Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0451%/8h= −49.4% APRpaid last 24h −0.116%

Price spread now: Gate against Coinbase International−0.980%7-day average −0.344% · you buy dearer than you sell

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

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.432%−$43 on $10k

Price spread, last 3 days (all we have)+0.783%+$78 · spread now −0.980%, 7d avg −0.344%

Together, before fees+0.351%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Gate is 0.636% cheaper against Coinbase International than usual: you would sell low and buy high (−$64 if the spread goes back to its 7-day average of −0.344%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JTO-PERP-INTX	0.5202	0.0320	pay 0.0040% / 1h	54m 07s	$57K	$127K	25x
Short	Gate JTO_USDT	0.5151	−0.0131	pay 0.0131% / 8h	2h 54m	$935K	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now −0.980%Rate

Funding earned: −$94.71
Price spread: −0.980% → −0.344%: −$63.64
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$183.35
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 33 min ago; Gate: live order book, 3 min ago. 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 Coinbase International live order book, 33 min ago	16.42 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.87 bp	32.4 bp −$32	87.6 bp −$876	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
Deribit JTO_USDC-PERPETUAL	−0.0526%	1h	0.5152	−0.961%	$13K	$11K	10x	as long as short
Gate JTO_USDTshort	−0.0131%	8h	0.5151	−0.980%	$935K	$1.5M	75x
OKX JTO-USDT-SWAP	−0.0046%	4h	0.5148	−1.038%	$3.9M	$9.8M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5162	−0.770%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+6.491%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0022%	8h	0.5152	−0.957%	$514	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−4.402%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5156	−0.879%	$99K	$183K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5158	−0.845%	$173K	$175K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5151	−0.980%	$11.6M	$27.9M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JTOUSDT	+0.0100%	4h	0.5156	−0.884%	$7.6M	$13.5M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5167	−0.673%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5152	−0.961%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5159	−0.819%	$1.6M	$572K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5153	−0.942%	$2.6M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5153	−0.942%	—	$63.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5172	−0.568%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5150	−1.000%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5148	−1.041%	$523K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5155	−0.912%	$2K	—	50x	as long as short
Hyperliquid JTO	+0.0229%	1h	0.5163	−0.745%	$7.3M	$3.2M	5x	as long as short
Backpack JTO_USDC_PERP	+0.0300%	1h	0.5159	−0.821%	$263K	$527K	10x	as long as short
Phoenix JTO	+0.0311%	1h	0.5172	−0.577%	$372K	$267K	5x	as long as short
Coinbase International JTO-PERP-INTXlong	+0.0320%	1h	0.5202	long leg	$57K	$127K	25x
BloFin JTO-USDT	+0.0340%	4h	0.5160	−0.807%	$645K	$579K	75x	as long as short
Kraken Futures PF_JTOUSD	+0.0610%	1h	0.5158	−0.850%	$351K	$315K	25x	as long as short