Funding you earn now, next payment 21:00 UTC+0.0363%/8h= +39.8% APRnext payment +$0.45 per $10,000 · paid last 24h +0.082%
Price spread now: Phoenix against Bulk+0.272%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.272% dearer against Bulk than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 | Bulk JTO-USD | 0.5148 | 0.0100 | pay 0.0013% / 1h | 38m 03s | $56K | $2K | 10x |
| Short | Phoenix JTO | 0.5162 | 0.0463 | get 0.0058% / 1h | 38m 03s | $371K | $267K | 5x |
Bulk JTO-USD
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bulk. 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
- $76.32
- Price spread: +0.272% → 0.000%
- $27.2
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $89.51
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Bulk: no order-book sample; Phoenix: live order book, 48 min ago. Net counts fees only.
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 Bulk no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 48 min ago | 1.93 bp | 20.8 bp −$21 | 60.2 bp −$602 | doesn't fit | doesn't fit |
Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0717% | 1h | 0.5165 | +0.330% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0147% | 8h | 0.5167 | +0.369% | $937K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0078% | 4h | 0.5176 | +0.544% | $3.9M | $9.9M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5159 | +0.223% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.603% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0011% | 8h | 0.5160 | +0.243% | $515 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.399% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5168 | +0.390% | $100K | $184K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5163 | +0.292% | $173K | $175K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5179 | +0.599% | $11.6M | $27.8M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Lighter JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5182 | +0.660% | $7.6M | $13.5M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5166 | +0.350% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5166 | +0.352% | $1.6M | $571K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5178 | +0.583% | $2.6M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5176 | +0.544% | — | $63.5M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5155 | +0.136% | $183K | $259K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5164 | +0.311% | $4K | $2K | 10x | as long as short |
| Bulk JTO-USDlong | +0.0100% | 1h | 0.5148 | long leg | $56K | $2K | 10x | |
| Extended JTO-USD | +0.0104% | 1h | 0.5178 | +0.587% | $523K | $854K | 10x | as long as short |
| Hyperliquid JTO | +0.0126% | 1h | 0.5182 | +0.670% | $7.3M | $3.2M | 5x | as long as short |
| Backpack JTO_USDC_PERP | +0.0171% | 1h | 0.5181 | +0.637% | $264K | $511K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5168 | +0.387% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5202 | +1.049% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5156 | +0.155% | $643K | $575K | 75x | as long as short |
| Phoenix JTOshort | +0.0463% | 1h | 0.5162 | +0.272% | $371K | $267K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0608% | 1h | 0.5169 | +0.413% | $352K | $312K | 25x | as long as short |
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Hyperliquid JTO
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Kraken Futures PF_JTOUSD