Skip to content
PerpFinder
Live Data

US Dollar / Japanese Yen (USDJPY) Perpetual Futures

US Dollar / Japanese Yen (USDJPY) Perpetual Futures — Live Data

Trade USDJPYon 6 exchangesKwenta logoOpen on Kwenta

Market Overview

USD/JPY is the most traded dollar-yen pair and one of the most important carry trade vehicles in global forex markets. USDJPY perpetual futures are driven by the interest rate differential between the US Federal Reserve and the Bank of Japan, with the BoJ's ultra-loose monetary policy historically making the yen the preferred funding currency for global carry trades.

USDJPY Perps Data — Forex Category

This page displays perpetual futures analytics for forex currency pairs, including trading volume, open interest, funding rates, and liquidation data. Forex perp metrics are particularly useful for understanding dollar strength dynamics that directly influence crypto market conditions — a rising DXY measured through USD pairs often precedes BTC and altcoin selling pressure. Open interest in major pairs like EURUSD and USDJPY reflects macro positioning by crypto-native traders who use on-chain forex perps to hedge currency exposure or express central bank policy views. Funding rate data for forex perps tends to be lower and more stable than crypto perps, providing a reliable baseline for carry calculations.

Trading Tips for US Dollar / Japanese Yen Perps

USDJPY is the classic carry trade pair — it rises when global risk appetite is high and falls sharply during risk-off episodes as carry trades unwind. Bank of Japan intervention risk is real above 150 — always monitor BoJ official commentary for verbal intervention signals before sizing up USDJPY perp longs.

Where to Trade US Dollar / Japanese Yen (USDJPY) Perpetual Futures

US Dollar / Japanese Yen (USDJPY) perpetual futures are available on 6 exchanges. Compare fees, leverage, and features below to find the best platform for trading USDJPY perps.

Kwenta logo
Kwenta
Base, Optimism
Maker Fee
0.020%
Taker Fee
0.060%
Max Leverage
100x
Rating
8.4/5
Trade USDJPYReview
Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Maker Fee
0.080%
Taker Fee
0.080%
Max Leverage
1000x
Rating
8.0/5
Trade USDJPYReview
SynFutures logo
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5
Trade USDJPYReview
Ostium logo
Ostium
Arbitrum
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
200x
Rating
7.5/5
Trade USDJPYReview
Avantis logo
Maker Fee
0.010%
Taker Fee
0.040%
Max Leverage
100x
Rating
7.0/5
Trade USDJPYReview
Extended logo
Extended
Arbitrum
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
100x
Rating
7.0/5
Trade USDJPYReview

Frequently Asked Questions — US Dollar / Japanese Yen (USDJPY)

What is the current USDJPY perpetual futures funding rate?▼
The live US Dollar / Japanese Yen (USDJPY) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing USDJPY perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest USDJPY perp trading fees?▼
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 USDJPY perpetual futures trade across all major exchanges. Compare fees for USDJPY perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does US Dollar / Japanese Yen open interest compare across exchanges?▼
US Dollar / Japanese Yen (USDJPY) open interest is broken down by exchange in the chart above, showing the total value of outstanding USDJPY derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the USDJPY long/short ratio indicate?▼
The US Dollar / 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 USDJPY forex perps compare to spot forex trading?▼
USDJPY 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 USDJPY perpetual futures?▼
US Dollar / Japanese Yen (USDJPY) perps are currently listed on 6 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

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

Funding RatesOpen InterestLiquidationsFee ComparisonExchange Deals

Related Forex Assets

EURUSD
Euro / US Dollar
GBPUSD
British Pound / US Dollar
USDCHF
US Dollar / Swiss Franc
AUDUSD
Australian Dollar / US Dollar
USDCAD
US Dollar / Canadian Dollar
NZDUSD
New Zealand Dollar / US Dollar
View all 304 assets →