Funding you earn now, next payment 01:00 UTC−0.0433%/8h= −47.4% APRnext payment −$0.54 per $10,000 · paid last 24h −0.106%
Price spread now: Injective against Phoenix−3.792%112s7-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 −$13 a day on $10k at the current rate, and Injective is 3.792% cheaper against Phoenix than usual: you would sell low and buy high (−$379 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 112 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 | 0.5169 | 0.0466 | pay 0.0058% / 1h | 57m 20s | $382K | $110K | 5x |
| Short | Injective JTO/USDC PERP | 0.4973 | 0.0033 | get 0.0004% / 1h | 57m 20s | $31 | $43K | 5.5x |
Phoenix JTO
Injective JTO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$90.85
- Price spread: −3.792% → 0.000%
- −$379.18
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$477.05
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 4 min ago; Injective: 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, 4 min ago | 1.93 bp | 20.8 bp −$21 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 25 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 | −0.0529% | 1h | 0.5134 | −0.677% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0228% | 8h | 0.5133 | −0.696% | $904K | $993K | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5142 | −0.522% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.166% | — | — | — | as long as short |
| Injective JTO/USDC PERPshort | +0.0033% | 1h | 0.4973 | −3.792% | $31 | $43K | 5.5x | |
| Paradex JTO-USD-PERP | +0.0082% | 8h | 0.5130 | −0.756% | $512 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5135 | −0.658% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5145 | −0.462% | $118K | $227K | 10x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5131 | −0.735% | $3.9M | $9.2M | 50x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5140 | −0.567% | $7.0M | $3.3M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
OKX JTO-USDT-SWAP
Hyperliquid JTOShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5137 | −0.615% | $126K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5135 | −0.658% | $11.3M | $27.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5137 | −0.619% | $7.5M | $13.4M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5131 | −0.735% | $6.5M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5139 | −0.580% | $1.6M | $570K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5137 | −0.619% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5139 | −0.580% | — | $68.0M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5158 | −0.211% | $224K | $288K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5136 | −0.638% | $56K | $15K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5130 | −0.758% | $520K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5137 | −0.612% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0336% | 1h | 0.5179 | +0.193% | $60K | $135K | 25x | as long as short |
| Phoenix JTOlong | +0.0466% | 1h | 0.5169 | long leg | $382K | $110K | 5x | |
| Backpack JTO_USDC_PERP | +0.0630% | 1h | 0.5156 | −0.255% | $267K | $340K | 10x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0676% | 1h | 0.5157 | −0.236% | $347K | $306K | 25x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
Backpack JTO_USDC_PERP
Kraken Futures PF_JTOUSD