Funding you earn now, next payment 23:00 UTC+0.0361%/8h= +39.5% APRnext payment +$0.45 per $10,000 · paid last 24h +0.083%
Price spread now: Phoenix against Extended+0.078%7-day average +0.219% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$760.764% of the position
Funding, last 7 days+0.367%+$37 on $10k
+Price spread, last 3 days (all we have)+0.426%+$43 · spread now +0.078%, 7d avg +0.219%
=Together, before fees+0.793%+ Points / potential airdropExtended: Active · farm board+$79 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.141% cheaper against Extended than usual: you would sell low and buy high (spread +0.078% now, against its 7-day average of +0.219%). If the spread goes back, that is −$14 on $10k: about 31 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.367% in total) that is about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended JTO-USD | 0.5107 | 0.0104 | pay 0.0013% / 1h | 20m 57s | $518K | $854K | 10x |
| Short | Phoenix JTO | 0.5111 | 0.0465 | get 0.0058% / 1h | 20m 57s | $367K | $266K | 5x |
Extended JTO-USD
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $75.72
- Price spread: +0.078% → +0.219%
- −$14.08
- Slippage, 4 orders
- −$64.36
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$14.72
- Costs to cover
- 0.764%
- Break-even
- 8.4 days
Slippage from Extended: live order book, 57 min ago; Phoenix: live order book, 55 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 Extended live order book, 57 min ago | 2.35 bp | 17.2 bp −$17 | 118.5 bp −$1,185 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 55 min ago | 1.95 bp | 21.0 bp −$21 | 60.0 bp −$600 | 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 | −0.0337% | 1h | 0.5104 | −0.059% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0195% | 8h | 0.5105 | −0.039% | $905K | $1.5M | 75x | as long as short |
| Paradex JTO-USD-PERP | −0.0026% | 8h | 0.5099 | −0.149% | $509 | — | 5x | as long as short |
| OKX JTO-USDT-SWAP | −0.0013% | 4h | 0.5107 | 0.000% | $3.8M | $9.5M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5105 | −0.037% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.465% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.624% | $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 | 0.5108 | +0.010% | $100K | $193K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5114 | +0.133% | $7.0M | $3.2M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
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 | 0.5110 | +0.063% | $172K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5110 | +0.059% | $11.3M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5114 | +0.137% | $7.4M | $13.9M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5108 | +0.020% | $7.0M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5110 | +0.055% | $1.6M | $631K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5110 | +0.059% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5110 | +0.059% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5105 | −0.033% | $223K | $305K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5104 | −0.059% | $4K | $2K | 10x | as long as short |
| Extended JTO-USDlong | +0.0104% | 1h | 0.5107 | long leg | $518K | $854K | 10x | |
| Backpack JTO_USDC_PERP | +0.0108% | 1h | 0.5111 | +0.086% | $224K | $470K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5108 | +0.023% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0226% | 1h | 0.5110 | +0.063% | $345K | $313K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5172 | +1.273% | $57K | $115K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5105 | −0.039% | $626K | $608K | 75x | as long as short |
| Phoenix JTOshort | +0.0465% | 1h | 0.5111 | +0.078% | $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
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT