Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: BingX against dYdX−0.079%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BingX

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

Funding pays, the price is against you. BingX is 0.079% cheaper against dYdX than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JTO-USD	0.5157	0	get 0.0000% / 1h	59m 20s	$4K	$4K	5x
Short	BingX JTO-USDT	0.5153	0.0100	get 0.0050% / 4h	3h 59m	—	$68.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $21
Price spread: −0.079% → 0.000%: −$7.9
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$6.9
Costs to cover: 0.200%
Break-even: 9.3 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 5 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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	2.91 bp	15.0 bp −$15	26.4 bp −$264	208.8 bp −$20.9K	570.9 bp −$285.4K

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	−0.0525%	1h	0.5154	−0.060%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0346%	8h	0.5155	−0.040%	$897K	$993K	75x	as long as short
dYdX JTO-USDlong	0.0000%	1h	0.5157	long leg	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.418%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.569%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0084%	8h	0.5157	−0.001%	$515	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5155	−0.040%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5158	+0.026%	$118K	$226K	10x	as long as short
OKX JTO-USDT-SWAP	+0.0096%	4h	0.5150	−0.137%	$3.9M	$9.4M	50x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5162	+0.096%	$7.0M	$3.0M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5162	+0.104%	$125K	$218K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5153	−0.087%	$11.3M	$27.5M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5155	−0.040%	$7.1M	$14.0M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5153	−0.079%	$6.2M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5157	−0.009%	$1.5M	$603K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5156	−0.021%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDTshort	+0.0100%	4h	0.5153	−0.079%	—	$68.0M	—
Variational Omni JTO	+0.0100%	4h	0.5156	−0.019%	$223K	$266K	—	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5141	−0.312%	$56K	$17K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5152	−0.102%	$518K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5156	−0.027%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5143	−0.273%	$619K	$521K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0366%	1h	0.5161	+0.072%	$269K	$314K	10x	as long as short
Kraken Futures PF_JTOUSD	+0.0379%	1h	0.5158	+0.013%	$336K	$312K	25x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5168	+0.212%	$58K	$137K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5164	+0.134%	$381K	$110K	5x	as long as short