Funding you earn now, next payment 22:00 UTC−0.0439%/8h= −48.0% APRpaid last 24h −0.109%
Price spread now: Paradex against Phoenix−0.505%106s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Paradex is 0.505% cheaper against Phoenix than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 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 | 0.5158 | 0.0463 | pay 0.0058% / 1h | 31m 37s | $371K | $267K | 5x |
| Short | Paradex JTO-USD-PERP | 0.5132 | 0.0024 | get 0.0024% / 8h | 1h 31m | $512 | — | 5x |
Phoenix JTO
Paradex JTO-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$92.11
- Price spread: −0.505% → 0.000%
- −$50.48
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$153.59
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 50 min ago; Paradex: 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, 50 min ago | 1.93 bp | 20.7 bp −$21 | 68.2 bp −$682 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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-PERPETUAL | −0.0529% | 1h | 0.5130 | −0.543% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0164% | 8h | 0.5133 | −0.485% | $928K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0071% | 4h | 0.5129 | −0.562% | $3.9M | $9.9M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5134 | −0.459% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.390% | — | — | — | as long as short |
| Paradex JTO-USD-PERPshort | +0.0024% | 8h | 0.5132 | −0.505% | $512 | — | 5x | |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.587% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0064% | 1h | 0.5180 | +0.431% | $56K | $1K | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5139 | −0.366% | $98K | $174K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5142 | −0.318% | $7.2M | $3.1M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bulk JTO-USD
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 | 0.5136 | −0.418% | $172K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5133 | −0.486% | $11.5M | $27.9M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5135 | −0.446% | $7.4M | $13.7M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5133 | −0.485% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5140 | −0.349% | $1.6M | $642K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5134 | −0.465% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5133 | −0.485% | — | $63.6M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5136 | −0.434% | $225K | $506K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5155 | −0.060% | $183K | $259K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5129 | −0.562% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5132 | −0.507% | $521K | $854K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5132 | −0.504% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0304% | 1h | 0.5192 | +0.659% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5140 | −0.349% | $637K | $573K | 75x | as long as short |
| Phoenix JTOlong | +0.0463% | 1h | 0.5158 | long leg | $371K | $267K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0518% | 1h | 0.5138 | −0.392% | $348K | $314K | 25x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Kraken Futures PF_JTOUSD