Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against dYdX−0.058%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 5 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. Bitget is 0.058% cheaper against dYdX than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 47 hours 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	0.5154	0	get 0.0000% / 1h	43m 59s	$4K	$4K	5x
Short	Bitget JTOUSDT	0.5151	0.0100	get 0.0050% / 4h	2h 43m	$2.6M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.058%Rate

Funding earned: $21
Price spread: −0.058% → 0.000%: −$5.82
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$6.82
Costs to cover: 0.220%
Break-even: 9.3 days

Slippage unknown: dYdX: no order-book sample; Bitget: 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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	0.97 bp	16.0 bp −$16	48.3 bp −$483	doesn't fit	doesn't fit

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	−0.0914%	1h	0.5147	−0.136%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0138%	8h	0.5150	−0.078%	$934K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0070%	4h	0.5149	−0.097%	$3.9M	$9.8M	50x	as long as short
dYdX JTO-USDlong	0.0000%	1h	0.5154	long leg	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.478%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0014%	8h	0.5148	−0.107%	$514	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.512%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5154	−0.004%	$99K	$184K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5158	+0.078%	$7.3M	$3.2M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5154	−0.002%	$173K	$175K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5151	−0.058%	$11.6M	$27.9M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5155	+0.019%	$7.5M	$13.5M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5155	+0.019%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5151	−0.058%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5156	+0.041%	$1.6M	$571K	20x	as long as short
Bitget JTOUSDTshort	+0.0100%	4h	0.5151	−0.058%	$2.6M	$2.4M	50x
BingX JTO-USDT	+0.0100%	4h	0.5152	−0.039%	—	$63.6M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5154	+0.002%	$263K	$513K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5151	−0.067%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5148	−0.116%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5149	−0.092%	$523K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5153	−0.026%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5202	+0.931%	$57K	$126K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5148	−0.116%	$645K	$574K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5153	−0.019%	$371K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0610%	1h	0.5157	+0.063%	$351K	$312K	25x	as long as short