Funding you earn now, next payment 22:00 UTC−0.0363%/8h= −39.7% APRpaid last 24h −0.083%
Price spread now: BingX against Phoenix+0.077%7-day average −0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$690.688% of the position
Funding, last 7 days−0.341%−$34 on $10k
+Price spread, last 3 days (all we have)−0.527%−$53 · spread now +0.077%, 7d avg −0.168%
=The price spread pays, funding is against you. BingX is 0.245% dearer against Phoenix than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.168%): +$24 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.341% in total) that is about 5.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5175 | 0.0463 | pay 0.0058% / 1h | 56m 51s | $372K | $266K | 5x |
| Short | BingX JTO-USDT | 0.5179 | 0.0100 | get 0.0050% / 4h | 56m 51s | — | $66.2M | — |
Phoenix JTO
BingX JTO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$76.2
- Price spread: +0.077% → −0.168%
- $24.49
- Slippage, 4 orders
- −$51.77
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$120.49
- Costs to cover
- 0.688%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 20 min ago; BingX: live order book, 7 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, 20 min ago | 1.95 bp | 21.0 bp −$21 | 67.9 bp −$679 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 2.91 bp | 14.1 bp −$14 | 31.7 bp −$317 | 192.2 bp −$19.2K | 556.7 bp −$278.3K |
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 | −0.0329% | 1h | 0.5175 | 0.000% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0143% | 8h | 0.5179 | +0.077% | $932K | $1.4M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0067% | 4h | 0.5179 | +0.077% | $3.9M | $9.8M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0053% | 8h | 0.5169 | −0.114% | $516 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5175 | +0.004% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.040% | — | — | — | as long as short |
| Bulk JTO-USD | +0.0024% | 1h | 0.5153 | −0.419% | $56K | $1K | 10x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.903% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5181 | +0.112% | $98K | $172K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5183 | +0.164% | $7.3M | $3.1M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Bulk JTO-USD
Injective JTO/USDC 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 | 0.5179 | +0.077% | $174K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5180 | +0.097% | $11.6M | $28.0M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5184 | +0.174% | $7.4M | $13.8M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5180 | +0.097% | $7.2M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5174 | −0.019% | $1.6M | $641K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5183 | +0.155% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDTshort | +0.0100% | 4h | 0.5179 | +0.077% | — | $66.2M | — | |
| Variational Omni JTO | +0.0100% | 4h | 0.5152 | −0.448% | $182K | $258K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5175 | 0.000% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5175 | −0.003% | $524K | $854K | 10x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0223% | 1h | 0.5183 | +0.148% | $351K | $312K | 25x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5177 | +0.045% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5173 | −0.039% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5172 | −0.058% | $629K | $629K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0362% | 1h | 0.5181 | +0.110% | $227K | $485K | 10x | as long as short |
| Phoenix JTOlong | +0.0463% | 1h | 0.5175 | long leg | $372K | $266K | 5x |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Kraken Futures PF_JTOUSD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP