Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against Aster−0.063%49s7-day average — · you buy dearer than you sell

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

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.063% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Aster JTOUSDT	0.5158	0.0100	pay 0.0050% / 4h	2h 38m	$173K	$175K	10x
Short	Orderly PERP_JTO_USDC_mythos	0.5155	0.0100	get 0.0050% / 4h	2h 38m	$4K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → 0.000%: −$6.26
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.26
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 47 min ago; Orderly: 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 Aster live order book, 47 min ago	6.79 bp	92.5 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Deribit JTO_USDC-PERPETUAL	−0.0719%	1h	0.5155	−0.063%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0147%	8h	0.5162	+0.073%	$936K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0078%	4h	0.5160	+0.034%	$3.9M	$9.8M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5159	+0.024%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.389%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0011%	8h	0.5160	+0.044%	$515	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.591%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5162	+0.083%	$100K	$184K	10x	as long as short
Aster JTOUSDTlong	+0.0100%	4h	0.5158	long leg	$173K	$175K	10x
Binance JTOUSDT	+0.0100%	4h	0.5160	+0.034%	$11.6M	$27.8M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JTOUSDT	+0.0100%	4h	0.5166	+0.151%	$7.5M	$13.5M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5158	−0.004%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5160	+0.027%	$1.6M	$571K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5161	+0.054%	$2.6M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5162	+0.073%	—	$63.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5155	−0.062%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythosshort	+0.0100%	4h	0.5155	−0.063%	$4K	$2K	10x
Bulk JTO-USD	+0.0100%	1h	0.5148	−0.198%	$56K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5159	+0.021%	$523K	$854K	10x	as long as short
Hyperliquid JTO	+0.0114%	1h	0.5167	+0.168%	$7.3M	$3.2M	5x	as long as short
Backpack JTO_USDC_PERP	+0.0151%	1h	0.5161	+0.060%	$263K	$511K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5159	+0.005%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5202	+0.849%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5156	−0.043%	$643K	$575K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5162	+0.073%	$371K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0609%	1h	0.5163	+0.099%	$352K	$312K	25x	as long as short