JTO

Alert

Funding spread now, next payment 18:00 UTC+0.0379%/8h

next payment, per $10,000+$0.47paid, last 24h+0.050%paid, last 7 days+0.261%to open and close $10k−$72

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.261% in total (about 13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JTO	0.5034	0.0100	pay 0.0013% / 1h	37m 00s	$7.1M	$3.8M	5x
Short	Phoenix JTO	0.5041	0.0479	get 0.0060% / 1h	37m 00s	$362K	$277K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee PhoenixbpOrdersRate

Funding earned: $79.56
Slippage, 4 orders: −$56
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $7.56
Break-even: 6.3 days

Slippage from Hyperliquid: live order book, 7 min ago; Phoenix: live order book, 61 min ago.

Price risk

price view

Price gap now: +0.135%
Avg gap 7d: −0.019%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Hyperliquid live order book, 7 min ago	0.30 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 61 min ago	1.96 bp	21.0 bp −$21	59.8 bp −$598	doesn't fit	doesn't fit

JTO on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit JTO_USDC-PERPETUAL	−0.0148%	1h	$22K	$561	10x	as long as short
OKX JTO-USDT-SWAP	−0.0111%	4h	$3.8M	$9.9M	50x	as long as short
Gate JTO_USDT	−0.0079%	8h	$921K	$1.6M	75x	as long as short
Paradex JTO-USD-PERP	−0.0054%	8h	$501	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	$31	$43K	5.5x	as long as short
Bybit JTOUSDT	+0.0078%	4h	$7.3M	$12.9M	50x	as long as short
Lighter JTO	+0.0096%	1h	$103K	$176K	10x	as long as short
Hyperliquid JTOlong	+0.0100%	1h	$7.1M	$3.8M	5x

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	$169K	$191K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	$11.4M	$28.7M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	$54K	$1K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	$7.0M	$4.1M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	$1.2M	$471K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	$2.5M	$2.5M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	—	$63.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	$178K	$260K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	$4K	$4K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	$499K	$844K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0320%	1h	$254K	$554K	10x	as long as short
BloFin JTO-USDT	+0.0340%	4h	$647K	$536K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0352%	1h	$56K	$136K	25x	as long as short
Kraken Futures PF_JTOUSD	+0.0362%	1h	$339K	$310K	25x	as long as short
Phoenix JTOshort	+0.0479%	1h	$362K	$277K	5x