Settings8H · net · $10k
Funding arb · Price arb /

JTO

all JTO markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0364%/8h= +39.8% APRpaid last 24h +0.085%
Price spread now: Phoenix against Binance+0.884%105s7-day average +0.183% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$720.716% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.384%+$38 on $10k
Price spread, last 4 days (all we have)−0.464%−$46 · spread now +0.884%, 7d avg +0.183%
Together, before fees−0.080%−$8 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 0.702% dearer against Binance than usual: you sell high and buy low: +$70 more if the spread goes back to its 7-day average of +0.183%. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance JTOUSDT0.50890.0100pay 0.0050% / 4h2h 31m$11.0M$28.0M75x
ShortPhoenix JTO0.51340.0464get 0.0058% / 1h31m 41s$379K$118K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$76.39
Price spread: +0.884% → +0.183%
$70.15
Slippage, 4 orders
−$54.61
Fee Binance: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$74.94
Costs to cover
0.716%
Break-even
0.1 days
Slippage from Binance: live order book, 10 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago0.98 bp14.1 bp −$1435.7 bp −$357312.0 bp −$31.2Kdoesn't fit
Sell Phoenix live order book, 15 min ago1.94 bp20.8 bp −$2160.3 bp −$603doesn't fitdoesn't fit

JTO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit JTO_USDC-PERPETUAL−0.0535%1h0.5091+0.039%$3K$20K10xas long as short
Gate JTO_USDT−0.0290%8h0.5086−0.059%$897K$1.0M75xas long as short
OKX JTO-USDT-SWAP−0.0009%4h0.5087−0.039%$3.8M$9.4M50xas long as short
dYdX JTO-USD0.0000%1h0.5090+0.024%$4K$4K5xas long as short
Reya JTORUSDPERP0.0000%1h0.5540+8.855%as long as short
Bybit JTOUSDT+0.0025%4h0.5088−0.020%$6.9M$14.1M50xas long as short
Injective JTO/USDC PERP+0.0033%1h0.4973−2.279%$31$43K5.5xas long as short
Paradex JTO-USD-PERP+0.0085%8h0.5087−0.038%$487$105xas long as short
Lighter JTO+0.0096%1h0.5094+0.098%$113K$229K10xas long as short
Hyperliquid JTO+0.0100%1h0.5095+0.126%$6.9M$3.0M5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster JTOUSDT+0.0100%4h0.5089−0.005%$121K$219K10xas long as short
Binance JTOUSDTlong+0.0100%4h0.5089long leg$11.0M$28.0M75x
MEXC JTO_USDT+0.0100%4h0.5086−0.059%$6.0M$3.5M50xas long as short
KuCoin JTOUSDTM+0.0100%4h0.5090+0.018%$1.5M$609K20xas long as short
Bitget JTOUSDT+0.0100%4h0.5087−0.039%$2.4M$2.3M50xas long as short
BingX JTO-USDT+0.0100%4h0.5086−0.059%$8.8Mas long as short
Variational Omni JTO+0.0100%4h0.5121+0.623%$219K$242Kas long as short
Orderly PERP_JTO_USDC_mythos+0.0100%4h0.5090+0.020%$3K$65210xas long as short
Bulk JTO-USD+0.0100%1h0.5084−0.098%$55K$2K10xas long as short
Extended JTO-USD+0.0104%1h0.5086−0.065%$512K$2.2M10xas long as short
Backpack JTO_USDC_PERP+0.0180%1h0.5099+0.198%$265K$309K10xas long as short
GMX JTO/USD [WBTC.b-USDC]L +0.0224% / S −0.2181%1h0.5096+0.136%$2K50xas long as short
BloFin JTO-USDT+0.0340%4h0.5090+0.020%$608K$528K75xas long as short
Coinbase International JTO-PERP-INTX+0.0440%1h0.5114+0.491%$58K$134K25xas long as short
Phoenix JTOshort+0.0464%1h0.5134+0.884%$379K$118K5x
Kraken Futures PF_JTOUSD+0.0486%1h0.5097+0.163%$327K$328K25xas long as short