Funding you earn now, next payment 23:00 UTC−0.0365%/8h= −39.9% APRpaid last 24h −0.085%
Price spread now: KuCoin against Phoenix−0.503%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$1741.739% of the position
Funding, last 7 days−0.342%−$34 on $10k
+Price spread, last 3 days (all we have)+0.178%+$18 · spread now −0.503%, 7d avg −0.099%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.404% cheaper against Phoenix than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.099%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5184 | 0.0465 | pay 0.0058% / 1h | 47m 11s | $372K | $266K | 5x |
| Short | KuCoin JTOUSDTM | 0.5158 | 0.0100 | get 0.0050% / 4h | 47m 11s | $1.6M | $638K | 20x |
Phoenix JTO
KuCoin JTOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$76.56
- Price spread: −0.503% → −0.099%
- −$40.42
- Slippage, 4 orders
- −$154.89
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$290.87
- Costs to cover
- 1.739%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 29 min ago; KuCoin: live order book, 9 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 | 1.95 bp | 21.0 bp −$21 | 67.9 bp −$679 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 11.56 bp | 68.7 bp −$69 | 732.6 bp −$7,326 | 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 | −0.0332% | 1h | 0.5151 | −0.637% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0150% | 8h | 0.5146 | −0.733% | $927K | $1.4M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0029% | 4h | 0.5152 | −0.617% | $3.9M | $9.6M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0022% | 8h | 0.5147 | −0.706% | $514 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5155 | −0.559% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.854% | — | — | — | as long as short |
| Bulk JTO-USD | +0.0023% | 1h | 0.5183 | −0.019% | $56K | $1K | 10x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.070% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5159 | −0.488% | $108K | $182K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5163 | −0.403% | $7.3M | $3.1M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Bulk JTO-USD
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 | 0.5157 | −0.522% | $173K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5154 | −0.579% | $11.5M | $28.0M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5156 | −0.540% | $7.3M | $13.8M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5154 | −0.579% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTMshort | +0.0100% | 4h | 0.5158 | −0.503% | $1.6M | $638K | 20x | |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5156 | −0.540% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5154 | −0.579% | — | $66.2M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5180 | −0.080% | $183K | $258K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5150 | −0.656% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5149 | −0.676% | $524K | $854K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5153 | −0.599% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0224% | 1h | 0.5157 | −0.519% | $350K | $311K | 25x | as long as short |
| Backpack JTO_USDC_PERP | +0.0239% | 1h | 0.5160 | −0.473% | $226K | $480K | 10x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5189 | +0.096% | $57K | $117K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5155 | −0.559% | $629K | $626K | 75x | as long as short |
| Phoenix JTOlong | +0.0465% | 1h | 0.5184 | long leg | $372K | $266K | 5x |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
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
Backpack JTO_USDC_PERP
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT