Funding you earn now, next payment 06:00 UTC−0.0367%/8h= −40.2% APRpaid last 24h −0.087%
Price spread now: Aster against Phoenix−0.284%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1361.362% of the position
Funding, last 6 days (all we have)−0.316%−$32 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.284%, 7d avg −0.104%
=Together, before fees−0.366%+ Points / potential airdropAster: Stage 5 · farm board−$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Aster is 0.180% cheaper against Phoenix than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.104%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5100 | 0.0467 | pay 0.0058% / 1h | 43m 17s | $376K | $118K | 5x |
| Short | Aster JTOUSDT | 0.5086 | 0.0100 | get 0.0050% / 4h | 1h 43m | $119K | $230K | 10x |
Phoenix JTO
Aster JTOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$77.07
- Price spread: −0.284% → −0.104%
- −$18.02
- Slippage, 4 orders
- −$121.16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$231.26
- Costs to cover
- 1.362%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 64 min ago; Aster: live order book, 63 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 Phoenix live order book, 64 min ago | 1.94 bp | 20.8 bp −$21 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell Aster live order book, 63 min ago | 11.65 bp | 28.6 bp −$29 | doesn't fit | 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 | −0.0537% | 1h | 0.5078 | −0.431% | $13K | $30K | 10x | as long as short |
| Gate JTO_USDT | −0.0163% | 8h | 0.5078 | −0.431% | $894K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5077 | −0.451% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.614% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.490% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0086% | 8h | 0.5077 | −0.456% | $486 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5086 | −0.275% | $114K | $240K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5088 | −0.245% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDTshort | +0.0100% | 4h | 0.5086 | −0.284% | $119K | $230K | 10x | |
| Binance JTOUSDT | +0.0100% | 4h | 0.5079 | −0.421% | $10.9M | $28.7M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5081 | −0.373% | $6.8M | $14.3M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5077 | −0.451% | $3.8M | $9.7M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5078 | −0.431% | $5.9M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5085 | −0.286% | $1.5M | $620K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5081 | −0.373% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5077 | −0.451% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5078 | −0.439% | $218K | $240K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5080 | −0.392% | $4K | $918 | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5081 | −0.381% | $55K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5075 | −0.485% | $512K | $2.2M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0221% | 1h | 0.5093 | −0.143% | $262K | $301K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5081 | −0.369% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5079 | −0.412% | $599K | $545K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0456% | 1h | 0.5089 | −0.216% | $59K | $136K | 25x | as long as short |
| Phoenix JTOlong | +0.0467% | 1h | 0.5100 | long leg | $376K | $118K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0847% | 1h | 0.5091 | −0.180% | $341K | $355K | 25x | as long as short |
Bybit JTOUSDT
OKX JTO-USDT-SWAP
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD