Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0430%/8h= +47.1% APRpaid last 24h +0.139%

Price spread now: MEXC against Deribit−0.135%52s7-day average — · you buy dearer than you sell

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

Long on Deribit Short on MEXC

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—needs both histories

Funding pays, the price is against you. MEXC is 0.135% cheaper against Deribit than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 25 hours of funding at the current rate (+$13 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JTO_USDC-PERPETUAL	0.5170	−0.0330	get 0.0041% / 1h	25m 25s	$13K	$10K	10x
Short	MEXC JTO_USDT	0.5163	0.0100	get 0.0050% / 4h	2h 25m	$6.8M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.135%Rate

Funding earned: $90.29
Price spread: −0.135% → 0.000%: −$13.54
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $69.75
Costs to cover: 0.070%
Break-even: 1.6 days

Slippage unknown: Deribit: no order-book sample; MEXC: 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 Deribit no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	1.93 bp	4.5 bp −$5	18.3 bp −$183	70.2 bp −$7,016	166.6 bp −$83.3K

Deribit: 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-PERPETUALlong	−0.0330%	1h	0.5170	long leg	$13K	$10K	10x
Gate JTO_USDT	−0.0130%	8h	0.5155	−0.290%	$909K	$1.1M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5161	−0.172%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.149%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.810%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0074%	4h	0.5162	−0.155%	$3.9M	$9.5M	50x	as long as short
Paradex JTO-USD-PERP	+0.0077%	8h	0.5157	−0.251%	$515	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5170	0.000%	$4K	$872	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5169	−0.021%	$128K	$224K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5160	−0.198%	$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	0.5160	−0.193%	$11.4M	$27.7M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5164	−0.116%	$7.5M	$13.5M	50x	as long as short
MEXC JTO_USDTshort	+0.0100%	4h	0.5163	−0.135%	$6.8M	$3.5M	50x
KuCoin JTOUSDTM	+0.0100%	4h	0.5168	−0.031%	$1.6M	$579K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5163	−0.135%	$2.4M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5161	−0.174%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5168	−0.044%	$266K	$434K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5170	+0.003%	$225K	$296K	—	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5162	−0.147%	$56K	$15K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5157	−0.258%	$523K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5172	+0.045%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0264%	1h	0.5166	−0.077%	$59K	$138K	25x	as long as short
Hyperliquid JTO	+0.0461%	1h	0.5174	+0.075%	$7.2M	$3.2M	5x	as long as short
Phoenix JTO	+0.0466%	1h	0.5170	0.000%	$382K	$114K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0767%	1h	0.5177	+0.127%	$349K	$307K	25x	as long as short