Funding you earn now, next payment 22:00 UTC+0.0363%/8h= +39.7% APRpaid last 24h +0.083%
Price spread now: Phoenix against BingX+0.333%109s7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days+0.341%+$34 on $10k
+Price spread, last 3 days (all we have)+0.117%+$12 · spread now +0.333%, 7d avg +0.168%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.165% dearer against BingX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.168%. The two prices were read 109 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 | BingX JTO-USDT | 0.5111 | 0.0100 | pay 0.0050% / 4h | 1h 13m | — | $63.8M | — |
| Short | Phoenix JTO | 0.5128 | 0.0463 | get 0.0058% / 1h | 13m 39s | $369K | $267K | 5x |
BingX JTO-USDT
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BingX. 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
- $76.2
- Price spread: +0.333% → +0.168%
- $16.51
- Slippage, 4 orders
- −$49.57
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $26.13
- Costs to cover
- 0.666%
- Break-even
- 4.6 days
Slippage from BingX: live order book, 5 min ago; Phoenix: 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 BingX live order book, 5 min ago | 1.95 bp | 9.5 bp −$10 | 25.2 bp −$252 | 172.6 bp −$17.3K | 540.9 bp −$270.4K |
| Sell Phoenix live order book, 3 min ago | 1.95 bp | 21.0 bp −$21 | 60.0 bp −$600 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0727% | 1h | 0.5114 | +0.059% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0175% | 8h | 0.5117 | +0.117% | $921K | $1.5M | 75x | as long as short |
| Paradex JTO-USD-PERP | −0.0076% | 8h | 0.5108 | −0.061% | $510 | — | 5x | as long as short |
| OKX JTO-USDT-SWAP | −0.0071% | 4h | 0.5107 | −0.078% | $3.9M | $9.9M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5119 | +0.157% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.381% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.700% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5117 | +0.123% | $97K | $175K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5119 | +0.149% | $7.2M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5117 | +0.112% | $172K | $176K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
Paradex JTO-USD-PERP
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5108 | −0.053% | $11.4M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5113 | +0.039% | $7.3M | $13.8M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5110 | −0.020% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5118 | +0.129% | $1.6M | $643K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5111 | 0.000% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDTlong | +0.0100% | 4h | 0.5111 | long leg | — | $63.8M | — | |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5122 | +0.219% | $225K | $502K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5117 | +0.115% | $180K | $258K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5115 | +0.078% | $4K | $2K | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5124 | +0.254% | $56K | $1K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5107 | −0.073% | $518K | $854K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5117 | +0.125% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0304% | 1h | 0.5131 | +0.391% | $56K | $124K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5115 | +0.078% | $633K | $571K | 75x | as long as short |
| Phoenix JTOshort | +0.0463% | 1h | 0.5128 | +0.333% | $369K | $267K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0519% | 1h | 0.5125 | +0.271% | $347K | $313K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Kraken Futures PF_JTOUSD