PerpEquities

FX

U.S. Dollar / Japanese Yen perpetual futures

USDJPY perpetual futures on 12 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade USDJPYUSDT.

U.S. Dollar / Japanese Yen tracked across crypto venues with normalized contract specifications.

158.140.0%
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Price chart

 

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Collecting venue price data...
venue perp mark · BingX (USDJPY-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

12/12 live markets
Venues
12
Live markets
12/12
24h volume
$6M
Open interest
$41.7MCoverage: 10/12 markets
Best liquidity
$7B
BingX
Tightest spread
+0.1 bps
BingX
Highest volume
$3.5M
BingX
Settlement mix
USDC · 6/12
Perp/spot vol.
-
OI / float
-

Venue matrix

12 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeUSDJPY-USDTTrading158.14-4.4% APR
-0.00400% every 8h
+0.1 bps$7B$3.5M$1.6MUSDT-
Hyperliquid HIP-3Tradexyz:JPYTrading158.10-6.3% APR
-0.00071% every 1h
+1.3 bps$1.7M$1.4M$29.3MUSDC50x
XT.comTradeUSDJPY/USDTTrading158.13+11.0% APR
+0.00500% every 4h
+5.1 bps-$709.2K$7.8MUSDT20x
HTXTradeUSDJPY/USDTTrading158.21-+19.0 bps$222.5K$123.8K-USDT-
BybitTradeUSDJPY/USDTTrading157.800.0% APR
0.000% every 8h
+5.2 bps$71.9K$85.7K$1.3MUSDT100x
BitgetTradeUSDJPY/USDTTrading158.150.0% APR
0.000% every 8h
+1.9 bps-$72.6K$1MUSDT100x
Helix (Injective)TradeUSDJPY/USDCTrading158.16-24.1% APR
-0.00275% every 1h
+60.0 bps$8.2K$49.9K-USDC101x
PacificaTradeUSDJPY/USDCTrading158.09+11.0% APR
+0.00125% every 1h
+10.1 bps$52.5K$23.1K$86.6KUSDC50x
ExtendedTradeUSDJPY/USDTrading158.14-28.0% APR
-0.00320% every 1h
+2.0 bps$130.2K$15.6K$385KUSD25x
Ondo PerpsTradeUSDJPY/USDTrading158.06-+2.1 bps$449.9K$1.4K$57.3KUSDC10x
AevoTradeUSDJPY/USDCTrading157.94+11.4% APR
+0.00130% every 1h
+9.6 bps$227K$0$31.5KUSDC10x
Orderly NetworkTradeUSDJPY/USDCTrading158.130.0% APR
0.000% every 8h
--$0$49KUSDC-

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Broad liquidity · 8 of 12 venues absorb $10k · Typical cost: +5.3 bps – +16.1 bps

Cheapest execution: Ondo Perps · +4.6 bps

Too thin: Helix (Injective)

No fresh book data: XT.com, Bitget, Orderly Network

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

USDJPY

Tightest spread

USDJPY

Highest volume

USDJPY

Funding history

Stored venue snapshots by market

Next catalyst

Catalysts

No unusual perp activity right now.

FMP reference data

Market context

Macro calendar

12
UpdatedEventPreviousEstimateActual
USD · FOMC Minutes---
USD · Initial Jobless Claims (Oct/03)197 K200 K-
USD · Jobless Claims 4-Week Average (Oct/03)200 K198 K-
USD · Continuing Jobless Claims (Sep/26)1,701 K1,710 K-
USD · Michigan Consumer Sentiment (Oct)48.147.6-
USD · Existing Home Sales MoM (Sep)-2 %--
USD · Existing Home Sales (Sep)3.98 M--
USD · Inflation Rate (Sep)334.98336.8-
USD · Core Inflation Rate MoM (Sep)0.3 %0.3 %-
USD · CPI s.a (Sep)334.13335.8-
USD · Inflation Rate MoM (Sep)0.4 %0.5 %-
USD · Inflation Rate YoY (Sep)3.4 %3.7 %-

Frequently asked questions

Where can I trade USDJPY perpetual futures?

U.S. Dollar / Japanese Yen (USDJPY) perpetual futures trade on 12 crypto venues, including BingX, Hyperliquid HIP-3, XT.com. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade USDJPY around the clock?

Yes. Unlike the underlying stock, USDJPY perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on USDJPY perpetuals?

Right now the USDJPY perp funding rate is -5.3% annualized (venue median), ranging from -6.3% to -4.4% across 12 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

What is a USDJPY perpetual future?

A USDJPY perpetual is a derivative that tracks the price of U.S. Dollar / Japanese Yen with no expiry date. It lets you take long or short exposure to U.S. Dollar / Japanese Yen on crypto venues, around the clock.

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Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

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The listings, funding and moves that matter for USDJPY — one email every Sunday.

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