Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.036%

Price spread now: Gate against BingX−0.019%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1061.061% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.019%, 7d avg +0.017%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.036% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JTO-USDT	0.5185	0.0100	pay 0.0050% / 4h	2h 14m	—	$63.5M	—
Short	Gate JTO_USDT	0.5184	−0.0164	pay 0.0164% / 8h	2h 14m	$939K	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.019%Rate

Funding earned: −$55.44
Price spread: −0.019% → +0.017%: −$3.6
Slippage, 4 orders: −$81.11
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$165.16
Costs to cover: 1.061%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Gate: live order book, 2 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 BingX live order book, 9 min ago	1.93 bp	14.5 bp −$15	32.0 bp −$320	213.8 bp −$21.4K	519.1 bp −$259.6K
Sell Gate live order book, 2 min ago	5.78 bp	45.9 bp −$46	75.2 bp −$752	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	−0.1099%	1h	0.5183	−0.039%	$13K	$11K	10x	as long as short
Gate JTO_USDTshort	−0.0164%	8h	0.5184	−0.019%	$939K	$1.5M	75x
OKX JTO-USDT-SWAP	−0.0071%	4h	0.5184	−0.019%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5194	+0.174%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+6.835%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0003%	8h	0.5187	+0.029%	$518	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−4.089%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5190	+0.100%	$100K	$184K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5189	+0.075%	$174K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5183	−0.039%	$11.6M	$27.9M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JTOUSDT	+0.0100%	4h	0.5189	+0.077%	$7.6M	$13.6M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5185	−0.010%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5180	−0.096%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5190	+0.100%	$1.5M	$610K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5184	−0.019%	$2.6M	$2.4M	50x	as long as short
BingX JTO-USDTlong	+0.0100%	4h	0.5185	long leg	—	$63.5M	—
Variational Omni JTO	+0.0100%	4h	0.5191	+0.121%	$184K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5184	−0.019%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5181	−0.073%	$526K	$854K	10x	as long as short
Hyperliquid JTO	+0.0119%	1h	0.5195	+0.193%	$7.3M	$3.2M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5189	+0.076%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5193	+0.154%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5186	+0.019%	$640K	$578K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0350%	1h	0.5189	+0.069%	$264K	$501K	10x	as long as short
Phoenix JTO	+0.0463%	1h	0.5198	+0.251%	$374K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0606%	1h	0.5190	+0.106%	$354K	$312K	25x	as long as short