Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.029%

Price spread now: Paradex against Bulk+0.262%7-day average — · you sell dearer than you buy

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

Long on Bulk Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.262% dearer against Bulk than usual: you sell high and buy low (spread +0.262% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 38 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk JTO-USD	0.5162	0.0100	pay 0.0013% / 1h	26m 26s	$56K	$15K	10x
Short	Paradex JTO-USD-PERP	0.5176	0.0077	get 0.0077% / 8h	6h 26m	$517	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bulk. 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 BulkbpFee ParadexbpOrdersPrice spread, now +0.262%Rate

Funding earned: −$4.84
Price spread: +0.262% → 0.000%: $26.16
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $10.32
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bulk: no order-book sample; 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 Bulk no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Bulk and 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 25 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	−0.0330%	1h	0.5173	+0.205%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0119%	8h	0.5175	+0.244%	$913K	$1.1M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5176	+0.265%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.306%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.669%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0070%	4h	0.5169	+0.128%	$3.9M	$9.5M	50x	as long as short
Paradex JTO-USD-PERPshort	+0.0077%	8h	0.5176	+0.262%	$517	—	5x
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5170	+0.147%	$4K	$872	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5184	+0.411%	$130K	$224K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5178	+0.299%	$127K	$222K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5173	+0.202%	$11.4M	$27.6M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5175	+0.244%	$7.6M	$13.5M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5175	+0.244%	$6.8M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5179	+0.320%	$1.6M	$579K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5172	+0.186%	$2.4M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5175	+0.244%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5180	+0.333%	$266K	$448K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5170	+0.150%	$225K	$296K	—	as long as short
Bulk JTO-USDlong	+0.0100%	1h	0.5162	long leg	$56K	$15K	10x
Extended JTO-USD	+0.0104%	1h	0.5173	+0.198%	$523K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5172	+0.193%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0264%	1h	0.5189	+0.515%	$60K	$138K	25x	as long as short
Phoenix JTO	+0.0466%	1h	0.5156	−0.124%	$381K	$114K	5x	as long as short
Hyperliquid JTO	+0.0469%	1h	0.5182	+0.387%	$7.2M	$3.1M	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0767%	1h	0.5176	+0.255%	$349K	$307K	25x	as long as short