data as of
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Price arb /

JTO

all JTO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$68
spread now+0.065%7d average+0.020%fees + slippage, in and out−$72spread needed0.721%
Long on PhoenixShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix JTO0.50990.0311pay 0.0039% / 1h36m 57s$367K$280K5x
ShortHyperliquid JTO0.51020.0100get 0.0013% / 1h36m 57s$7.2M$3.7M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$6.47
Funding while held
−$6.32
Slippage, 4 orders
−$56.07
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$71.92
Spread needed to break even
0.721%
Slippage from Phoenix: live order book, 66 min ago; Hyperliquid: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
−0.0211%
Per $10,000 a day
−$6.32
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 66 min ago1.93 bp20.7 bp −$2168.2 bp −$682doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago0.88 bp14.5 bp −$14doesn't fitdoesn't fitdoesn't fit

JTO price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.4973cheapestOKX0.5088+2.312%BloFin0.5088+2.312%Binance0.5089+2.341%Variational Omni0.5091+2.368%Bybit0.5093+2.413%Paradex0.5094+2.430%Gate0.5094+2.433%Extended0.5094+2.438%MEXC0.5095+2.453%BingX0.5095+2.453%Bitget0.5096+2.473%Orderly0.5096+2.473%Deribit0.5096+2.473%dYdX0.5097+2.493%KuCoin0.5099+2.528%
Phoenix0.5099+2.534%
Backpack0.5100+2.556%Aster0.5100+2.560%GMX0.5101+2.582%
Hyperliquid0.5102+2.600%
Kraken Futures0.5104+2.641%Lighter0.5104+2.642%Bulk0.5110+2.754%Coinbase International0.5142+3.398%
Reya0.5539+11.388%

JTO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective JTO/USDC PERP−2.471%+0.0033%1h$31$43K5.5xas long as short
OKX JTO-USDT-SWAP−0.216%−0.0115%4h$3.9M$10.1M50xas long as short
BloFin JTO-USDT−0.216%+0.0340%4h$675K$548K75xas long as short
Binance JTOUSDT−0.188%+0.0100%4h$11.6M$29.0M75xas long as short
Variational Omni JTO−0.161%+0.0100%4h$199K$260K—as long as short
Bybit JTOUSDT−0.118%+0.0100%4h$7.5M$12.6M50xas long as short
Paradex JTO-USD-PERP−0.101%−0.0068%8h$508—5xas long as short
Gate JTO_USDT−0.098%−0.0345%8h$939K$1.6M75xas long as short
Extended JTO-USD−0.093%+0.0104%1h$508K$844K10xas long as short
MEXC JTO_USDT−0.078%+0.0100%4h$7.1M$4.2M50xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX JTO-USDT−0.078%+0.0100%4h—$63.5M—as long as short
Bitget JTOUSDT−0.059%+0.0100%4h$2.6M$2.4M50xas long as short
Orderly PERP_JTO_USDC_mythos−0.059%+0.0100%4h$4K$4K10xas long as short
Deribit JTO_USDC-PERPETUAL−0.059%−0.0534%1h$22K$56110xas long as short
dYdX JTO-USD−0.039%0.0000%1h$4K$4K5xas long as short
KuCoin JTOUSDTM−0.006%+0.0100%4h$1.3M$514K20xas long as short
Phoenix JTOlong0.000%+0.0311%1h$367K$280K5x
Backpack JTO_USDC_PERP+0.022%+0.0100%1h$263K$551K10xas long as short
Aster JTOUSDT+0.026%+0.0100%4h$172K$193K10xas long as short
GMX JTO/USD [WBTC.b-USDC]+0.047%L +0.0224% / S −0.2181%1h$2K—50xas long as short
Hyperliquid JTOshort+0.065%+0.0100%1h$7.2M$3.7M5x
Kraken Futures PF_JTOUSD+0.104%+0.0382%1h$339K$269K25xas long as short
Lighter JTO+0.106%+0.0096%1h$115K$166K10xas long as short
Bulk JTO-USD+0.215%+0.0100%1h$55K$73710xas long as short
Coinbase International JTO-PERP-INTX+0.843%+0.0328%1h$58K$142K25xas long as short
Reya JTORUSDPERP+8.636%0.0000%1h———as long as short