Funding you earn now, next payment 02:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.014%
Price spread now: BloFin against Phoenix−0.583%7-day average −0.193% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$790.793% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.583%, 7d avg −0.193%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.390% cheaper against Phoenix than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.193%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5143 | 0.0464 | pay 0.0058% / 1h | 38m 10s | $380K | $110K | 5x |
| Short | BloFin JTO-USDT | 0.5113 | 0.0340 | get 0.0170% / 4h | 1h 38m | $619K | $511K | 75x |
Phoenix JTO
BloFin JTO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$26.1
- Price spread: −0.583% → −0.193%
- −$39.04
- Slippage, 4 orders
- −$60.27
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$144.41
- Costs to cover
- 0.793%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 23 min ago; BloFin: live order book, 3 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, 23 min ago | 1.93 bp | 20.8 bp −$21 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 2.93 bp | 20.0 bp −$20 | 32.6 bp −$326 | 129.5 bp −$12.9K | 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 | −0.0530% | 1h | 0.5123 | −0.389% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0338% | 8h | 0.5121 | −0.428% | $894K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5124 | −0.370% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.711% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.305% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0078% | 8h | 0.5124 | −0.361% | $511 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5123 | −0.389% | $3K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5130 | −0.257% | $117K | $228K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5131 | −0.239% | $7.0M | $3.3M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5127 | −0.310% | $126K | $219K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5120 | −0.453% | $11.2M | $27.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5121 | −0.428% | $7.3M | $13.7M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5117 | −0.506% | $3.9M | $9.2M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5097 | −0.894% | $55K | $15K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5122 | −0.408% | $6.7M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5127 | −0.303% | $1.6M | $587K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5120 | −0.447% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5121 | −0.428% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5129 | −0.280% | $267K | $330K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5123 | −0.389% | $222K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5122 | −0.417% | $517K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5126 | −0.332% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0336% | 1h | 0.5133 | −0.194% | $59K | $134K | 25x | as long as short |
| BloFin JTO-USDTshort | +0.0340% | 4h | 0.5113 | −0.583% | $619K | $511K | 75x | |
| Phoenix JTOlong | +0.0464% | 1h | 0.5143 | long leg | $380K | $110K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0679% | 1h | 0.5128 | −0.286% | $345K | $306K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD