Funding you earn now, next payment 00:00 UTC+0.0642%/8h= +70.3% APRnext payment +$0.80 per $10,000 · paid last 24h +0.226%
Price spread now: Phoenix against Deribit+0.368%70s7-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 +$19 a day on $10k at the current rate, and Phoenix is 0.368% dearer against Deribit than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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 | Deribit JTO_USDC-PERPETUAL | 0.5165 | −0.0331 | get 0.0041% / 1h | 14m 02s | $13K | $10K | 10x |
| Short | Phoenix JTO | 0.5184 | 0.0312 | get 0.0039% / 1h | 14m 02s | $383K | $262K | 5x |
Deribit JTO_USDC-PERPETUAL
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. 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
- $134.91
- Price spread: +0.368% → 0.000%
- $36.79
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $157.7
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Phoenix: live order book, 57 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 57 min ago | 1.96 bp | 21.0 bp −$21 | 59.7 bp −$597 | doesn't fit | doesn't fit |
Deribit: 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-PERPETUALlong | −0.0331% | 1h | 0.5165 | long leg | $13K | $10K | 10x | |
| OKX JTO-USDT-SWAP | −0.0030% | 4h | 0.5157 | −0.155% | $3.9M | $9.4M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5169 | +0.077% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.249% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.717% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0034% | 8h | 0.5166 | +0.019% | $516 | — | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5170 | +0.095% | $99K | $189K | 10x | as long as short |
| Gate JTO_USDT | +0.0097% | 8h | 0.5164 | −0.019% | $914K | $1.2M | 75x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5174 | +0.168% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5169 | +0.069% | $173K | $157K | 10x | as long as short |
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
Gate JTO_USDT
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 | 0.5164 | −0.011% | $11.4M | $27.6M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5166 | +0.019% | $7.6M | $13.3M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5147 | −0.348% | $63K | $8K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5165 | 0.000% | $7.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5172 | +0.136% | $1.6M | $596K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5168 | +0.058% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5165 | 0.000% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5174 | +0.168% | $226K | $299K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5166 | +0.019% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5167 | +0.036% | $519K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5169 | +0.076% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0247% | 1h | 0.5171 | +0.124% | $349K | $310K | 25x | as long as short |
| Phoenix JTOshort | +0.0312% | 1h | 0.5184 | +0.368% | $383K | $262K | 5x | |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5181 | +0.310% | $64K | $129K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5171 | +0.116% | $625K | $594K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0370% | 1h | 0.5173 | +0.151% | $224K | $460K | 10x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP