Funding you earn now, next payment 02:00 UTC−0.0364%/8h= −39.9% APRnext payment −$0.46 per $10,000 · paid last 24h −0.090%
Price spread now: Bulk against Phoenix−0.652%51s7-day average — · you buy dearer than you sell
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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bulk is 0.652% cheaper against Phoenix than usual: you would sell low and buy high (−$65 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5191 | 0.0464 | pay 0.0058% / 1h | 16m 11s | $383K | $110K | 5x |
| Short | Bulk JTO-USD | 0.5157 | 0.0100 | get 0.0013% / 1h | 16m 11s | $56K | $15K | 10x |
Phoenix JTO
Bulk JTO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$76.5
- Price spread: −0.652% → 0.000%
- −$65.23
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$155.73
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 45 min ago; Bulk: no order-book sample. 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 Phoenix live order book, 45 min ago | 1.93 bp | 20.8 bp −$21 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell Bulk no order-book sample | — | — | — | — | — |
Bulk: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0522% | 1h | 0.5174 | −0.327% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0354% | 8h | 0.5175 | −0.308% | $902K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5179 | −0.232% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.713% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.200% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0083% | 8h | 0.5178 | −0.252% | $517 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5175 | −0.308% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5181 | −0.200% | $118K | $228K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5188 | −0.067% | $7.1M | $3.3M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5179 | −0.236% | $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 | 0.5171 | −0.378% | $11.3M | $27.2M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5174 | −0.327% | $7.3M | $13.9M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5171 | −0.385% | $3.9M | $9.3M | 50x | as long as short |
| Bulk JTO-USDshort | +0.0100% | 1h | 0.5157 | −0.652% | $56K | $15K | 10x | |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5172 | −0.366% | $6.7M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5180 | −0.216% | $1.6M | $586K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5177 | −0.270% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5178 | −0.250% | — | $68.0M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5191 | −0.009% | $225K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5176 | −0.289% | $520K | $1.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0147% | 1h | 0.5184 | −0.127% | $268K | $325K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5181 | −0.184% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0336% | 1h | 0.5197 | +0.116% | $60K | $135K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5173 | −0.347% | $478K | $507K | 75x | as long as short |
| Phoenix JTOlong | +0.0464% | 1h | 0.5191 | long leg | $383K | $110K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0672% | 1h | 0.5184 | −0.141% | $342K | $313K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
OKX JTO-USDT-SWAP
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
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