Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.011%

Price spread now: Bybit against dYdX−0.143%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 Bybit

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. Bybit is 0.143% cheaper against dYdX than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 8.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JTO-USD	0.5103	0	get 0.0000% / 1h	1m 11s	$4K	$4K	5x
Short	Bybit JTOUSDT	0.5096	0.0054	get 0.0027% / 4h	1m 11s	$6.8M	$14.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.143%Rate

Funding earned: $11.28
Price spread: −0.143% → 0.000%: −$14.28
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$24
Costs to cover: 0.210%
Break-even: 21.9 days

Slippage unknown: dYdX: no order-book sample; Bybit: 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 dYdX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.98 bp	30.3 bp −$30	75.6 bp −$756	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	−0.0338%	1h	0.5096	−0.143%	$13K	$30K	10x	as long as short
Gate JTO_USDT	−0.0024%	8h	0.5102	−0.025%	$884K	$1.0M	75x	as long as short
dYdX JTO-USDlong	0.0000%	1h	0.5103	long leg	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5540	+8.549%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.553%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0050%	8h	0.5099	−0.075%	$489	$10	5x	as long as short
Bybit JTOUSDTshort	+0.0054%	4h	0.5096	−0.143%	$6.8M	$14.4M	50x
Lighter JTO	+0.0096%	1h	0.5101	−0.037%	$114K	$243K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5100	−0.055%	$6.9M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5098	−0.101%	$119K	$232K	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	0.5093	−0.194%	$10.7M	$28.6M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5090	−0.260%	$3.7M	$9.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5120	+0.330%	$55K	−$0	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5098	−0.104%	$6.1M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5101	−0.041%	$1.5M	$588K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5099	−0.084%	$2.3M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5093	−0.202%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5096	−0.146%	$218K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5094	−0.182%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5094	−0.179%	$524K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5098	−0.109%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0273%	1h	0.5101	−0.049%	$244K	$323K	10x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5101	−0.045%	$582K	$565K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5100	−0.064%	$58K	$134K	25x	as long as short
Phoenix JTO	+0.0472%	1h	0.5108	+0.092%	$372K	$123K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0843%	1h	0.5104	+0.009%	$324K	$369K	25x	as long as short