Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.019%
Price spread now: OKX against Binance−0.019%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$710.714% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 7 days+0.056%+$6 · spread now −0.019%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.027% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance JTOUSDT | 0.5161 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $11.4M | $27.7M | 75x |
| Short | OKX JTO-USDT-SWAP | 0.5160 | 0.0074 | get 0.0037% / 4h | 2h 24m | $3.9M | $9.5M | 50x |
Binance JTOUSDT
OKX JTO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.49
- Price spread: −0.019% → +0.007%
- −$2.67
- Slippage, 4 orders
- −$51.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$79.58
- Costs to cover
- 0.714%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; OKX: live order book, 3 min ago.
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, 1 min ago | 1.94 bp | 16.5 bp −$17 | 41.4 bp −$414 | 310.7 bp −$31.1K | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.93 bp | 21.3 bp −$21 | 77.1 bp −$771 | doesn't fit | doesn't fit |
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 | −0.0331% | 1h | 0.5164 | +0.058% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0130% | 8h | 0.5165 | +0.078% | $911K | $1.1M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5161 | +0.002% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.336% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.643% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAPshort | +0.0074% | 4h | 0.5160 | −0.019% | $3.9M | $9.5M | 50x | |
| Paradex JTO-USD-PERP | +0.0077% | 8h | 0.5157 | −0.077% | $515 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5164 | +0.058% | $4K | $872 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5174 | +0.252% | $127K | $226K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5164 | +0.051% | $127K | $222K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Aster JTOUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDTlong | +0.0100% | 4h | 0.5161 | long leg | $11.4M | $27.7M | 75x | |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5166 | +0.097% | $7.6M | $13.5M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5161 | 0.000% | $6.7M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5170 | +0.172% | $1.6M | $579K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5162 | +0.019% | $2.4M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5162 | +0.019% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5170 | +0.176% | $266K | $434K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5170 | +0.177% | $225K | $296K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5162 | +0.027% | $56K | $15K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5160 | −0.019% | $523K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5166 | +0.096% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5166 | +0.097% | $59K | $138K | 25x | as long as short |
| Hyperliquid JTO | +0.0453% | 1h | 0.5173 | +0.225% | $7.1M | $3.2M | 5x | as long as short |
| Phoenix JTO | +0.0466% | 1h | 0.5170 | +0.174% | $382K | $114K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0768% | 1h | 0.5169 | +0.161% | $349K | $307K | 25x | as long as short |
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
Hyperliquid JTO
Phoenix JTO
Kraken Futures PF_JTOUSD