Funding you earn now, next payment 11:00 UTC−0.0508%/8h= −55.6% APRpaid last 24h −0.093%
Price spread now: Bybit against Phoenix−0.379%7-day average −0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$910.906% of the position
Funding, last 7 days−0.531%−$53 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.379%, 7d avg −0.138%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.241% cheaper against Phoenix than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.138%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5008 | 0.0319 | pay 0.0040% / 1h | 49m 26s | $353K | $118K | 5x |
| Short | Bybit JTOUSDT | 0.4989 | −0.0189 | pay 0.0094% / 4h | 49m 26s | $6.3M | $12.9M | 50x |
Phoenix JTO
Bybit JTOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$106.67
- Price spread: −0.379% → −0.138%
- −$24.13
- Slippage, 4 orders
- −$72.56
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$221.37
- Costs to cover
- 0.906%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 56 min ago; Bybit: live order book, 2 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, 56 min ago | 1.98 bp | 21.3 bp −$21 | 68.2 bp −$682 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.00 bp | 25.6 bp −$26 | 65.8 bp −$658 | doesn't fit | doesn't fit |
JTO on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_JTOUSD | −0.1189% | 1h | 0.4989 | −0.382% | $312K | $403K | 25x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0551% | 1h | 0.4991 | −0.339% | $22K | $40K | 10x | as long as short |
| Bybit JTOUSDTshort | −0.0189% | 4h | 0.4989 | −0.379% | $6.3M | $12.9M | 50x | |
| Paradex JTO-USD-PERP | −0.0083% | 8h | 0.4983 | −0.503% | $477 | $10 | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.4986 | −0.446% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +10.611% | — | — | — | as long as short |
| OKX JTO-USDT-SWAP | +0.0005% | 4h | 0.4986 | −0.439% | $3.7M | $9.0M | 50x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −0.699% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.4988 | −0.403% | $111K | $206K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.4996 | −0.230% | $6.7M | $2.8M | 5x | as long as short |
Kraken Futures PF_JTOUSD
Deribit JTO_USDC-PERPETUAL
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
OKX JTO-USDT-SWAP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTOShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.4991 | −0.336% | $115K | $206K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.4986 | −0.439% | $10.3M | $25.4M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5009 | +0.015% | $54K | $1K | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.4987 | −0.419% | $874K | $754K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.4984 | −0.479% | $6.0M | $2.8M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.4988 | −0.409% | $1.3M | $584K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.4987 | −0.419% | $2.2M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.4973 | −0.699% | — | $8.3M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.4992 | −0.315% | $223K | $355K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.4982 | −0.526% | $217K | $190K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.4993 | −0.300% | $4K | $1K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.4979 | −0.572% | $511K | $3.4M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.4980 | −0.559% | $2K | — | 50x | as long as short |
| Phoenix JTOlong | +0.0319% | 1h | 0.5008 | long leg | $353K | $118K | 5x | |
| BloFin JTO-USDT | +0.0340% | 4h | 0.4990 | −0.359% | $562K | $512K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0472% | 1h | 0.4988 | −0.399% | $53K | $106K | 25x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bulk JTO-USD
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX