Funding you earn now, next payment 01:00 UTC+0.0366%/8h= +40.1% APRnext payment +$0.46 per $10,000 · paid last 24h +0.090%
Price spread now: Phoenix against Bulk+0.096%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.096% dearer against Bulk than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 | Bulk JTO-USD | 0.5132 | 0.0100 | pay 0.0013% / 1h | 44m 25s | $56K | $15K | 10x |
| Short | Phoenix JTO | 0.5137 | 0.0466 | get 0.0058% / 1h | 44m 25s | $379K | $114K | 5x |
Bulk JTO-USD
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bulk. 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: +0.096% → 0.000%
- $9.64
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $72.49
- Costs to cover
- 0.140%
- Break-even
- 0.4 days
Slippage unknown: Bulk: no order-book sample; Phoenix: live order book, 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 Bulk no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 22 min ago | 1.92 bp | 20.7 bp −$21 | 59.7 bp −$597 | doesn't fit | doesn't fit |
Bulk: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX JTO-USD | 0.0000% | 1h | 0.5119 | −0.254% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.940% | — | — | — | as long as short |
| Deribit JTO_USDC-PERPETUAL | 0.0000% | 1h | 0.5139 | +0.135% | $13K | $10K | 10x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.099% | $31 | $43K | 5.5x | as long as short |
| Gate JTO_USDT | +0.0046% | 8h | 0.5128 | −0.079% | $906K | $1.0M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0046% | 4h | 0.5132 | −0.001% | $3.9M | $9.4M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0066% | 8h | 0.5114 | −0.350% | $510 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5134 | +0.038% | $4K | $872 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5124 | −0.161% | $107K | $200K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5118 | −0.282% | $127K | $223K | 10x | as long as short |
dYdX JTO-USD
Reya JTORUSDPERP
Deribit JTO_USDC-PERPETUAL
Injective JTO/USDC PERP
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter 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 | 0.5137 | +0.097% | $11.3M | $27.7M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5141 | +0.174% | $7.5M | $13.5M | 50x | as long as short |
| Bulk JTO-USDlong | +0.0100% | 1h | 0.5132 | long leg | $56K | $15K | 10x | |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5130 | −0.040% | $6.9M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5129 | −0.057% | $1.6M | $577K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5139 | +0.135% | $2.4M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5140 | +0.155% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5124 | −0.153% | $221K | $433K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5131 | −0.026% | $223K | $296K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5135 | +0.060% | $520K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5136 | +0.074% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5139 | +0.135% | $59K | $135K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5133 | +0.019% | $622K | $568K | 75x | as long as short |
| Phoenix JTOshort | +0.0466% | 1h | 0.5137 | +0.096% | $379K | $114K | 5x | |
| Hyperliquid JTO | +0.0529% | 1h | 0.5140 | +0.159% | $7.2M | $3.0M | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0772% | 1h | 0.5141 | +0.169% | $347K | $307K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Hyperliquid JTO
Kraken Futures PF_JTOUSD