Funding you earn now, next payment 04:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.091%
Price spread now: Variational Omni against Phoenix−0.153%84s7-day average −0.117% · 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)−0.237%−$24 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now −0.153%, 7d avg −0.117%
=Together, before fees−0.424%+ Points / potential airdropVariational Omni: Active · farm board−$42 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.036% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.117%). Swap the legs. The two prices were read 84 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 | 0.5153 | 0.0310 | pay 0.0039% / 1h | 32m 01s | $380K | $114K | 5x |
| Short | Variational Omni JTO | 0.5145 | 0.0100 | get 0.0050% / 4h | 3h 32m | $223K | $239K | — |
Phoenix JTO
Variational Omni JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$44.05
- Price spread: −0.153% → −0.117%
- −$3.6
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$54.65
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 20 min ago; Variational Omni: RFQ quote, 22 min ago. 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, 20 min ago | 1.93 bp | 20.8 bp −$21 | 68.3 bp −$683 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 22 min ago | 5.80 bp | doesn't fit | 73.4 bp −$734 | 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_USDT | −0.0359% | 8h | 0.5152 | −0.019% | $896K | $1.0M | 75x | as long as short |
| Bybit JTOUSDT | −0.0325% | 4h | 0.5159 | +0.116% | $7.1M | $14.0M | 50x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0138% | 1h | 0.5158 | +0.097% | $13K | $10K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5153 | 0.000% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.502% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.493% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0086% | 8h | 0.5152 | −0.028% | $514 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5155 | +0.039% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5162 | +0.179% | $118K | $226K | 10x | as long as short |
| OKX JTO-USDT-SWAP | +0.0098% | 4h | 0.5157 | +0.078% | $3.9M | $9.4M | 50x | as long as short |
Gate JTO_USDT
Bybit JTOUSDT
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-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid JTO | +0.0100% | 1h | 0.5166 | +0.250% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5161 | +0.149% | $123K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5160 | +0.136% | $11.3M | $27.6M | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5158 | +0.097% | $6.2M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5155 | +0.047% | $1.5M | $603K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5160 | +0.136% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5160 | +0.136% | — | $27.6M | — | as long as short |
| Variational Omni JTOshort | +0.0100% | 4h | 0.5145 | −0.153% | $223K | $239K | — | |
| Bulk JTO-USD | +0.0100% | 1h | 0.5145 | −0.155% | $56K | $17K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5156 | +0.067% | $519K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5159 | +0.109% | $2K | — | 50x | as long as short |
| Phoenix JTOlong | +0.0310% | 1h | 0.5153 | long leg | $380K | $114K | 5x | |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5141 | −0.233% | $616K | $535K | 75x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0378% | 1h | 0.5161 | +0.158% | $336K | $312K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5182 | +0.563% | $59K | $138K | 25x | as long as short |
| Backpack JTO_USDC_PERP | +0.0637% | 1h | 0.5167 | +0.266% | $267K | $311K | 10x | as long as short |
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
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