Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Bitget+0.047%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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. dYdX is 0.047% dearer against Bitget than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JTOUSDT	0.5183	0.0100	pay 0.0050% / 4h	1h 42m	$2.5M	$2.4M	50x
Short	dYdX JTO-USD	0.5185	0	get 0.0000% / 1h	42m 04s	$4K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$21
Price spread: +0.047% → 0.000%: $4.69
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$38.31
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; dYdX: 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 Bitget live order book, 5 min ago	2.90 bp	20.3 bp −$20	61.6 bp −$616	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0521%	1h	0.5183	0.000%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0149%	8h	0.5182	−0.019%	$936K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0107%	4h	0.5180	−0.058%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USDshort	0.0000%	1h	0.5185	+0.047%	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5540	+6.879%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0015%	8h	0.5175	−0.148%	$516	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−4.052%	$31	$43K	5.5x	as long as short
Bulk JTO-USD	+0.0074%	1h	0.5168	−0.289%	$56K	$1K	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5189	+0.108%	$99K	$174K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5192	+0.164%	$7.3M	$3.1M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5186	+0.055%	$174K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5182	−0.019%	$11.6M	$27.9M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5186	+0.058%	$7.5M	$13.8M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5182	−0.019%	$7.2M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5187	+0.068%	$1.6M	$678K	20x	as long as short
Bitget JTOUSDTlong	+0.0100%	4h	0.5183	long leg	$2.5M	$2.4M	50x
BingX JTO-USDT	+0.0100%	4h	0.5183	0.000%	—	$63.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5172	−0.212%	$183K	$258K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5182	−0.019%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5182	−0.018%	$523K	$854K	10x	as long as short
Backpack JTO_USDC_PERP	+0.0209%	1h	0.5189	+0.122%	$228K	$510K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5188	+0.087%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0304%	1h	0.5192	+0.174%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5175	−0.154%	$641K	$576K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5178	−0.096%	$372K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0513%	1h	0.5189	+0.116%	$353K	$313K	25x	as long as short