Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Aster+7.132%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

The price spread pays, funding is against you. Reya is 7.132% dearer against Aster than usual: you sell high and buy low (spread +7.132% now, against zero (this spread has no 7-day history yet)): +$713 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JTOUSDT	0.5171	0.0100	pay 0.0050% / 4h	2h 28m	$127K	$222K	10x
Short	Reya JTORUSDPERP	0.5540	0	get 0.0000% / 1h	28m 07s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpOrdersPrice spread, now +7.132%Rate

Funding earned: −$21
Price spread: +7.132% → 0.000%: $713.18
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $678.18
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Aster: live order book, 38 min ago; Reya: 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, 38 min ago	10.60 bp	89.1 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0136%	1h	0.5176	+0.100%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0112%	8h	0.5173	+0.042%	$913K	$1.1M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5163	−0.148%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPshort	0.0000%	1h	0.5540	+7.132%	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.826%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0065%	4h	0.5172	+0.023%	$3.9M	$9.5M	50x	as long as short
Paradex JTO-USD-PERP	+0.0076%	8h	0.5166	−0.094%	$516	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5175	+0.081%	$4K	$872	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5186	+0.288%	$130K	$223K	10x	as long as short
Aster JTOUSDTlong	+0.0100%	4h	0.5171	long leg	$127K	$222K	10x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5173	+0.050%	$11.4M	$27.7M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5178	+0.139%	$7.6M	$13.6M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5092	−1.524%	$55K	$15K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5175	+0.081%	$6.8M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5179	+0.158%	$1.6M	$579K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5176	+0.100%	$2.4M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5175	+0.081%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5182	+0.224%	$266K	$449K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5157	−0.263%	$224K	$296K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5174	+0.056%	$523K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5173	+0.042%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0264%	1h	0.5175	+0.081%	$59K	$138K	25x	as long as short
Phoenix JTO	+0.0466%	1h	0.5143	−0.538%	$380K	$114K	5x	as long as short
Hyperliquid JTO	+0.0472%	1h	0.5186	+0.300%	$7.2M	$3.1M	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0766%	1h	0.5182	+0.224%	$349K	$307K	25x	as long as short