Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1007%/8h= −110.3% APRpaid last 24h −0.137%

Price spread now: Deribit against Binance+0.089%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.089% dearer against Binance than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JTOUSDT	0.5173	0.0100	pay 0.0050% / 4h	2h 33m	$11.6M	$27.9M	75x
Short	Deribit JTO_USDC-PERPETUAL	0.5178	−0.0907	pay 0.0113% / 1h	33m 45s	$13K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$211.56
Price spread: +0.089% → 0.000%: $8.91
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$219.65
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 min ago; Deribit: 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 Binance live order book, 8 min ago	0.97 bp	13.5 bp −$13	31.5 bp −$315	271.6 bp −$27.2K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	−0.0907%	1h	0.5178	+0.089%	$13K	$11K	10x
Gate JTO_USDT	−0.0143%	8h	0.5175	+0.031%	$938K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0080%	4h	0.5173	−0.008%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5183	+0.182%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.075%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0013%	8h	0.5172	−0.026%	$516	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.874%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5181	+0.157%	$100K	$184K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5184	+0.205%	$7.3M	$3.2M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5179	+0.118%	$174K	$175K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDTlong	+0.0100%	4h	0.5173	long leg	$11.6M	$27.9M	75x
Bybit JTOUSDT	+0.0100%	4h	0.5181	+0.147%	$7.5M	$13.5M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5173	−0.008%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5186	+0.240%	$1.6M	$571K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5176	+0.050%	$2.6M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5176	+0.050%	—	$63.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5181	+0.144%	$184K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5179	+0.108%	$4K	$2K	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5148	−0.491%	$56K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5175	+0.024%	$523K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5182	+0.164%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0247%	1h	0.5184	+0.211%	$264K	$510K	10x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5186	+0.244%	$57K	$126K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5177	+0.070%	$639K	$576K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5167	−0.124%	$372K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0607%	1h	0.5185	+0.217%	$353K	$312K	25x	as long as short