Funding you earn now, next payment 00:00 UTC−0.0643%/8h= −70.4% APRnext payment −$0.80 per $10,000 · paid last 24h −0.226%
Price spread now: Deribit against Phoenix−0.482%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$19 a day on $10k at the current rate, and Deribit is 0.482% cheaper against Phoenix than usual: you would sell low and buy high (−$48 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5184 | 0.0312 | pay 0.0039% / 1h | 13m 06s | $383K | $262K | 5x |
| Short | Deribit JTO_USDC-PERPETUAL | 0.5159 | −0.0331 | pay 0.0041% / 1h | 13m 06s | $13K | $10K | 10x |
Phoenix JTO
Deribit JTO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$135.06
- Price spread: −0.482% → 0.000%
- −$48.23
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$197.28
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 58 min ago; Deribit: 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, 58 min ago | 1.96 bp | 21.0 bp −$21 | 68.0 bp −$680 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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-PERPETUALshort | −0.0331% | 1h | 0.5159 | −0.482% | $13K | $10K | 10x | |
| OKX JTO-USDT-SWAP | −0.0025% | 4h | 0.5152 | −0.617% | $3.9M | $9.4M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5161 | −0.440% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.855% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.070% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0036% | 8h | 0.5162 | −0.427% | $515 | — | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5161 | −0.449% | $99K | $189K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5160 | −0.469% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5164 | −0.379% | $173K | $157K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5152 | −0.616% | $11.4M | $27.6M | 75x | as long as short |
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5154 | −0.579% | $7.6M | $13.3M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5147 | −0.714% | $63K | $8K | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5159 | −0.482% | $912K | $1.2M | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5154 | −0.579% | $7.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5165 | −0.368% | $1.6M | $596K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5154 | −0.579% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5154 | −0.579% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5174 | −0.199% | $226K | $299K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5160 | −0.463% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5158 | −0.504% | $519K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5162 | −0.429% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0247% | 1h | 0.5166 | −0.352% | $349K | $310K | 25x | as long as short |
| Phoenix JTOlong | +0.0312% | 1h | 0.5184 | long leg | $383K | $262K | 5x | |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5160 | −0.463% | $63K | $129K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5160 | −0.463% | $623K | $593K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0365% | 1h | 0.5160 | −0.457% | $223K | $460K | 10x | as long as short |
Bybit JTOUSDT
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]
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP