Funding you earn now, next payment 06:00 UTC+0.0367%/8h= +40.2% APRpaid last 24h +0.087%
Price spread now: Phoenix against KuCoin+0.226%78s7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1861.861% of the position
Funding, last 7 days+0.355%+$36 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.226%, 7d avg +0.098%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.128% dearer against KuCoin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.098%. The two prices were read 78 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 | KuCoin JTOUSDTM | 0.5090 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $1.5M | $620K | 20x |
| Short | Phoenix JTO | 0.5101 | 0.0467 | get 0.0058% / 1h | 44m 14s | $377K | $118K | 5x |
KuCoin JTOUSDTM
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $77.07
- Price spread: +0.226% → +0.098%
- $12.77
- Slippage, 4 orders
- −$167.09
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$96.25
- Costs to cover
- 1.861%
- Break-even
- 15.7 days
Slippage from KuCoin: live order book, 12 min ago; Phoenix: live order book, 63 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 KuCoin live order book, 12 min ago | 11.75 bp | 78.9 bp −$79 | 708.4 bp −$7,084 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 63 min ago | 1.94 bp | 20.8 bp −$21 | 60.3 bp −$603 | 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 | −0.0536% | 1h | 0.5085 | −0.088% | $13K | $30K | 10x | as long as short |
| Gate JTO_USDT | −0.0165% | 8h | 0.5085 | −0.088% | $895K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5088 | −0.028% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.839% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.289% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0086% | 8h | 0.5091 | +0.035% | $488 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5094 | +0.096% | $114K | $240K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5093 | +0.075% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5089 | −0.009% | $119K | $230K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5083 | −0.137% | $10.9M | $28.7M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5084 | −0.108% | $6.8M | $14.3M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5084 | −0.108% | $3.8M | $9.7M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5082 | −0.147% | $5.9M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTMlong | +0.0100% | 4h | 0.5090 | long leg | $1.5M | $620K | 20x | |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5088 | −0.029% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5083 | −0.128% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5078 | −0.234% | $218K | $240K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5087 | −0.049% | $4K | $918 | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5081 | −0.175% | $55K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5085 | −0.094% | $512K | $2.2M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0221% | 1h | 0.5093 | +0.063% | $262K | $301K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5090 | +0.003% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5087 | −0.049% | $600K | $546K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0456% | 1h | 0.5104 | +0.285% | $58K | $136K | 25x | as long as short |
| Phoenix JTOshort | +0.0467% | 1h | 0.5101 | +0.226% | $377K | $118K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0847% | 1h | 0.5096 | +0.123% | $341K | $355K | 25x | as long as short |
Bybit JTOUSDT
OKX JTO-USDT-SWAP
MEXC JTO_USDT
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD