Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Binance+7.105%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 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 airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 7.105% dearer against Binance than usual: you sell high and buy low (spread +7.105% now, against zero (this spread has no 7-day history yet)): +$710 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	Binance JTOUSDT	0.5172	0.0100	pay 0.0050% / 4h	2h 23m	$11.6M	$27.9M	75x
Short	Reya JTORUSDPERP	0.5539	0	get 0.0000% / 1h	23m 16s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +7.105%Rate

Funding earned: −$21
Price spread: +7.105% → 0.000%: $710.45
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $673.45
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Binance: live order book, 3 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 Binance live order book, 3 min ago	0.97 bp	13.2 bp −$13	33.8 bp −$338	270.3 bp −$27.0K	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 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	−0.0908%	1h	0.5174	+0.039%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0160%	8h	0.5173	+0.019%	$937K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0082%	4h	0.5172	0.000%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5177	+0.093%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPshort	0.0000%	1h	0.5539	+7.105%	—	—	—
Paradex JTO-USD-PERP	+0.0008%	8h	0.5172	+0.005%	$516	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.848%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5180	+0.160%	$100K	$184K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5178	+0.123%	$174K	$175K	10x	as long as short
Binance JTOUSDTlong	+0.0100%	4h	0.5172	long leg	$11.6M	$27.9M	75x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JTOUSDT	+0.0100%	4h	0.5178	+0.116%	$7.5M	$13.5M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5165	−0.135%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5172	0.000%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5180	+0.151%	$1.5M	$610K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5177	+0.097%	$2.6M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5175	+0.058%	—	$63.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5175	+0.055%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5176	+0.077%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5171	−0.013%	$523K	$854K	10x	as long as short
Hyperliquid JTO	+0.0111%	1h	0.5184	+0.234%	$7.3M	$3.2M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5178	+0.123%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0264%	1h	0.5180	+0.159%	$264K	$503K	10x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5186	+0.271%	$57K	$126K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5173	+0.019%	$642K	$576K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5185	+0.251%	$373K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0607%	1h	0.5181	+0.184%	$353K	$312K	25x	as long as short