Funding you earn now, next payment 09:00 UTC+0.0369%/8h= +40.4% APRpaid last 24h +0.087%
Price spread now: Phoenix against Variational Omni+0.261%7-day average +0.127% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.258%+$26 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.261%, 7d avg +0.127%
=Together, before fees+0.303%+ Points / potential airdropVariational Omni: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.135% dearer against Variational Omni than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.127%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni JTO | 0.5051 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $218K | $192K | — |
| Short | Phoenix JTO | 0.5064 | 0.0469 | get 0.0059% / 1h | 57m 10s | $358K | $121K | 5x |
Variational Omni JTO
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $77.4
- Price spread: +0.261% → +0.127%
- $13.45
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $83.85
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Phoenix: live order book, 53 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 Variational Omni RFQ quote, 54 min ago | 6.95 bp | doesn't fit | 112.2 bp −$1,122 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 53 min ago | 1.98 bp | 21.2 bp −$21 | 60.5 bp −$605 | doesn't fit | doesn't fit |
JTO on 26 exchanges
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 | −0.0541% | 1h | 0.5050 | −0.016% | $23K | $40K | 10x | as long as short |
| Kraken Futures PF_JTOUSD | −0.0317% | 1h | 0.5050 | −0.015% | $330K | $402K | 25x | as long as short |
| Bybit JTOUSDT | −0.0143% | 4h | 0.5049 | −0.036% | $6.6M | $13.3M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5055 | +0.079% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +9.674% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −1.541% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0048% | 8h | 0.5051 | +0.010% | $484 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5057 | +0.130% | $113K | $205K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5057 | +0.130% | $6.8M | $2.8M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5056 | +0.103% | $117K | $204K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Kraken Futures PF_JTOUSD
Bybit JTOUSDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5047 | −0.071% | $10.5M | $25.7M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5046 | −0.095% | $3.7M | $9.1M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5062 | +0.225% | $55K | −$0 | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5054 | +0.063% | $877K | $852K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5047 | −0.075% | $6.0M | $3.0M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5051 | +0.004% | $1.4M | $590K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5054 | +0.063% | $2.2M | $2.2M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5051 | +0.004% | — | $8.3M | — | as long as short |
| Variational Omni JTOlong | +0.0100% | 4h | 0.5051 | long leg | $218K | $192K | — | |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5051 | +0.004% | $4K | $798 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5048 | −0.048% | $519K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5053 | +0.053% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5048 | −0.056% | $573K | $522K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0354% | 1h | 0.5060 | +0.184% | $235K | $337K | 10x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5071 | +0.400% | $55K | $122K | 25x | as long as short |
| Phoenix JTOshort | +0.0469% | 1h | 0.5064 | +0.261% | $358K | $121K | 5x |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Backpack JTO_USDC_PERP
Coinbase International JTO-PERP-INTX