Funding you earn now, next payment 03:00 UTC+0.0385%/8h= +42.1% APRpaid last 24h +0.120%
Price spread now: Phoenix against Paradex+0.179%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Phoenix is 0.179% dearer against Paradex than usual: you sell high and buy low: +$18 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 | Paradex JTO-USD-PERP | 0.5158 | 0.0085 | pay 0.0085% / 8h | 3h 54m | $515 | — | 5x |
| Short | Phoenix JTO | 0.5167 | 0.0469 | get 0.0059% / 1h | 54m 59s | $381K | $114K | 5x |
Paradex JTO-USD-PERP
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Paradex. 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
- $80.77
- Price spread: +0.179% → 0.000%
- $17.93
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $87.7
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 62 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 62 min ago | 1.94 bp | 20.8 bp −$21 | 59.5 bp −$595 | doesn't fit | doesn't fit |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0342% | 8h | 0.5176 | +0.354% | $901K | $998K | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0329% | 1h | 0.5174 | +0.315% | $13K | $10K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5160 | +0.046% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.404% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.582% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERPlong | +0.0085% | 8h | 0.5158 | long leg | $515 | — | 5x | |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5173 | +0.296% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5182 | +0.480% | $118K | $226K | 10x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5176 | +0.354% | $3.9M | $9.4M | 50x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5188 | +0.579% | $7.0M | $3.0M | 5x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
OKX JTO-USDT-SWAP
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5173 | +0.304% | $125K | $218K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5177 | +0.374% | $11.3M | $27.6M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5178 | +0.393% | $7.1M | $14.0M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5177 | +0.373% | $6.3M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5181 | +0.449% | $1.6M | $603K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5180 | +0.431% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5177 | +0.373% | — | $68.0M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5154 | −0.081% | $223K | $246K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5141 | −0.325% | $56K | $17K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5176 | +0.349% | $521K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5175 | +0.334% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5167 | +0.179% | $619K | $537K | 75x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0377% | 1h | 0.5179 | +0.406% | $337K | $312K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5177 | +0.373% | $59K | $137K | 25x | as long as short |
| Phoenix JTOshort | +0.0469% | 1h | 0.5167 | +0.179% | $381K | $114K | 5x | |
| Backpack JTO_USDC_PERP | +0.0709% | 1h | 0.5186 | +0.554% | $267K | $315K | 10x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Bulk JTO-USD
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