TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.4299−0.0173get 0.0022% / 1h52m 35s$279K$93K25xLong TxFlow5% off
SHORT0.430100.0000% / 1h52m 35s$143K$40K5xShort Phoenix
Price gap+0.047%59s
Funding gap+0.0173% /8h

Funding pays +$5 a day on $10k, but the gap is 0.195% under its 7d average: −$19 if it goes back, about 3.8 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$41+0.0173% /8h now · paid +0.411% over the last 7D
Price—spread +0.047%59s now · prices read too far apart to compare
Costs−$620.623% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropTxFlow: points · farm boardneeds both prices read together

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.047%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

JTO on 25 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Thin at this size9.5 / 22.2 bp
    At $10k entering Phoenix costs 22.2 bp, fee and slippage, 2.3× TxFlow’s.
  • Note: Margin at max leverage$400 + $2,000
    TxFlow 25x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$5.19Long TxFlow: 24 payments, +$5.19; short Phoenix: 24 payments, $0.00.
  • Watch: Prices read 59 s apart+0.047% vs +0.242%
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$143K vs $279K OI
    Phoenix sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points
    Volume here counts toward the points program.
  • OK: No KYC on either legTxFlow No · Phoenix No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0196%/8h × 21 periods+$41.07
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$46.26
Fee TxFlow bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$21.20
price spread not counted: prices read too far apart
Costs to cover0.623%Break-even10.6 days
Slippage: TxFlow: live order book, 58 min ago; Phoenix: live order book, 57 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGTxFlow1.179.5 bp−$1029.4 bp−$294431.9 bp−$43.2Kdoesn’t fit
SELL · SHORTPhoenix2.3422.2 bp−$2262.8 bp−$628doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

JTO news

posts that mention JTO, from every exchangeSearch all news →
09-28 15:16PhoenixContestIt’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗
09-25 14:48PhoenixContest$SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗
09-18 10:04DeribitListing🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗
09-17 15:30DeribitListing🚨 More new perpetual futures are coming to Deribit We are pleased to announce that tomorrow, September 18, 2026, at 10:00 AM UTC, Deribit is launching a new lineup of USDC-settled perpetuals. MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM Contract details: 🔹Settlement: USDC 🔹All contract details and specifications 🔽 Please note that these newly listed perpetual contracts are subject to our Auto-Deleveraging Mechanism (ADL) and are covered by the Liquidity Support Program (LSP). By trading any of the products listed above, you acknowledge and agree that the terms of ADL and LSP will apply. @DeribitOfficial on X ↗