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British Pound / Japanese Yen (GBPJPY) Perpetual Futures

British Pound / Japanese Yen (GBPJPY) Perpetual Futures — Live Data

Price
Total Open Interest
24h Volume
Venue
1

Where to Trade British Pound / Japanese Yen (GBPJPY) Perpetual Futures

British Pound / Japanese Yen (GBPJPY) perpetual futures are live on 1 venue. The venue cards compare open interest, 24h volume, and funding. The data updates every two minutes, and each card links directly to GBPJPY trading.

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Gains Network
Arbitrum, Base, Polygon, ApeChain, MegaETH, Solana
Open Interest
24h Volume
Fee model
Position model
Max Lev.
1000x
Rating
8.0/10

Market Overview

GBP/JPY is one of the most volatile major currency pairs, combining the pound's political sensitivity with the yen's carry-trade dynamics. GBPJPY perpetual futures are colloquially known as the "beast" among forex traders due to its wide daily ranges and sharp reversal tendencies, making it attractive for momentum traders and carry trade participants who can tolerate high volatility.

Trading Tips for British Pound / Japanese Yen Perps

GBPJPY has the widest average daily ranges among major pairs — use tighter stops than you would for EUR/USD and size positions accordingly. GBPJPY carry trades unwind violently during global risk-off events. Monitor both BoJ intervention risk and UK political calendar simultaneously when holding GBPJPY perp positions.

Frequently Asked Questions — British Pound / Japanese Yen (GBPJPY)

What is the current GBPJPY perpetual futures funding rate?
The live British Pound / Japanese Yen (GBPJPY) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists GBPJPY perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest GBPJPY perp trading fees?
SynFutures is the only tracked GBPJPY venue with a comparable maker/taker schedule. It lists a 0.020% taker fee and a 0.010% maker fee. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.
How does British Pound / Japanese Yen open interest compare across exchanges?
The British Pound / Japanese Yen (GBPJPY) open-interest chart shows the total value of outstanding GBPJPY derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the GBPJPY long/short ratio indicate?
The British Pound / Japanese Yen long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
How do GBPJPY forex perps compare to spot forex trading?
GBPJPY perpetual futures offer 24/7 trading without weekend gaps, leverage up to 1000x on some platforms, and no need for a traditional forex broker. Unlike spot forex, perps use a funding rate mechanism instead of swap rates. Trading costs on DEXes can be lower than traditional forex brokers, especially for smaller position sizes.
Where can I trade GBPJPY perpetual futures?
British Pound / Japanese Yen (GBPJPY) perps are listed on 2 exchanges: Gains Network and SynFutures. The "Where to Trade British Pound / Japanese Yen (GBPJPY) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.

Category: Forex · Data updates every 2 minutes · All rates shown are annualized