Funding you earn now, next payment 08:00 UTC−0.0459%/8h= −50.3% APRnext payment −$0.57 per $10,000 · paid last 24h −0.236%
Price spread now: Deribit against Phoenix−0.217%7-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 −$14 a day on $10k at the current rate, and Deribit is 0.217% cheaper against Phoenix than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JTO | 0.5064 | 0.0313 | pay 0.0039% / 1h | 32m 42s | $369K | $128K | 5x |
| Short | Deribit JTO_USDC-PERPETUAL | 0.5053 | −0.0146 | pay 0.0018% / 1h | 32m 42s | $12K | $30K | 10x |
Phoenix JTO
Deribit JTO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$96.4
- Price spread: −0.217% → 0.000%
- −$21.72
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$132.13
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 64 min ago; Deribit: 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, 64 min ago | 1.97 bp | 21.2 bp −$21 | 68.5 bp −$685 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | −0.0182% | 4h | 0.5046 | −0.355% | $6.7M | $14.3M | 50x | as long as short |
| Deribit JTO_USDC-PERPETUALshort | −0.0146% | 1h | 0.5053 | −0.217% | $12K | $30K | 10x | |
| dYdX JTO-USD | 0.0000% | 1h | 0.5057 | −0.134% | $3K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +9.391% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0029% | 8h | 0.5036 | −0.544% | $482 | $10 | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −1.797% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5056 | −0.152% | $113K | $240K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5058 | −0.117% | $6.8M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5055 | −0.174% | $118K | $233K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5050 | −0.275% | $10.6M | $28.4M | 75x | as long as short |
Bybit JTOUSDT
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC 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 | 0.5044 | −0.395% | $3.7M | $9.7M | 50x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5050 | −0.276% | $875K | $930K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5053 | −0.217% | $6.2M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5051 | −0.257% | $1.5M | $659K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5054 | −0.197% | $2.3M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5049 | −0.296% | — | $8.6M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5061 | −0.055% | $246K | $322K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5069 | +0.092% | $217K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5047 | −0.336% | $4K | $918 | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5071 | +0.138% | $55K | −$0 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5053 | −0.220% | $516K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5044 | −0.386% | $2K | — | 50x | as long as short |
| Phoenix JTOlong | +0.0313% | 1h | 0.5064 | long leg | $369K | $128K | 5x | |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5040 | −0.474% | $577K | $558K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5052 | −0.237% | $57K | $135K | 25x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0769% | 1h | 0.5064 | −0.001% | $335K | $384K | 25x | as long as short |
OKX JTO-USDT-SWAP
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
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD