Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.097%

Price spread now: OKX against Coinbase International−0.293%7-day average −0.427% · you buy dearer than you sell

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

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.293%, 7d avg −0.427%

Together, before fees−0.376%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.134% dearer against Coinbase International than usual: you sell high and buy low (spread −0.293% now, against its 7-day average of −0.427%): +$13 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JTO-PERP-INTX	0.5115	0.0464	pay 0.0058% / 1h	11m 13s	$58K	$133K	25x
Short	OKX JTO-USDT-SWAP	0.5100	0.0100	get 0.0050% / 4h	3h 11m	$3.7M	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Coinbase International. 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 Coinbase InternationalbpFee OKXbpOrdersPrice spread, now −0.293%Rate

Funding earned: −$76.44
Price spread: −0.293% → −0.427%: $13.36
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$83.08
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 22 min ago; OKX: live order book, 2 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, 22 min ago	11.87 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.98 bp	17.3 bp −$17	64.0 bp −$640	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	−0.0337%	1h	0.5105	−0.196%	$13K	$30K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5106	−0.173%	$3K	$5K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+8.298%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.776%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0041%	8h	0.5105	−0.195%	$489	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5110	−0.098%	$114K	$242K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5112	−0.059%	$6.9M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5106	−0.177%	$119K	$233K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5105	−0.196%	$10.7M	$27.9M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5104	−0.215%	$6.7M	$14.1M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX JTO-USDT-SWAPshort	+0.0100%	4h	0.5100	−0.293%	$3.7M	$9.8M	50x
Bulk JTO-USD	+0.0100%	1h	0.5100	−0.301%	$55K	−$0	10x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5103	−0.235%	$882K	$938K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5105	−0.196%	$6.2M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5105	−0.192%	$1.4M	$627K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5104	−0.215%	$2.3M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5103	−0.235%	—	$8.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5111	−0.083%	$218K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5104	−0.215%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5104	−0.223%	$521K	$2.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0123%	1h	0.5109	−0.125%	$241K	$321K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5104	−0.224%	$2K	—	50x	as long as short
Phoenix JTO	+0.0313%	1h	0.5110	−0.098%	$361K	$128K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5105	−0.196%	$577K	$564K	75x	as long as short
Coinbase International JTO-PERP-INTXlong	+0.0464%	1h	0.5115	long leg	$58K	$133K	25x
Kraken Futures PF_JTOUSD	+0.0762%	1h	0.5113	−0.036%	$338K	$379K	25x	as long as short