Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: MEXC against dYdX−0.121%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 MEXC

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. MEXC is 0.121% cheaper against dYdX than usual: you would sell low and buy high (spread −0.121% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.0 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	7m 17s	$4K	$4K	5x
Short	MEXC JTO_USDT	0.5151	0.0100	get 0.0050% / 4h	3h 07m	$7.0M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.121%Rate

Funding earned: $21
Price spread: −0.121% → 0.000%: −$12.07
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1.07
Costs to cover: 0.100%
Break-even: 7.4 days

Slippage unknown: dYdX: no order-book sample; MEXC: 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 MEXC live order book, 5 min ago	0.97 bp	3.3 bp −$3	12.8 bp −$128	70.3 bp −$7,032	161.0 bp −$80.5K

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	−0.0331%	1h	0.5157	−0.004%	$13K	$10K	10x	as long as short
dYdX JTO-USDlong	0.0000%	1h	0.5157	long leg	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.411%	—	—	—	as long as short
OKX JTO-USDT-SWAP	+0.0002%	4h	0.5155	−0.043%	$3.9M	$9.2M	50x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.572%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0044%	8h	0.5153	−0.078%	$514	—	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5160	+0.046%	$99K	$189K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5163	+0.116%	$7.0M	$2.8M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5156	−0.023%	$173K	$157K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5156	−0.024%	$11.4M	$27.3M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JTOUSDT	+0.0100%	4h	0.5160	+0.054%	$7.6M	$13.3M	50x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5152	−0.101%	$912K	$1.2M	75x	as long as short
MEXC JTO_USDTshort	+0.0100%	4h	0.5151	−0.121%	$7.0M	$3.6M	50x
KuCoin JTOUSDTM	+0.0100%	4h	0.5153	−0.090%	$1.6M	$593K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5159	+0.034%	$2.5M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5155	−0.043%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5147	−0.205%	$225K	$295K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5157	−0.004%	$4K	$340	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5143	−0.276%	$63K	$8K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5154	−0.069%	$516K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5156	−0.031%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0247%	1h	0.5164	+0.128%	$349K	$307K	25x	as long as short
Backpack JTO_USDC_PERP	+0.0299%	1h	0.5141	−0.317%	$222K	$438K	10x	as long as short
Phoenix JTO	+0.0312%	1h	0.5165	+0.151%	$381K	$262K	5x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5143	−0.276%	$63K	$127K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5150	−0.140%	$626K	$591K	75x	as long as short