THE 2026 CARRY TRADE The carry trade isn’t dead—it’s just gotten more professional.
Here’s your 2-minute macro brief: 🔹 The Setup: Borrow JPY (0.75%), Buy USD (4.00%+)
The ~325bps spread is the widest in the G10. 🔹 The Narrowing: Fed is cutting, BOJ is hiking. The “Carry Cushion” is smaller than 2024. This makes the trade more sensitive to sudden Yen spikes. 🔹 The Warning: In 2024, USD/JPY dropped 12% in 3 weeks.
Size your positions for the crash, not the daily interest. 🔹 The BitMEX Edge: Traditional brokers take a cut of your swap. BitMEX FX Perps have 0% swap fees. You get pure price exposure with 24/7 liquidity. 🔹 The Rule: Never trade the carry without a stop loss.