Funding arb · Price arb / Crypto

JTO

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LONGBinance▾Binance +0.0100%

⇄⇅

SHORTBybit▾Bybit −0.0281%

Backtest 30d

☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BinanceJTOUSDT	0.3322	+0.0100	pay 0.0050% / 4h	2h 08m	$7.0M	$13.4M	75x	Long Binance
SHORT	BybitJTOUSDT	0.3320	−0.0281	pay 0.0140% / 4h	2h 08m	$3.8M	$4.0M	50x	Short Bybit

Price gap−0.060%

Funding gap−0.0381% /8h

Both sides work against this direction now: funding costs $11 a day on $10k and the gap is 0.091% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.117% in total, about −0.0056%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.060%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

BinanceBybit

JTO on 24 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

• !
  Watch: Thin at this size14.1 / 30.6 bp

  At $10k entering Bybit costs 30.6 bp, fee and slippage, 2.2× Binance’s.
• i
  Note: Margin at max leverage$133 + $200

  Binance 75x, Bybit 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval4h / 4h

  Both legs pay at the same time.

  Long Binance · 4h−$3.00

  Short Bybit · 4h−$8.42

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$11.42Long Binance: 6 payments, −$3.00; short Bybit: 6 payments, −$8.42.
• !
  Watch: Gap narrower than usual−0.060% vs +0.031%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• i
  Note: Short leg is thinner$3.8M vs $7.0M OI

  Both legs are deep; Bybit is the smaller one.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBinance Yes · Bybit Yes

  Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0056%/8h × 21 periods−$11.69

Price spread−0.060% → +0.031% (7d avg)−$9.09

Slippage, 4 orderslive order books−$62.00

Fee Binance bp × 2 orders−$10.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$103.79

Costs to cover0.830%Break-evennever at this rate

Slippage: Binance: live order book, 5 min ago; Bybit: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBinance1.5114.1 bp−$1442.3 bp−$423361.2 bp−$36.1Kdoesn’t fit

SELL · SHORTBybit1.5030.6 bp−$31116.0 bp−$1,160doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

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Tell me when it goes above%/8hNot more often than everymin

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JTO news

posts that mention JTO, from every exchange

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11-03 07:08	Binance	Other	Latest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗
09-28 15:16	Phoenix	Contest	It’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗
09-25 14:48	Phoenix	Contest	$SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗
09-18 10:04	Deribit	Listing	🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗
09-17 15:30	Deribit	Listing	🚨 More new perpetual futures are coming to Deribit We are pleased to announce that tomorrow, September 18, 2026, at 10:00 AM UTC, Deribit is launching a new lineup of USDC-settled perpetuals. MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM Contract details: 🔹Settlement: USDC 🔹All contract details and specifications 🔽 Please note that these newly listed perpetual contracts are subject to our Auto-Deleveraging Mechanism (ADL) and are covered by the Liquidity Support Program (LSP). By trading any of the products listed above, you acknowledge and agree that the terms of ADL and LSP will apply. @DeribitOfficial on X ↗