Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.011%

Price spread now: dYdX against Bybit+0.103%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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. dYdX is 0.103% dearer against Bybit than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JTOUSDT	0.5094	0.0100	pay 0.0050% / 4h	3h 56m	$6.8M	$14.3M	50x
Short	dYdX JTO-USD	0.5099	0	get 0.0000% / 1h	56m 20s	$4K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$21
Price spread: +0.103% → 0.000%: $10.28
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$31.72
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; dYdX: 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 Bybit live order book, 2 min ago	0.98 bp	28.3 bp −$28	91.7 bp −$917	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0338%	1h	0.5103	+0.177%	$13K	$30K	10x	as long as short
dYdX JTO-USDshort	0.0000%	1h	0.5099	+0.103%	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5540	+8.747%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.375%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0054%	8h	0.5096	+0.048%	$488	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5101	+0.137%	$114K	$240K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5102	+0.161%	$6.9M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5101	+0.130%	$119K	$233K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5093	−0.020%	$10.7M	$28.5M	75x	as long as short
Bybit JTOUSDTlong	+0.0100%	4h	0.5094	long leg	$6.8M	$14.3M	50x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5094	0.000%	$3.7M	$9.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5092	−0.041%	$55K	−$0	10x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5101	+0.137%	$884K	$923K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5094	0.000%	$6.3M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5103	+0.181%	$1.5M	$581K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5096	+0.039%	$2.3M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5097	+0.059%	—	$8.6M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5115	+0.412%	$242K	$324K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5096	+0.036%	$218K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5097	+0.059%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5095	+0.024%	$522K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5098	+0.074%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5094	0.000%	$587K	$564K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5113	+0.373%	$58K	$134K	25x	as long as short
Phoenix JTO	+0.0472%	1h	0.5108	+0.275%	$372K	$123K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0762%	1h	0.5112	+0.360%	$324K	$369K	25x	as long as short