Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.076%

Price spread now: Bulk against BloFin+0.206%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 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. Bulk is 0.206% dearer against BloFin than usual: you sell high and buy low (spread +0.206% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JTO-USDT	0.5121	0.0340	pay 0.0170% / 4h	2h 50m	$624K	$567K	75x
Short	Bulk JTO-USD	0.5132	0.0100	get 0.0013% / 1h	50m 26s	$63K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against BloFin. 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 BloFinbpFee BulkbpOrdersPrice spread, now +0.206%Rate

Funding earned: −$50.4
Price spread: +0.206% → 0.000%: $20.59
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$48.81
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: BloFin: live order book, 16 min ago; Bulk: 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 BloFin live order book, 16 min ago	1.93 bp	10.4 bp −$10	31.8 bp −$318	doesn't fit	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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	−0.0139%	1h	0.5136	+0.293%	$13K	$10K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5144	+0.455%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+8.170%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.890%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0039%	4h	0.5139	+0.351%	$3.9M	$9.4M	50x	as long as short
Paradex JTO-USD-PERP	+0.0061%	8h	0.5137	+0.321%	$513	—	5x	as long as short
Gate JTO_USDT	+0.0090%	8h	0.5141	+0.391%	$905K	$1.0M	75x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5136	+0.293%	$4K	$872	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5149	+0.545%	$108K	$200K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5143	+0.421%	$150K	$222K	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	0.5139	+0.351%	$11.3M	$27.8M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5143	+0.430%	$7.5M	$13.5M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5140	+0.371%	$6.9M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5143	+0.437%	$1.6M	$577K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5143	+0.430%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5142	+0.410%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5141	+0.381%	$222K	$434K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5138	+0.326%	$223K	$296K	—	as long as short
Bulk JTO-USDshort	+0.0100%	1h	0.5132	+0.206%	$63K	$8K	10x
Extended JTO-USD	+0.0104%	1h	0.5139	+0.349%	$520K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5136	+0.297%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0264%	1h	0.5143	+0.430%	$59K	$135K	25x	as long as short
BloFin JTO-USDTlong	+0.0340%	4h	0.5121	long leg	$624K	$567K	75x
Hyperliquid JTO	+0.0454%	1h	0.5151	+0.596%	$7.2M	$3.0M	5x	as long as short
Phoenix JTO	+0.0466%	1h	0.5145	+0.469%	$380K	$114K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0772%	1h	0.5141	+0.392%	$347K	$309K	25x	as long as short