Funding you earn now, next payment 21:00 UTC−0.0363%/8h= −39.8% APRpaid last 24h −0.079%
Price spread now: Binance against Phoenix−0.561%7-day average −0.189% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$660.664% of the position
Funding, last 7 days−0.370%−$37 on $10k
+Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.561%, 7d avg −0.189%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Binance is 0.372% cheaper against Phoenix than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.189%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5189 | 0.0463 | pay 0.0058% / 1h | 7m 27s | $373K | $267K | 5x |
| Short | Binance JTOUSDT | 0.5160 | 0.0100 | get 0.0050% / 4h | 2h 07m | $11.6M | $27.9M | 75x |
Phoenix JTO
Binance JTOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phoenix. 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
- −$76.32
- Price spread: −0.561% → −0.189%
- −$37.18
- Slippage, 4 orders
- −$49.36
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$179.86
- Costs to cover
- 0.664%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 14 min ago; Binance: live order book, 4 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 Phoenix live order book, 14 min ago | 1.93 bp | 20.7 bp −$21 | 68.2 bp −$682 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.97 bp | 11.4 bp −$11 | 27.6 bp −$276 | 229.2 bp −$22.9K | 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 | −0.0909% | 1h | 0.5172 | −0.328% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0167% | 8h | 0.5170 | −0.366% | $935K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0093% | 4h | 0.5161 | −0.540% | $3.9M | $9.9M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0018% | 8h | 0.5162 | −0.521% | $515 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5177 | −0.231% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.753% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.163% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5175 | −0.274% | $100K | $184K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5173 | −0.308% | $174K | $176K | 10x | as long as short |
| Binance JTOUSDTshort | +0.0100% | 4h | 0.5160 | −0.561% | $11.6M | $27.9M | 75x |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Lighter JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5165 | −0.463% | $7.6M | $13.6M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5165 | −0.463% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5171 | −0.347% | $7.0M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5177 | −0.231% | $1.5M | $610K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5163 | −0.501% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5168 | −0.405% | — | $63.5M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5176 | −0.243% | $183K | $259K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5173 | −0.308% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5167 | −0.426% | $526K | $854K | 10x | as long as short |
| Hyperliquid JTO | +0.0122% | 1h | 0.5169 | −0.379% | $7.3M | $3.1M | 5x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5177 | −0.227% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5193 | +0.077% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5176 | −0.251% | $642K | $577K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0354% | 1h | 0.5179 | −0.195% | $264K | $498K | 10x | as long as short |
| Phoenix JTOlong | +0.0463% | 1h | 0.5189 | long leg | $373K | $267K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0608% | 1h | 0.5177 | −0.228% | $353K | $312K | 25x | as long as short |
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Hyperliquid JTO
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP
Kraken Futures PF_JTOUSD