Funding you earn now, next payment 03:00 UTC−0.0369%/8h= −40.4% APRnext payment −$0.46 per $10,000 · paid last 24h −0.091%
Price spread now: Bulk against Phoenix−0.194%51s7-day average — · you buy dearer than you sell
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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bulk is 0.194% cheaper against Phoenix than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 | Phoenix JTO | 0.5161 | 0.0469 | pay 0.0059% / 1h | 24m 28s | $381K | $110K | 5x |
| Short | Bulk JTO-USD | 0.5151 | 0.0100 | get 0.0013% / 1h | 24m 28s | $56K | $17K | 10x |
Phoenix JTO
Bulk JTO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$77.57
- Price spread: −0.194% → 0.000%
- −$19.38
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$110.95
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 32 min ago; Bulk: no order-book sample. 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 Phoenix live order book, 32 min ago | 1.94 bp | 20.8 bp −$21 | 67.1 bp −$671 | doesn't fit | doesn't fit |
| Sell Bulk no order-book sample | — | — | — | — | — |
Bulk: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0397% | 8h | 0.5155 | −0.116% | $896K | $1.0M | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0331% | 1h | 0.5159 | −0.039% | $13K | $10K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5159 | −0.039% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.335% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.643% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0078% | 8h | 0.5156 | −0.098% | $515 | — | 5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0082% | 4h | 0.5149 | −0.233% | $3.9M | $9.4M | 50x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5153 | −0.155% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5158 | −0.068% | $118K | $226K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5161 | −0.006% | $7.0M | $3.0M | 5x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
OKX JTO-USDT-SWAP
Orderly PERP_JTO_USDC_mythos
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 | 0.5155 | −0.109% | $126K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5154 | −0.136% | $11.3M | $27.5M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5153 | −0.155% | $7.2M | $14.0M | 50x | as long as short |
| Bulk JTO-USDshort | +0.0100% | 1h | 0.5151 | −0.194% | $56K | $17K | 10x | |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5153 | −0.155% | $6.3M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5156 | −0.095% | $1.5M | $600K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5157 | −0.078% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5154 | −0.136% | — | $68.0M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5154 | −0.144% | $223K | $267K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5151 | −0.185% | $518K | $1.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0117% | 1h | 0.5162 | +0.025% | $269K | $316K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5155 | −0.108% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5150 | −0.213% | $619K | $506K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0416% | 1h | 0.5172 | +0.213% | $59K | $137K | 25x | as long as short |
| Phoenix JTOlong | +0.0469% | 1h | 0.5161 | long leg | $381K | $110K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0728% | 1h | 0.5163 | +0.031% | $337K | $313K | 25x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
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