The USDJPY-USDC perpetual on SilkDEX tracks the USD/JPY exchange rate and is margined and settled in USDC on Orderly Network's omnichain order book. Up to 50x leverage, funding every 8 hours, $10 minimum order. Connect a wallet on any of 12 chains and trade.
| Underlying | USD/JPY (USDJPY) |
|---|---|
| Max leverage | 50x |
| Margin & settlement | USDC |
| Funding interval | every 8 hours |
| Funding cap | ±0.5% per interval |
| Initial / maintenance margin | 2% / 1% |
| Minimum order | $10 notional |
| Trading fee | 0.1% maker / 0.1% taker |
| Underlying market hours | forex market hours: Sunday 17:00 to Friday 17:00 New York time; trading continues 24/7 |
| Index price sources | Pyth, Finage and TraderMade |
| Listed by | Orderly Network |
| Liquidation fee | 1.2% of the liquidated notional (up to 0.6% to the liquidator, the rest to the insurance fund) |
| Listed on Orderly | 2026-06-15 |
Forex perps · BTC-USDC · ETH-USDC · SOL-USDC · Browse all markets · How funding works · Trading hours explained · FAQ
50x. The USDJPY-USDC perpetual has a 2% initial margin requirement and a 1% maintenance margin; larger positions need more margin, so the usable leverage drops as size grows.
Every 8 hours. Longs pay shorts when the rate is positive and shorts pay longs when it is negative; the rate is capped at ±0.5% per interval. The live rate and countdown are shown in the trading terminal.
Yes — trading stays open 24/7, but the price reference follows forex market hours: Sunday 17:00 to Friday 17:00 New York time. While that market is closed (weekends and market holidays) the terminal shows “Market off”: you can still trade, but the index price is frozen at its last value, liquidity is thinner, and the price can gap when the underlying reopens.
The standard fee is 0.1% maker / 0.1% taker on the notional value of each fill — 1 USDC on a 1,000 USDC taker fill — shown in the order panel before you confirm. Open positions also pay or receive funding every 8 hours.
$10 of notional. Orders are margined and settled in USDC.
Connect an EVM or Solana wallet on any of 12 supported chains, deposit USDC, open the USDJPY-USDC market and place a market, limit or stop order, long or short. The contract tracks the USD/JPY exchange rate.