JPY Funding Rate History — Settled Payments by Exchange
Yen (USD/JPY)
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Pacifica | 718 | +0.3380% | +4.13% | +0.0048% | -0.0389% | 2026-09-23 19:00 UTC |
 Ondo | 665 | +0.2615% | +3.45% | +0.0006% | -0.0148% | 2026-09-23 19:00 UTC |
 Extended | 720 | +0.1677% | +2.04% | +0.0122% | -0.0296% | 2026-09-23 19:00 UTC |
 Hotcoin | 38 | +0.0266% | +0.77% | +0.0100% | +0.0002% | 2026-09-23 16:00 UTC |
 HTX | 325 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-09-23 19:00 UTC |
 Bybit | 47 | -0.0031% | -0.07% | +0.0000% | -0.0031% | 2026-09-23 16:00 UTC |
 edgeX V2 | 45 | -0.1032% | -5.03% | +0.0096% | -0.0099% | 2026-09-23 16:00 UTC |
 Bitget | 44 | -0.2275% | -5.67% | +0.0000% | -0.0509% | 2026-09-23 16:00 UTC |
 Toobit | 41 | -0.2392% | -6.39% | +0.0100% | -0.0509% | 2026-09-23 16:00 UTC |
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon} trade[XYZ]mirrors Hyperliquid | 720 | -0.4359% | -5.31% | +0.0025% | -0.0196% | 2026-09-23 19:00 UTC |
 WOOFi Pro | 90 | -1.1460% | -13.95% | +0.0191% | -0.3423% | 2026-09-23 16:00 UTC |
What the JPY funding rate means
What JPY (Yen (USD/JPY)) actually paid over the last 30 days: 3,453 settlements across 11 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. Pacifica paid the most over the window at +0.3380% of position size.
A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 56% of the 3,453 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +0.3380% on Pacifica to -1.1460% on WOOFi Pro — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.
Frequently asked questions
- Is the JPY funding rate a live quote or an actual payment?
- A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 56% of the 3,453 settlements recorded here.
- Which exchange has paid the most settled JPY funding recently?
- Pacifica paid the most over the last 30 days at +0.3380% of position size across 718 settlements, an average annualized rate of +4.13%. This is a sum of actual payments, not a forecast.
- How often is JPY funding actually paid?
- Over the last 30 days, ORBIT recorded 3,453 funding settlements for JPY across 11 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.