Funding you earn now, next payment 03:00 UTC−0.0369%/8h= −40.4% APRpaid last 24h −0.088%
Price spread now: MEXC against Phoenix+0.213%7-day average −0.185% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 7 days−0.381%−$38 on $10k
+Price spread, last 4 days (all we have)−0.785%−$79 · spread now +0.213%, 7d avg −0.185%
=The price spread pays, funding is against you. MEXC is 0.398% dearer against Phoenix than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of −0.185%): +$40 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.381% in total) that is about 7.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5167 | 0.0469 | pay 0.0059% / 1h | 54m 55s | $381K | $114K | 5x |
| Short | MEXC JTO_USDT | 0.5178 | 0.0100 | get 0.0050% / 4h | 3h 54m | $6.3M | $3.4M | 50x |
Phoenix JTO
MEXC JTO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$77.57
- Price spread: +0.213% → −0.185%
- $39.79
- Slippage, 4 orders
- −$42.07
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$86.85
- Costs to cover
- 0.491%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 62 min ago; MEXC: live order book, 3 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, 62 min ago | 1.94 bp | 20.8 bp −$21 | 67.1 bp −$671 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.97 bp | 2.7 bp −$3 | 14.9 bp −$149 | 74.3 bp −$7,433 | 179.5 bp −$89.7K |
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_USDT | −0.0342% | 8h | 0.5176 | +0.174% | $901K | $998K | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0329% | 1h | 0.5174 | +0.135% | $13K | $10K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5160 | −0.133% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.211% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.755% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0085% | 8h | 0.5158 | −0.179% | $515 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5173 | +0.116% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5182 | +0.300% | $118K | $226K | 10x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5173 | +0.116% | $3.9M | $9.4M | 50x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5183 | +0.308% | $7.0M | $3.0M | 5x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
OKX JTO-USDT-SWAP
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5179 | +0.235% | $125K | $218K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5179 | +0.226% | $11.3M | $27.5M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5178 | +0.213% | $7.1M | $14.0M | 50x | as long as short |
| MEXC JTO_USDTshort | +0.0100% | 4h | 0.5178 | +0.213% | $6.3M | $3.4M | 50x | |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5181 | +0.279% | $1.6M | $603K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5180 | +0.252% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5177 | +0.194% | — | $68.0M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5154 | −0.259% | $223K | $246K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5141 | −0.503% | $56K | $17K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5176 | +0.169% | $521K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5175 | +0.154% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5167 | 0.000% | $619K | $537K | 75x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0377% | 1h | 0.5179 | +0.226% | $337K | $312K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5177 | +0.194% | $59K | $137K | 25x | as long as short |
| Phoenix JTOlong | +0.0469% | 1h | 0.5167 | long leg | $381K | $114K | 5x | |
| Backpack JTO_USDC_PERP | +0.0709% | 1h | 0.5186 | +0.374% | $267K | $315K | 10x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
Backpack JTO_USDC_PERP