Funding you earn now, next payment 08:00 UTC−0.0213%/8h= −23.4% APRpaid last 24h −0.089%
Price spread now: Bitget against Phoenix−0.255%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$810.811% of the position
Funding, last 7 days−0.387%−$39 on $10k
+Price spread, last 4 days (all we have)−0.404%−$40 · spread now −0.255%, 7d avg −0.118%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.137% cheaper against Phoenix than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.118%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5102 | 0.0313 | pay 0.0039% / 1h | 48m 44s | $371K | $128K | 5x |
| Short | Bitget JTOUSDT | 0.5089 | 0.0100 | get 0.0050% / 4h | 3h 48m | $2.3M | $2.3M | 50x |
Phoenix JTO
Bitget JTOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$44.82
- Price spread: −0.255% → −0.118%
- −$13.66
- Slippage, 4 orders
- −$62.13
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$139.61
- Costs to cover
- 0.811%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 48 min ago; Bitget: live order book, 3 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, 48 min ago | 1.97 bp | 21.2 bp −$21 | 68.5 bp −$685 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.93 bp | 18.4 bp −$18 | 74.1 bp −$741 | 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 | −0.0339% | 1h | 0.5091 | −0.216% | $13K | $30K | 10x | as long as short |
| Bybit JTOUSDT | −0.0139% | 4h | 0.5090 | −0.235% | $6.8M | $14.3M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5096 | −0.115% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.575% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.528% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0037% | 8h | 0.5090 | −0.231% | $488 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5096 | −0.114% | $114K | $240K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5098 | −0.077% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5094 | −0.156% | $119K | $233K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5088 | −0.274% | $10.7M | $28.4M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5088 | −0.274% | $3.7M | $9.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5092 | −0.197% | $55K | −$0 | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5089 | −0.255% | $881K | $924K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5089 | −0.255% | $6.3M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5094 | −0.147% | $1.5M | $580K | 20x | as long as short |
| Bitget JTOUSDTshort | +0.0100% | 4h | 0.5089 | −0.255% | $2.3M | $2.3M | 50x | |
| BingX JTO-USDT | +0.0100% | 4h | 0.5088 | −0.274% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5099 | −0.056% | $218K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5091 | −0.216% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5087 | −0.302% | $522K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5093 | −0.182% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERP | +0.0291% | 1h | 0.5098 | −0.076% | $240K | $320K | 10x | as long as short |
| Phoenix JTOlong | +0.0313% | 1h | 0.5102 | long leg | $371K | $128K | 5x | |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5089 | −0.255% | $582K | $563K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5096 | −0.118% | $58K | $134K | 25x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0764% | 1h | 0.5097 | −0.103% | $323K | $369K | 25x | as long as short |
OKX JTO-USDT-SWAP
Bulk JTO-USD
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Backpack JTO_USDC_PERP
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD