Funding arb · Price arb /

JTO

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Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Bitget+9.605%49s7-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 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 9.605% dearer against Bitget than usual: you sell high and buy low (spread +9.605% now, against zero (this spread has no 7-day history yet)): +$961 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 months. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JTOUSDT	0.5054	0.0100	pay 0.0050% / 4h	1h 57m	$2.2M	$2.2M	50x
Short	Reya JTORUSDPERP	0.5539	0	get 0.0000% / 1h	57m 38s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. 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 BitgetbpFee ReyabpOrdersPrice spread, now +9.605%Rate

Funding earned: −$21
Price spread: +9.605% → 0.000%: $960.52
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $921.52
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Bitget: 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 Bitget live order book, 3 min ago	2.97 bp	19.8 bp −$20	59.2 bp −$592	doesn't fit	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 exchanges

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	−0.0541%	1h	0.5054	0.000%	$23K	$40K	10x	as long as short
Kraken Futures PF_JTOUSD	−0.0316%	1h	0.5055	+0.012%	$330K	$402K	25x	as long as short
Bybit JTOUSDT	−0.0143%	4h	0.5053	−0.020%	$6.6M	$13.3M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5055	+0.016%	$3K	$5K	5x	as long as short
Reya JTORUSDPERPshort	0.0000%	1h	0.5539	+9.605%	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−1.603%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0048%	8h	0.5051	−0.053%	$484	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5058	+0.083%	$113K	$205K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5060	+0.115%	$6.8M	$2.8M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5060	+0.119%	$117K	$205K	10x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5050	−0.072%	$10.5M	$25.7M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5050	−0.079%	$3.7M	$9.1M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5062	+0.162%	$55K	−$0	10x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5055	+0.020%	$877K	$852K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5051	−0.059%	$6.0M	$3.0M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5056	+0.030%	$1.4M	$590K	20x	as long as short
Bitget JTOUSDTlong	+0.0100%	4h	0.5054	long leg	$2.2M	$2.2M	50x
BingX JTO-USDT	+0.0100%	4h	0.5052	−0.040%	—	$8.3M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5051	−0.063%	$218K	$192K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5055	+0.020%	$4K	$798	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5049	−0.096%	$519K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5053	−0.012%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5048	−0.119%	$574K	$522K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0354%	1h	0.5060	+0.121%	$235K	$337K	10x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5071	+0.336%	$55K	$122K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5064	+0.198%	$358K	$121K	5x	as long as short