Funding you earn now, next payment 01:00 UTC+0.0366%/8h= +40.1% APRpaid last 24h +0.086%
Price spread now: Phoenix against Binance+0.719%7-day average +0.187% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$710.706% of the position
Funding, last 7 days+0.376%+$38 on $10k
+Price spread, last 4 days (all we have)+0.633%+$63 · spread now +0.719%, 7d avg +0.187%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.532% dearer against Binance than usual: you sell high and buy low: +$53 more if the spread goes back to its 7-day average of +0.187%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance JTOUSDT | 0.5132 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $11.3M | $27.1M | 75x |
| Short | Phoenix JTO | 0.5169 | 0.0466 | get 0.0058% / 1h | 55m 01s | $382K | $110K | 5x |
Binance JTOUSDT
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $76.85
- Price spread: +0.719% → +0.187%
- $53.21
- Slippage, 4 orders
- −$53.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $59.43
- Costs to cover
- 0.706%
- Break-even
- 1.6 days
Slippage from Binance: live order book, 1 min ago; Phoenix: live order book, 7 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 Binance live order book, 1 min ago | 0.97 bp | 12.2 bp −$12 | 32.6 bp −$326 | 319.8 bp −$32.0K | doesn't fit |
| Sell Phoenix live order book, 7 min ago | 1.93 bp | 20.8 bp −$21 | 60.3 bp −$603 | doesn't fit | doesn't fit |
JTO on 25 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 | 0.5129 | −0.061% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0245% | 8h | 0.5127 | −0.100% | $903K | $993K | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5140 | +0.157% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.936% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.100% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0083% | 8h | 0.5138 | +0.111% | $513 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5130 | −0.041% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5135 | +0.066% | $118K | $227K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5142 | +0.199% | $7.0M | $3.3M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5135 | +0.049% | $126K | $219K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDTlong | +0.0100% | 4h | 0.5132 | long leg | $11.3M | $27.1M | 75x | |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5136 | +0.076% | $7.5M | $13.4M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5133 | +0.017% | $3.9M | $9.2M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5132 | −0.002% | $6.5M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5138 | +0.117% | $1.6M | $570K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5134 | +0.037% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5133 | +0.017% | — | $68.0M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5173 | +0.800% | $223K | $288K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5137 | +0.099% | $56K | $15K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5130 | −0.040% | $517K | $1.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0188% | 1h | 0.5139 | +0.142% | $266K | $333K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5139 | +0.129% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0336% | 1h | 0.5179 | +0.914% | $60K | $135K | 25x | as long as short |
| Phoenix JTOshort | +0.0466% | 1h | 0.5169 | +0.719% | $382K | $110K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0678% | 1h | 0.5139 | +0.137% | $345K | $306K | 25x | as long as short |
Bybit JTOUSDT
OKX JTO-USDT-SWAP
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD