Funding you earn now, next payment 09:00 UTC−0.0029%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h −0.007%
Price spread now: Coinbase International against Phoenix+0.138%72s7-day average +0.224% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.138%, 7d avg +0.224%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.086% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.224%). Swap the legs. The two prices were read 72 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 | 0.5064 | 0.0469 | pay 0.0059% / 1h | 58m 10s | $358K | $121K | 5x |
| Short | Coinbase International JTO-PERP-INTX | 0.5071 | 0.0440 | get 0.0055% / 1h | 58m 10s | $55K | $122K | 25x |
Phoenix JTO
Coinbase International JTO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$6
- Price spread: +0.138% → +0.224%
- −$8.56
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$31.56
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 52 min ago; Coinbase International: live order book, 52 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 Phoenix live order book, 52 min ago | 1.98 bp | 21.2 bp −$21 | 68.1 bp −$681 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 52 min ago | 14.85 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
JTO on 26 exchanges
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 | −0.0541% | 1h | 0.5054 | −0.197% | $23K | $40K | 10x | as long as short |
| Kraken Futures PF_JTOUSD | −0.0316% | 1h | 0.5055 | −0.186% | $330K | $402K | 25x | as long as short |
| Bybit JTOUSDT | −0.0129% | 4h | 0.5054 | −0.197% | $6.6M | $13.3M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5059 | −0.102% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +9.389% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −1.797% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0052% | 8h | 0.5052 | −0.242% | $484 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5059 | −0.099% | $113K | $205K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5061 | −0.063% | $6.8M | $2.8M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5059 | −0.094% | $117K | $205K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Kraken Futures PF_JTOUSD
Bybit JTOUSDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5052 | −0.237% | $10.5M | $25.7M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5053 | −0.217% | $3.7M | $9.2M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5062 | −0.036% | $55K | −$0 | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5056 | −0.158% | $877K | $852K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5052 | −0.237% | $6.0M | $3.0M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5055 | −0.172% | $1.4M | $590K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5054 | −0.197% | $2.2M | $2.2M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5053 | −0.217% | — | $8.3M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5051 | −0.260% | $218K | $192K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5055 | −0.178% | $4K | $798 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5050 | −0.268% | $519K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5053 | −0.209% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5048 | −0.316% | $574K | $522K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0354% | 1h | 0.5060 | −0.077% | $235K | $337K | 10x | as long as short |
| Coinbase International JTO-PERP-INTXshort | +0.0440% | 1h | 0.5071 | +0.138% | $55K | $122K | 25x | |
| Phoenix JTOlong | +0.0469% | 1h | 0.5064 | long leg | $358K | $121K | 5x |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Backpack JTO_USDC_PERP