Funding you earn now, next payment 22:00 UTC+0.0536%/8h= +58.7% APRpaid last 24h +0.095%
Price spread now: Phoenix against OKX+0.330%7-day average +0.210% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$730.731% of the position
Funding, last 7 days+0.389%+$39 on $10k
+Price spread, last 3 days (all we have)+0.159%+$16 · spread now +0.330%, 7d avg +0.210%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Phoenix is 0.120% dearer against OKX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.210%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX JTO-USDT-SWAP | 0.5148 | −0.0074 | get 0.0037% / 4h | 1h 34m | $3.9M | $9.9M | 50x |
| Short | Phoenix JTO | 0.5165 | 0.0463 | get 0.0058% / 1h | 34m 48s | $371K | $267K | 5x |
OKX JTO-USDT-SWAP
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $112.66
- Price spread: +0.330% → +0.210%
- $11.99
- Slippage, 4 orders
- −$56.07
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $51.58
- Costs to cover
- 0.731%
- Break-even
- 3.8 days
Slippage from OKX: live order book, 3 min ago; Phoenix: live order book, 46 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 OKX live order book, 3 min ago | 1.94 bp | 16.5 bp −$17 | 58.7 bp −$587 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 46 min ago | 1.93 bp | 20.8 bp −$21 | 60.0 bp −$600 | 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 | −0.0526% | 1h | 0.5153 | +0.097% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0163% | 8h | 0.5150 | +0.039% | $930K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAPlong | −0.0074% | 4h | 0.5148 | long leg | $3.9M | $9.9M | 50x | |
| dYdX JTO-USD | 0.0000% | 1h | 0.5150 | +0.045% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.601% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0024% | 8h | 0.5145 | −0.062% | $513 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.399% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0064% | 1h | 0.5180 | +0.626% | $56K | $1K | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5160 | +0.223% | $99K | $174K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5159 | +0.220% | $7.3M | $3.1M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Bulk JTO-USD
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 | 0.5156 | +0.153% | $173K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5149 | +0.019% | $11.6M | $27.9M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5154 | +0.117% | $7.4M | $13.7M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5150 | +0.039% | $7.2M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5157 | +0.175% | $1.6M | $641K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5150 | +0.039% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5148 | 0.000% | — | $63.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5155 | +0.134% | $183K | $259K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5153 | +0.097% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5148 | +0.002% | $523K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0143% | 1h | 0.5159 | +0.220% | $226K | $507K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5156 | +0.152% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0304% | 1h | 0.5192 | +0.855% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5151 | +0.058% | $637K | $575K | 75x | as long as short |
| Phoenix JTOshort | +0.0463% | 1h | 0.5165 | +0.330% | $371K | $267K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0516% | 1h | 0.5159 | +0.205% | $351K | $312K | 25x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
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
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Kraken Futures PF_JTOUSD