Funding you earn now, next payment 07:00 UTC+0.0430%/8h= +47.1% APRpaid last 24h +0.120%
Price spread now: Phoenix against Paradex+0.008%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$13 a day on $10k at the current rate. 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 | Paradex JTO-USD-PERP | 0.5118 | 0.0041 | pay 0.0041% / 8h | 12m 38s | $490 | $10 | 5x |
| Short | Phoenix JTO | 0.5118 | 0.0472 | get 0.0059% / 1h | 12m 38s | $373K | $123K | 5x |
Paradex JTO-USD-PERP
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Paradex. 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
- $90.38
- Price spread: +0.008% → 0.000%
- $0.76
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $80.14
- Costs to cover
- 0.110%
- Break-even
- 0.8 days
Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 24 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 24 min ago | 1.97 bp | 21.2 bp −$21 | 60.2 bp −$602 | doesn't fit | doesn't fit |
Paradex: 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 | −0.0336% | 1h | 0.5116 | −0.031% | $13K | $30K | 10x | as long as short |
| Gate JTO_USDT | −0.0032% | 8h | 0.5115 | −0.051% | $886K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5118 | +0.013% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.245% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.826% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERPlong | +0.0041% | 8h | 0.5118 | long leg | $490 | $10 | 5x | |
| Bybit JTOUSDT | +0.0057% | 4h | 0.5118 | +0.008% | $6.8M | $14.4M | 50x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5120 | +0.055% | $115K | $243K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5123 | +0.097% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5119 | +0.030% | $119K | $230K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bybit JTOUSDT
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5116 | −0.031% | $10.8M | $28.6M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5116 | −0.031% | $3.8M | $9.9M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5073 | −0.863% | $55K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5116 | −0.031% | $6.1M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5120 | +0.039% | $1.5M | $588K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5116 | −0.031% | $2.3M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5115 | −0.051% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5095 | −0.447% | $218K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5118 | +0.008% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5115 | −0.042% | $524K | $2.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0208% | 1h | 0.5123 | +0.105% | $244K | $324K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5107 | −0.203% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5108 | −0.188% | $582K | $565K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5127 | +0.183% | $58K | $134K | 25x | as long as short |
| Phoenix JTOshort | +0.0472% | 1h | 0.5118 | +0.008% | $373K | $123K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0840% | 1h | 0.5122 | +0.084% | $325K | $371K | 25x | as long as short |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
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]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD