Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0875%/8h= −95.8% APRpaid last 24h −0.222%

Price spread now: Deribit against BloFin+0.177%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 Deribit

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. Deribit is 0.177% dearer against BloFin than usual: you sell high and buy low (spread +0.177% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JTO-USDT	0.5081	0.0340	pay 0.0170% / 4h	46m 50s	$613K	$498K	75x
Short	Deribit JTO_USDC-PERPETUAL	0.5090	−0.0535	pay 0.0067% / 1h	46m 50s	$12K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now +0.177%Rate

Funding earned: −$183.8
Price spread: +0.177% → 0.000%: $17.71
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$185.09
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 55 min ago; Deribit: 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, 55 min ago	2.93 bp	17.6 bp −$18	32.2 bp −$322	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	−0.0535%	1h	0.5090	+0.177%	$12K	$10K	10x
Gate JTO_USDT	−0.0443%	8h	0.5088	+0.138%	$884K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5095	+0.277%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+9.025%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.126%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0078%	8h	0.5092	+0.214%	$508	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5089	+0.157%	$3K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5094	+0.266%	$116K	$226K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5100	+0.372%	$6.9M	$3.2M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5097	+0.323%	$124K	$219K	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	0.5091	+0.199%	$11.1M	$27.3M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5094	+0.256%	$7.1M	$13.9M	50x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5092	+0.216%	$3.8M	$9.3M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5138	+1.124%	$56K	$17K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5096	+0.295%	$6.5M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5095	+0.276%	$1.5M	$596K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5093	+0.236%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5091	+0.197%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5100	+0.378%	$266K	$315K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5103	+0.425%	$221K	$288K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5090	+0.180%	$515K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5094	+0.258%	$2K	—	50x	as long as short
BloFin JTO-USDTlong	+0.0340%	4h	0.5081	long leg	$613K	$498K	75x
Coinbase International JTO-PERP-INTX	+0.0416%	1h	0.5103	+0.433%	$58K	$135K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5099	+0.354%	$376K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0738%	1h	0.5095	+0.272%	$334K	$312K	25x	as long as short