Funding you earn now, next payment 05:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.054%
Price spread now: Phoenix against GMX+0.233%7-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 +$7 a day on $10k at the current rate, and Phoenix is 0.233% dearer against GMX than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX JTO/USD [WBTC.b-USDC] | 0.5146 | L +0.0224% / S −0.2181% | pay 0.0028% / 1h | 19m 05s | $2K | — | 50x |
| Short | Phoenix JTO | 0.5158 | 0.0464 | get 0.0058% / 1h | 19m 05s | $381K | $118K | 5x |
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GMX. 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
- $50.38
- Price spread: +0.233% → 0.000%
- $23.32
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $54.7
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Phoenix: live order book, 28 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 GMX no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 28 min ago | 1.94 bp | 20.8 bp −$21 | 60.3 bp −$603 | doesn't fit | doesn't fit |
GMX: 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 | −0.0333% | 1h | 0.5142 | −0.078% | $3K | $20K | 10x | as long as short |
| Gate JTO_USDT | −0.0254% | 8h | 0.5143 | −0.058% | $903K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5146 | +0.001% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.649% | — | — | — | as long as short |
| OKX JTO-USDT-SWAP | +0.0015% | 4h | 0.5141 | −0.097% | $3.8M | $9.6M | 50x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.362% | $31 | $43K | 5.5x | as long as short |
| Bybit JTOUSDT | +0.0062% | 4h | 0.5140 | −0.117% | $7.0M | $14.2M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0077% | 8h | 0.5144 | −0.045% | $493 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5149 | +0.060% | $115K | $229K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5149 | +0.056% | $7.0M | $3.0M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
OKX JTO-USDT-SWAP
Injective JTO/USDC PERP
Bybit JTOUSDT
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5141 | −0.089% | $121K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5137 | −0.173% | $11.1M | $28.0M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5122 | −0.457% | $55K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5141 | −0.097% | $6.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5150 | +0.070% | $1.5M | $611K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5142 | −0.078% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5140 | −0.117% | — | $8.8M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5142 | −0.076% | $220K | $241K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5142 | −0.078% | $4K | $652 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5142 | −0.082% | $518K | $2.2M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0127% | 1h | 0.5150 | +0.074% | $266K | $307K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC]long | L +0.0224% / S −0.2181% | 1h | 0.5146 | long leg | $2K | — | 50x | |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5143 | −0.058% | $599K | $544K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5161 | +0.291% | $58K | $136K | 25x | as long as short |
| Phoenix JTOshort | +0.0464% | 1h | 0.5158 | +0.233% | $381K | $118K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0481% | 1h | 0.5151 | +0.103% | $344K | $349K | 25x | as long as short |
Aster JTOUSDT
Binance 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
Backpack JTO_USDC_PERP
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD