Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.074%

Price spread now: Coinbase International against BingX−0.117%7-day average +0.367% · you buy dearer than you sell

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

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.388%+$39 on $10k

Price spread, last 4 days (all we have)+0.315%+$31 · spread now −0.117%, 7d avg +0.367%

Together, before fees+0.702%+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.484% cheaper against BingX than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of +0.367%). If the spread goes back, that is −$48 on $10k: about 6.8 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JTO-USDT	0.5133	0.0100	pay 0.0050% / 4h	1h 42m	—	$68.0M	—
Short	Coinbase International JTO-PERP-INTX	0.5127	0.0336	get 0.0042% / 1h	42m 18s	$59K	$134K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.117%Rate

Funding earned: $49.56
Price spread: −0.117% → +0.367%: −$48.43
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.87
Costs to cover: 0.200%
Break-even: 9.7 days

Slippage unknown: BingX: live order book, 12 min ago; Coinbase International: live order book, 20 min ago. 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 BingX live order book, 12 min ago	2.92 bp	14.1 bp −$14	29.0 bp −$290	236.0 bp −$23.6K	577.0 bp −$288.5K
Sell Coinbase International live order book, 20 min ago	19.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−0.0334%	1h	0.5133	0.000%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0314%	8h	0.5130	−0.058%	$896K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5130	−0.058%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.920%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.117%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0076%	8h	0.5132	−0.010%	$512	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5134	+0.019%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5140	+0.140%	$117K	$228K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5142	+0.169%	$7.0M	$3.3M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5136	+0.056%	$126K	$219K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5133	0.000%	$11.3M	$27.2M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5136	+0.058%	$7.3M	$13.8M	50x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5131	−0.039%	$3.9M	$9.2M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5097	−0.701%	$55K	$15K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5134	+0.019%	$6.7M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5138	+0.097%	$1.6M	$587K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5134	+0.019%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDTlong	+0.0100%	4h	0.5133	long leg	—	$68.0M	—
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5137	+0.072%	$267K	$331K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5091	−0.826%	$221K	$288K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5132	−0.018%	$517K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5136	+0.061%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTXshort	+0.0336%	1h	0.5127	−0.117%	$59K	$134K	25x
BloFin JTO-USDT	+0.0340%	4h	0.5128	−0.097%	$625K	$512K	75x	as long as short
Phoenix JTO	+0.0464%	1h	0.5119	−0.273%	$378K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0678%	1h	0.5138	+0.092%	$345K	$306K	25x	as long as short