest: Pacifica at 0.0013% per 1h (10.95% APR). Lowest: Lighter at 0.0000% per 8h (0.00% APR). Going long on Lighter and short on Pacifica collects a gross spread of 0.0100% per 8 hours (10.95% APR) before fees.

## Funding rate by exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Pacifica](https://arbtide.com/funding-rates/usdjpy/pacifica) | [USDJPY/USDC:USDC](https://app.pacifica.fi/trade/USDJPY) | 0.0013% | 1h | 10.95% | 2026-10-03 12:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/usdjpy/xt) | [USDJPY/USDT:USDT](https://www.xt.com/en/futures/trade/usdjpy_usdt) | 0.0025% | 4h | 5.47% | 2026-10-03 12:00 UTC |
| [Extended](https://arbtide.com/funding-rates/usdjpy/extended) | [USDJPY/USDC:USDC](https://app.extended.exchange/perp/USDJPY-USD) | 0.0004% | 1h | 3.50% | 2026-10-03 12:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/usdjpy/bybit) | [USDJPY/USDT:USDT](https://www.bybit.com/trade/usdt/USDJPYUSDT) | 0.0000% | 8h | 0.00% | 2026-10-03 16:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/usdjpy/bitget) | [USDJPY/USDT:USDT](https://www.bitget.com/futures/usdt/USDJPYUSDT) | 0.0000% | 8h | 0.00% | — |
| [HTX](https://arbtide.com/funding-rates/usdjpy/htx) | [USDJPY/USDT:USDT](https://www.htx.com/futures/linear_swap/exchange#contract_code=USDJPY-USDT&contract_type=swap&type=cross) | 0.0000% | 1h | 0.00% | 2026-10-03 12:00 UTC |
| [Toobit](https://arbtide.com/funding-rates/usdjpy/toobit) | [USDJPY/USDT:USDT](https://www.toobit.com/en-US/futures/USDJPY-SWAP-USDT) | 0.0000% | 8h | 0.00% | 2026-10-03 16:00 UTC |
| [Lighter](https://arbtide.com/funding-rates/usdjpy/lighter) | [USDJPY/USDC:USDC](https://app.lighter.xyz/trade/USDJPY) | 0.0000% | 8h | 0.00% | — |
| [WOOFi Pro](https://arbtide.com/funding-rates/usdjpy/woofipro) | [USDJPY/USDC:USDC](https://pro.woofi.com/en/trade/USDJPY_PERP) | 0.0000% | 8h | 0.00% | 2026-10-03 16:00 UTC |

## Frequently asked questions

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

Mostly no. USDJPY funding is positive on 3 of the 9 exchanges, which means longs are paying shorts on those venues.

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

Pacifica at 0.0013% per 1h (10.95% APR). The lowest is Lighter at 0.0000% per 8h (0.00% APR).

### What is the USDJPY funding arbitrage spread?

The gross spread is 0.0100% per 8 hours (10.95% APR): long USDJPY on Lighter and short on Pacifica. Trading fees, slippage and price basis reduce the net return.

### How often is USDJPY funding paid?

USDJPY funding is paid every 8 hours on Bybit, Bitget, Toobit, Lighter, and WOOFi Pro; every 4 hours on XT.COM; every hour on Pacifica, Extended, and HTX. Rates on this page are also shown as APR so they can be compared directly.