Funding you earn now, next payment 04:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.088%
Price spread now: Phoenix against KuCoin−0.023%7-day average +0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as in the Price arb table
costs, in and out, $10k−$2062.057% of the position
Funding, last 7 days+0.352%+$35 on $10k
+Price spread, last 4 days (all we have)+0.490%+$49 · spread now −0.023%, 7d avg +0.099%
=Funding pays, the price is against you. Phoenix is 0.122% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.099%). If the spread goes back, that is −$12 on $10k: about 47 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin JTOUSDTM | 0.5175 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $1.6M | $603K | 20x |
| Short | Phoenix JTO | 0.5174 | 0.0310 | get 0.0039% / 1h | 52m 47s | $382K | $114K | 5x |
KuCoin JTOUSDTM
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $44.05
- Price spread: −0.023% → +0.099%
- −$12.21
- Slippage, 4 orders
- −$186.7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$173.85
- Costs to cover
- 2.057%
- Break-even
- 34.6 days
Slippage from KuCoin: live order book, 3 min ago; Phoenix: live order book, 64 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 KuCoin live order book, 3 min ago | 10.64 bp | 84.8 bp −$85 | 646.6 bp −$6,466 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 64 min ago | 1.94 bp | 20.8 bp −$21 | 59.5 bp −$595 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0349% | 8h | 0.5175 | −0.004% | $901K | $998K | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0329% | 1h | 0.5179 | +0.073% | $13K | $10K | 10x | as long as short |
| Bybit JTOUSDT | −0.0174% | 4h | 0.5168 | −0.139% | $7.1M | $14.0M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5169 | −0.118% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.042% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.907% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0083% | 8h | 0.5165 | −0.194% | $515 | — | 5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0089% | 4h | 0.5163 | −0.236% | $3.9M | $9.4M | 50x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5179 | +0.073% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5184 | +0.164% | $118K | $226K | 10x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
OKX JTO-USDT-SWAP
Orderly PERP_JTO_USDC_mythos
Lighter JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid JTO | +0.0100% | 1h | 0.5173 | −0.035% | $7.0M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5174 | −0.024% | $125K | $218K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5167 | −0.166% | $11.3M | $27.6M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5172 | −0.068% | $56K | $17K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5169 | −0.120% | $6.2M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTMlong | +0.0100% | 4h | 0.5175 | long leg | $1.6M | $603K | 20x | |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5172 | −0.062% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5168 | −0.139% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5154 | −0.417% | $223K | $246K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5170 | −0.108% | $521K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5181 | +0.107% | $2K | — | 50x | as long as short |
| Phoenix JTOshort | +0.0310% | 1h | 0.5174 | −0.023% | $382K | $114K | 5x | |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5167 | −0.158% | $617K | $537K | 75x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0377% | 1h | 0.5179 | +0.072% | $337K | $312K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5175 | −0.004% | $58K | $137K | 25x | as long as short |
| Backpack JTO_USDC_PERP | +0.0714% | 1h | 0.5184 | +0.164% | $267K | $314K | 10x | as long as short |
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
Backpack JTO_USDC_PERP