Funding you earn now, next payment 00:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.085%
Price spread now: Phoenix against Extended+0.250%7-day average +0.220% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$740.743% of the position
Funding, last 7 days+0.371%+$37 on $10k
+Price spread, last 3 days (all we have)+0.185%+$18 · spread now +0.250%, 7d avg +0.220%
=Together, before fees+0.556%+ Points / potential airdropExtended: Active · farm board+$56 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.030% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.220%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended JTO-USD | 0.5171 | 0.0104 | pay 0.0013% / 1h | 15m 02s | $519K | $1.7M | 10x |
| Short | Phoenix JTO | 0.5184 | 0.0312 | get 0.0039% / 1h | 15m 02s | $383K | $262K | 5x |
Extended JTO-USD
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $43.67
- Price spread: +0.250% → +0.220%
- $3
- Slippage, 4 orders
- −$62.27
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$27.61
- Costs to cover
- 0.743%
- Break-even
- 11.4 days
Slippage from Extended: live order book, 3 min ago; Phoenix: live order book, 56 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 Extended live order book, 3 min ago | 1.55 bp | 15.0 bp −$15 | 112.7 bp −$1,127 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 56 min ago | 1.96 bp | 21.0 bp −$21 | 59.7 bp −$597 | 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 | −0.0137% | 1h | 0.5169 | −0.040% | $13K | $10K | 10x | as long as short |
| OKX JTO-USDT-SWAP | −0.0034% | 4h | 0.5170 | −0.020% | $3.9M | $9.4M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5180 | +0.176% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.123% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0033% | 8h | 0.5176 | +0.092% | $517 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.830% | $31 | $43K | 5.5x | as long as short |
| Gate JTO_USDT | +0.0083% | 8h | 0.5174 | +0.057% | $916K | $1.2M | 75x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5173 | +0.030% | $99K | $189K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5181 | +0.190% | $7.1M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5170 | −0.016% | $174K | $157K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Gate JTO_USDT
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 | 0.5172 | +0.018% | $11.4M | $27.7M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5173 | +0.038% | $7.6M | $13.3M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5147 | −0.465% | $63K | $8K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5169 | −0.040% | $7.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5175 | +0.070% | $1.6M | $596K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5172 | +0.018% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5173 | +0.038% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5174 | +0.051% | $226K | $299K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5169 | −0.040% | $4K | $2K | 10x | as long as short |
| Extended JTO-USDlong | +0.0104% | 1h | 0.5171 | long leg | $519K | $1.7M | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5171 | +0.007% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0247% | 1h | 0.5176 | +0.086% | $349K | $310K | 25x | as long as short |
| Phoenix JTOshort | +0.0312% | 1h | 0.5184 | +0.250% | $383K | $262K | 5x | |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5185 | +0.270% | $64K | $129K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5171 | −0.001% | $625K | $594K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0370% | 1h | 0.5176 | +0.101% | $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
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP