Funding you earn now, next payment 21:00 UTC+0.0363%/8h= +39.8% APRpaid last 24h +0.082%
Price spread now: Phoenix against Variational Omni+0.418%69s7-day average +0.117% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.209%+$21 on $10k
+Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.418%, 7d avg +0.117%
=Together, before fees+0.097%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.301% dearer against Variational Omni than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.117%. The two prices were read 69 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 | Variational Omni JTO | 0.5176 | 0.0100 | pay 0.0050% / 4h | 2h 10m | $183K | $259K | — |
| Short | Phoenix JTO | 0.5198 | 0.0463 | get 0.0058% / 1h | 10m 24s | $374K | $267K | 5x |
Variational Omni JTO
Phoenix JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $76.32
- Price spread: +0.418% → +0.117%
- $30.07
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $99.38
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 14 min ago; Phoenix: live order book, 11 min ago. 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 Variational Omni RFQ quote, 14 min ago | 6.75 bp | doesn't fit | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 11 min ago | 1.93 bp | 20.8 bp −$21 | 60.0 bp −$600 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0909% | 1h | 0.5173 | −0.065% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0164% | 8h | 0.5183 | +0.128% | $938K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0082% | 4h | 0.5184 | +0.147% | $3.9M | $9.9M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0015% | 8h | 0.5176 | −0.015% | $517 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5177 | +0.012% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.013% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.929% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5180 | +0.068% | $100K | $184K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5178 | +0.030% | $174K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5183 | +0.138% | $11.6M | $27.9M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Lighter JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5187 | +0.205% | $7.6M | $13.6M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5165 | −0.220% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5182 | +0.109% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5186 | +0.194% | $1.5M | $610K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5185 | +0.167% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5183 | +0.128% | — | $63.5M | — | as long as short |
| Variational Omni JTOlong | +0.0100% | 4h | 0.5176 | long leg | $183K | $259K | — | |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5183 | +0.128% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5176 | −0.005% | $526K | $854K | 10x | as long as short |
| Hyperliquid JTO | +0.0122% | 1h | 0.5193 | +0.314% | $7.3M | $3.2M | 5x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5190 | +0.268% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5193 | +0.321% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5169 | −0.142% | $643K | $576K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0352% | 1h | 0.5182 | +0.101% | $264K | $501K | 10x | as long as short |
| Phoenix JTOshort | +0.0463% | 1h | 0.5198 | +0.418% | $374K | $267K | 5x | |
| Kraken Futures PF_JTOUSD | +0.0608% | 1h | 0.5177 | +0.013% | $353K | $312K | 25x | as long as short |
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Hyperliquid JTO
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP
Kraken Futures PF_JTOUSD