Funding you earn now, next payment 08:00 UTC−0.0250%/8h= −27.4% APRnext payment −$1.25 per $10,000 · paid last 24h −0.092%
Price spread now: OKX against BloFin−0.097%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$750.748% of the position
Funding, last 7 days−0.488%−$49 on $10k
+Price spread, last 4 days (all we have)+0.339%+$34 · spread now −0.097%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.109% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin JTO-USDT | 0.5175 | 0.0340 | pay 0.0170% / 4h | 3h 51m | $618K | $538K | 75x |
| Short | OKX JTO-USDT-SWAP | 0.5170 | 0.0090 | get 0.0045% / 4h | 3h 51m | $3.9M | $9.4M | 50x |
BloFin JTO-USDT
OKX JTO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$52.53
- Price spread: −0.097% → +0.012%
- −$10.85
- Slippage, 4 orders
- −$52.78
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$138.17
- Costs to cover
- 0.748%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 45 min ago; OKX: live order book, 2 min ago.
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, 45 min ago | 7.81 bp | 15.8 bp −$16 | 27.1 bp −$271 | 128.7 bp −$12.9K | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.97 bp | 19.3 bp −$19 | 69.1 bp −$691 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | −0.0590% | 4h | 0.5173 | −0.039% | $7.1M | $14.0M | 50x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0523% | 1h | 0.5172 | −0.058% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0367% | 8h | 0.5173 | −0.039% | $900K | $998K | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5178 | +0.060% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.046% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.903% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0083% | 8h | 0.5173 | −0.030% | $516 | — | 5x | as long as short |
| OKX JTO-USDT-SWAPshort | +0.0090% | 4h | 0.5170 | −0.097% | $3.9M | $9.4M | 50x | |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5173 | −0.039% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5175 | −0.008% | $118K | $226K | 10x | as long as short |
Bybit JTOUSDT
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid JTO | +0.0100% | 1h | 0.5180 | +0.097% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5175 | +0.004% | $125K | $218K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5171 | −0.077% | $11.3M | $27.6M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5172 | −0.064% | $56K | $17K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5171 | −0.077% | $6.2M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5177 | +0.039% | $1.6M | $603K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5177 | +0.039% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5171 | −0.077% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5174 | −0.027% | $224K | $246K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5171 | −0.086% | $521K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5177 | +0.042% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0310% | 1h | 0.5174 | −0.019% | $382K | $114K | 5x | as long as short |
| BloFin JTO-USDTlong | +0.0340% | 4h | 0.5175 | long leg | $618K | $538K | 75x | |
| Kraken Futures PF_JTOUSD | +0.0377% | 1h | 0.5178 | +0.052% | $337K | $312K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5182 | +0.135% | $59K | $138K | 25x | as long as short |
| Backpack JTO_USDC_PERP | +0.0766% | 1h | 0.5180 | +0.099% | $268K | $314K | 10x | as long as short |
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
Backpack JTO_USDC_PERP