Funding you earn now, next payment 20:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.083%
Price spread now: Phoenix against MEXC+0.174%7-day average +0.184% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$500.500% of the position
Funding, last 7 days+0.372%+$37 on $10k
+Price spread, last 3 days (all we have)+0.574%+$57 · spread now +0.174%, 7d avg +0.184%
=The price spread sits at its 7-day average of +0.184%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC JTO_USDT | 0.5186 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $7.3M | $4.0M | 50x |
| Short | Phoenix JTO | 0.5195 | 0.0311 | get 0.0039% / 1h | 31m 10s | $374K | $269K | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against MEXC. 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
- $44.28
- Price spread: +0.174% → +0.184%
- −$1.08
- Slippage, 4 orders
- −$42.99
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$6.79
- Costs to cover
- 0.500%
- Break-even
- 8.1 days
Slippage from MEXC: live order book, 2 min ago; Phoenix: live order book, 15 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 MEXC live order book, 2 min ago | 0.96 bp | 3.7 bp −$4 | 12.5 bp −$125 | 77.2 bp −$7,720 | 185.7 bp −$92.9K |
| Sell Phoenix live order book, 15 min ago | 1.93 bp | 20.8 bp −$21 | 60.3 bp −$603 | 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 | −0.0521% | 1h | 0.5183 | −0.058% | $23K | $460 | 10x | as long as short |
| OKX JTO-USDT-SWAP | −0.0105% | 4h | 0.5184 | −0.039% | $3.9M | $9.9M | 50x | as long as short |
| Gate JTO_USDT | −0.0104% | 8h | 0.5181 | −0.096% | $942K | $1.6M | 75x | as long as short |
| Paradex JTO-USD-PERP | −0.0058% | 8h | 0.5178 | −0.163% | $517 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5185 | −0.010% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +6.816% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.107% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5189 | +0.054% | $99K | $183K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5196 | +0.201% | $7.3M | $3.2M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5180 | −0.124% | $174K | $176K | 10x | as long as short |
Show all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5185 | −0.019% | $11.6M | $27.8M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5189 | +0.058% | $7.7M | $13.3M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5184 | −0.042% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDTlong | +0.0100% | 4h | 0.5186 | long leg | $7.3M | $4.0M | 50x | |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5188 | +0.033% | $1.6M | $539K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5187 | +0.019% | $2.6M | $2.5M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5186 | 0.000% | — | $63.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5174 | −0.240% | $183K | $260K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5180 | −0.116% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5177 | −0.170% | $516K | $844K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5181 | −0.090% | $2K | — | 50x | as long as short |
| Phoenix JTOshort | +0.0311% | 1h | 0.5195 | +0.174% | $374K | $269K | 5x | |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5192 | +0.116% | $57K | $129K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5184 | −0.039% | $647K | $566K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0429% | 1h | 0.5191 | +0.100% | $265K | $533K | 10x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0872% | 1h | 0.5192 | +0.122% | $354K | $329K | 25x | as long as short |
MEXC JTO_USDT
Phoenix JTO
Deribit JTO_USDC-PERPETUAL
OKX JTO-USDT-SWAP
Gate JTO_USDT
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
Bulk JTO-USD
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP
Kraken Futures PF_JTOUSD