Funding you earn now, next payment 00:00 UTC−0.0725%/8h= −79.4% APRpaid last 24h −0.147%
Price spread now: Gate against Phoenix+0.019%47s7-day average −0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$169as 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−$1261.263% of the position
Funding, last 7 days−0.430%−$43 on $10k
+Price spread, last 3 days (all we have)−0.319%−$32 · spread now +0.019%, 7d avg −0.154%
=The price spread pays, funding is against you. Gate is 0.173% dearer against Phoenix than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.154%): +$17 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.430% in total) that is about 2.8 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.430% in total (about -22.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5165 | 0.0312 | pay 0.0039% / 1h | 42m 31s | $371K | $262K | 5x |
| Short | Gate JTO_USDT | 0.5166 | −0.0413 | pay 0.0413% / 8h | 7h 42m | $914K | $1.2M | 75x |
Phoenix JTO
Gate JTO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$152.24
- Price spread: +0.019% → −0.154%
- $17.33
- Slippage, 4 orders
- −$104.32
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$261.22
- Costs to cover
- 1.263%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 29 min ago; Gate: live order book, 5 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, 29 min ago | 1.96 bp | 21.0 bp −$21 | 68.0 bp −$680 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 3.88 bp | 33.7 bp −$34 | 77.8 bp −$778 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDTshort | −0.0413% | 8h | 0.5166 | +0.019% | $914K | $1.2M | 75x | |
| Deribit JTO_USDC-PERPETUAL | −0.0330% | 1h | 0.5170 | +0.097% | $13K | $11K | 10x | as long as short |
| OKX JTO-USDT-SWAP | −0.0063% | 4h | 0.5172 | +0.136% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0004% | 8h | 0.5170 | +0.093% | $516 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5170 | +0.097% | $4K | $4K | 5x | as long as short |
| Bybit JTOUSDT | 0.0000% | 4h | 0.5178 | +0.252% | $7.6M | $13.6M | 50x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.247% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.717% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5164 | −0.012% | $101K | $187K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5183 | +0.348% | $7.1M | $3.1M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Bybit JTOUSDT
Reya JTORUSDPERP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5170 | +0.096% | $174K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5174 | +0.172% | $11.4M | $27.9M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5140 | −0.491% | $56K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5168 | +0.058% | $7.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5171 | +0.112% | $1.6M | $598K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5179 | +0.271% | $2.6M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5172 | +0.136% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5155 | −0.199% | $225K | $304K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5170 | +0.097% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5171 | +0.114% | $520K | $1.4M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5173 | +0.163% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0247% | 1h | 0.5175 | +0.193% | $349K | $312K | 25x | as long as short |
| Phoenix JTOlong | +0.0312% | 1h | 0.5165 | long leg | $371K | $262K | 5x | |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5170 | +0.097% | $66K | $123K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5166 | +0.019% | $621K | $604K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0679% | 1h | 0.5180 | +0.292% | $224K | $463K | 10x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bulk JTO-USD
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