Funding you earn now, next payment 23:00 UTC+0.0802%/8h= +87.8% APRnext payment +$1.00 per $10,000 · paid last 24h +0.224%
Price spread now: Phoenix against Deribit+0.137%7-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 +$24 a day on $10k at the current rate, and Phoenix is 0.137% dearer against Deribit than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit JTO_USDC-PERPETUAL | 0.5104 | −0.0337 | get 0.0042% / 1h | 20m 32s | $13K | $11K | 10x |
| Short | Phoenix JTO | 0.5111 | 0.0465 | get 0.0058% / 1h | 20m 32s | $367K | $266K | 5x |
Deribit JTO_USDC-PERPETUAL
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. 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
- $168.4
- Price spread: +0.137% → 0.000%
- $13.71
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $168.11
- Costs to cover
- 0.140%
- Break-even
- 0.0 days
Slippage unknown: Deribit: no order-book sample; Phoenix: live order book, 56 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 56 min ago | 1.95 bp | 21.0 bp −$21 | 60.0 bp −$600 | doesn't fit | doesn't fit |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUALlong | −0.0337% | 1h | 0.5104 | long leg | $13K | $11K | 10x | |
| Gate JTO_USDT | −0.0193% | 8h | 0.5105 | +0.020% | $905K | $1.5M | 75x | as long as short |
| Paradex JTO-USD-PERP | −0.0024% | 8h | 0.5107 | +0.068% | $510 | — | 5x | as long as short |
| OKX JTO-USDT-SWAP | −0.0013% | 4h | 0.5108 | +0.078% | $3.9M | $9.5M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5112 | +0.160% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.529% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.567% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0034% | 1h | 0.5106 | +0.029% | $55K | $1K | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5113 | +0.170% | $101K | $193K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5118 | +0.277% | $7.0M | $3.2M | 5x | as long as short |
Gate JTO_USDT
Paradex JTO-USD-PERP
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bulk JTO-USD
Lighter JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5112 | +0.160% | $172K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5109 | +0.098% | $11.3M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5113 | +0.176% | $7.4M | $13.9M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5110 | +0.118% | $7.0M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5110 | +0.118% | $1.6M | $631K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5111 | +0.137% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5109 | +0.098% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5105 | +0.026% | $223K | $305K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5104 | 0.000% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5108 | +0.077% | $518K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0108% | 1h | 0.5111 | +0.145% | $224K | $470K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5108 | +0.082% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0226% | 1h | 0.5110 | +0.122% | $345K | $313K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5172 | +1.332% | $57K | $115K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5105 | +0.020% | $626K | $608K | 75x | as long as short |
| Phoenix JTOshort | +0.0465% | 1h | 0.5111 | +0.137% | $367K | $266K | 5x |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT