Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.026%

Price spread now: Paradex against Bitget+0.049%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.049% dearer against Bitget than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JTOUSDT	0.5153	0.0100	pay 0.0050% / 4h	1h 37m	$2.5M	$2.4M	50x
Short	Paradex JTO-USD-PERP	0.5156	0.0024	get 0.0024% / 8h	1h 37m	$515	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$15.87
Price spread: +0.049% → 0.000%: $4.86
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$27.01
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; Paradex: 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	2.89 bp	20.3 bp −$20	61.3 bp −$613	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0720%	1h	0.5150	−0.058%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0164%	8h	0.5156	+0.058%	$932K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0082%	4h	0.5151	−0.039%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5163	+0.197%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.495%	—	—	—	as long as short
Paradex JTO-USD-PERPshort	+0.0024%	8h	0.5156	+0.049%	$515	—	5x
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.493%	$31	$43K	5.5x	as long as short
Bulk JTO-USD	+0.0064%	1h	0.5180	+0.528%	$56K	$1K	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5158	+0.101%	$99K	$174K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5161	+0.165%	$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	0.5158	+0.091%	$173K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5151	−0.039%	$11.6M	$27.9M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5155	+0.039%	$7.4M	$13.7M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5152	−0.019%	$7.2M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5159	+0.124%	$1.6M	$641K	20x	as long as short
Bitget JTOUSDTlong	+0.0100%	4h	0.5153	long leg	$2.5M	$2.4M	50x
BingX JTO-USDT	+0.0100%	4h	0.5153	0.000%	—	$63.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5184	+0.600%	$184K	$258K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5153	0.000%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5150	−0.057%	$523K	$854K	10x	as long as short
Backpack JTO_USDC_PERP	+0.0191%	1h	0.5159	+0.114%	$226K	$508K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5156	+0.056%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0304%	1h	0.5192	+0.757%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5160	+0.136%	$638K	$576K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5190	+0.718%	$373K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0516%	1h	0.5156	+0.065%	$351K	$312K	25x	as long as short