Funding you earn now, next payment 03:00 UTC−0.0365%/8h= −40.0% APRnext payment −$0.46 per $10,000 · paid last 24h −0.087%
Price spread now: Extended against Phoenix−1.018%88s7-day average −0.217% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$790.786% of the position
Funding, last 7 days−0.375%−$38 on $10k
+Price spread, last 4 days (all we have)+0.202%+$20 · spread now −1.018%, 7d avg −0.217%
=Together, before fees−0.173%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Extended is 0.801% cheaper against Phoenix than usual: you would sell low and buy high (−$80 if the spread goes back to its 7-day average of −0.217%). Swap the legs. The two prices were read 88 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 | 0.5150 | 0.0469 | pay 0.0059% / 1h | 52m 03s | $380K | $110K | 5x |
| Short | Extended JTO-USD | 0.5098 | 0.0104 | get 0.0013% / 1h | 52m 03s | $515K | $1.7M | 10x |
Phoenix JTO
Extended JTO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$76.73
- Price spread: −1.018% → −0.217%
- −$80.06
- Slippage, 4 orders
- −$66.64
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$235.44
- Costs to cover
- 0.786%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 5 min ago; Extended: live order book, 1 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, 5 min ago | 1.94 bp | 20.8 bp −$21 | 67.1 bp −$671 | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 3.03 bp | 17.4 bp −$17 | 143.5 bp −$1,435 | doesn't fit | 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 | −0.0729% | 1h | 0.5102 | −0.932% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0438% | 8h | 0.5104 | −0.893% | $889K | $997K | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5116 | −0.658% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.565% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.437% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0079% | 8h | 0.5105 | −0.882% | $509 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5103 | −0.913% | $3K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5106 | −0.862% | $117K | $226K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5108 | −0.817% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5110 | −0.782% | $125K | $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 | 0.5098 | −1.010% | $11.1M | $27.3M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5099 | −0.990% | $7.1M | $13.9M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5097 | −1.029% | $3.8M | $9.3M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5138 | −0.231% | $56K | $17K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5099 | −0.990% | $6.6M | $3.3M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5110 | −0.779% | $1.5M | $596K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5100 | −0.971% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5099 | −0.990% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5109 | −0.798% | $266K | $316K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5146 | −0.084% | $223K | $288K | — | as long as short |
| Extended JTO-USDshort | +0.0104% | 1h | 0.5098 | −1.018% | $515K | $1.7M | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5106 | −0.850% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5121 | −0.563% | $619K | $502K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0416% | 1h | 0.5147 | −0.058% | $59K | $136K | 25x | as long as short |
| Phoenix JTOlong | +0.0469% | 1h | 0.5150 | long leg | $380K | $110K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0736% | 1h | 0.5108 | −0.819% | $335K | $312K | 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
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD