Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.075%

Price spread now: Coinbase International against Aster+1.825%7-day average +0.321% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.395%+$40 on $10k

Price spread, last 4 days (all we have)−1.660%−$166 · spread now +1.825%, 7d avg +0.321%

Together, before fees−1.265%+ Points / potential airdropAster: Stage 5 · farm board−$126 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 1.504% dearer against Aster than usual: you sell high and buy low: +$150 more if the spread goes back to its 7-day average of +0.321%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JTOUSDT	0.5116	0.0100	pay 0.0050% / 4h	2h 41m	$122K	$219K	10x
Short	Coinbase International JTO-PERP-INTX	0.5209	0.0440	get 0.0055% / 1h	41m 37s	$59K	$136K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +1.825%Rate

Funding earned: $71.4
Price spread: +1.825% → +0.321%: $150.43
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $203.83
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: live order book, 5 min ago; Coinbase International: live order book, 6 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 Aster live order book, 5 min ago	11.65 bp	65.9 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	18.39 bp	23.4 bp −$23	doesn't fit	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	−0.0532%	1h	0.5114	−0.032%	$3K	$20K	10x	as long as short
Gate JTO_USDT	−0.0305%	8h	0.5106	−0.188%	$884K	$1.0M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0044%	4h	0.5107	−0.169%	$3.8M	$9.4M	50x	as long as short
Bybit JTOUSDT	−0.0002%	4h	0.5109	−0.130%	$7.0M	$14.1M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5115	−0.007%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+8.288%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.788%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0095%	8h	0.5106	−0.197%	$489	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5124	+0.158%	$114K	$229K	10x	as long as short
Aster JTOUSDTlong	+0.0100%	4h	0.5116	long leg	$122K	$219K	10x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5113	−0.051%	$11.2M	$27.8M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5125	+0.183%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5110	−0.110%	$6.0M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5116	+0.007%	$1.5M	$607K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5105	−0.208%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5103	−0.247%	—	$8.8M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5148	+0.625%	$220K	$242K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5116	+0.007%	$3K	$652	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5106	−0.179%	$515K	$2.2M	10x	as long as short
Hyperliquid JTO	+0.0118%	1h	0.5127	+0.214%	$7.0M	$3.0M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5117	+0.021%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5130	+0.281%	$613K	$533K	75x	as long as short
Coinbase International JTO-PERP-INTXshort	+0.0440%	1h	0.5209	+1.825%	$59K	$136K	25x
Phoenix JTO	+0.0464%	1h	0.5159	+0.848%	$381K	$118K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0483%	1h	0.5125	+0.184%	$331K	$313K	25x	as long as short
Backpack JTO_USDC_PERP	+0.0655%	1h	0.5125	+0.189%	$267K	$310K	10x	as long as short