Funding you earn now, next payment 06:00 UTC+0.0367%/8h= +40.2% APRpaid last 24h +0.087%
Price spread now: Phoenix against BingX+0.454%49s7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.675% of the position
Funding, last 7 days+0.355%+$36 on $10k
+Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.454%, 7d avg +0.166%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.287% dearer against BingX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.166%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX JTO-USDT | 0.5069 | 0.0100 | pay 0.0050% / 4h | 58m 44s | — | $8.6M | — |
| Short | Phoenix JTO | 0.5092 | 0.0467 | get 0.0058% / 1h | 58m 44s | $376K | $117K | 5x |
BingX JTO-USDT
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $77.07
- Price spread: +0.454% → +0.166%
- $28.75
- Slippage, 4 orders
- −$50.47
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $38.35
- Costs to cover
- 0.675%
- Break-even
- 3.5 days
Slippage from BingX: live order book, 9 min ago; Phoenix: live order book, 43 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 9 min ago | 1.97 bp | 11.7 bp −$12 | 26.3 bp −$263 | 209.7 bp −$21.0K | 559.4 bp −$279.7K |
| Sell Phoenix live order book, 43 min ago | 1.96 bp | 21.1 bp −$21 | 59.8 bp −$598 | doesn't fit | doesn't fit |
JTO on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0341% | 1h | 0.5072 | +0.059% | $12K | $30K | 10x | as long as short |
| Gate JTO_USDT | −0.0104% | 8h | 0.5074 | +0.099% | $882K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5071 | +0.039% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +9.284% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −1.894% | $31 | $43K | 5.5x | as long as short |
| Bybit JTOUSDT | +0.0058% | 4h | 0.5068 | −0.020% | $6.8M | $14.3M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0082% | 8h | 0.5067 | −0.048% | $485 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5077 | +0.160% | $114K | $243K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5078 | +0.185% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5073 | +0.081% | $118K | $228K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bybit JTOUSDT
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5068 | −0.029% | $10.8M | $28.7M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5066 | −0.059% | $3.7M | $9.7M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5068 | −0.020% | $6.1M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5073 | +0.087% | $1.5M | $595K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5069 | 0.000% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDTlong | +0.0100% | 4h | 0.5069 | long leg | — | $8.6M | — | |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5077 | +0.166% | $236K | $322K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5076 | +0.130% | $217K | $235K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5074 | +0.099% | $4K | $918 | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5086 | +0.335% | $55K | −$0 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5066 | −0.057% | $521K | $2.3M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5074 | +0.107% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5080 | +0.217% | $585K | $561K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5110 | +0.809% | $57K | $139K | 25x | as long as short |
| Phoenix JTOshort | +0.0467% | 1h | 0.5092 | +0.454% | $376K | $117K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0847% | 1h | 0.5080 | +0.225% | $322K | $369K | 25x | as long as short |
Binance JTOUSDT
OKX JTO-USDT-SWAP
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD