JTO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0463%/8h= +50.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.113%

Price spread now: Phoenix against dYdX−0.064%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Phoenix is 0.064% cheaper against dYdX than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$14 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JTO-USD	0.5137	0	get 0.0000% / 1h	6m 11s	$4K	$4K	5x
Short	Phoenix JTO	0.5134	0.0463	get 0.0058% / 1h	6m 11s	$369K	$267K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against dYdX. 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

Position, each leg$Hold fordaysFee dYdXbpFee PhoenixbpOrdersPrice spread, now −0.064%Rate

Funding earned: $97.2
Price spread: −0.064% → 0.000%: −$6.44
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $73.76
Costs to cover: 0.170%
Break-even: 1.7 days

Slippage unknown: dYdX: no order-book sample; Phoenix: live order book, 10 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 dYdX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 10 min ago	1.95 bp	21.0 bp −$21	60.0 bp −$600	doesn't fit	doesn't fit

dYdX: 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-PERPETUAL	−0.0333%	1h	0.5141	+0.072%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0165%	8h	0.5138	+0.013%	$925K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0086%	4h	0.5136	−0.025%	$3.9M	$9.9M	50x	as long as short
Paradex JTO-USD-PERP	−0.0082%	8h	0.5133	−0.077%	$512	—	5x	as long as short
dYdX JTO-USDlong	0.0000%	1h	0.5137	long leg	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.826%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.198%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5144	+0.128%	$98K	$175K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5148	+0.214%	$7.2M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5143	+0.103%	$173K	$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	0.5139	+0.034%	$11.5M	$28.0M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5141	+0.072%	$7.3M	$13.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5109	−0.542%	$55K	$1K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5140	+0.052%	$7.2M	$3.8M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5141	+0.074%	$1.6M	$642K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5140	+0.052%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5139	+0.033%	—	$66.2M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5145	+0.148%	$226K	$494K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5115	−0.438%	$180K	$258K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5141	+0.072%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5138	+0.020%	$521K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5143	+0.105%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0304%	1h	0.5142	+0.091%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5130	−0.142%	$630K	$572K	75x	as long as short
Phoenix JTOshort	+0.0463%	1h	0.5134	−0.064%	$369K	$267K	5x
Kraken Futures PF_JTOUSD	+0.0517%	1h	0.5145	+0.151%	$349K	$313K	25x	as long as short