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: Orderly against dYdX−0.093%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 Orderly

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. Orderly is 0.093% cheaper against dYdX than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 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	0.5172	0	get 0.0000% / 1h	27m 11s	$4K	$4K	5x
Short	Orderly PERP_JTO_USDC_mythos	0.5167	0.0100	get 0.0050% / 4h	2h 27m	$4K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.093%Rate

Funding earned: $21
Price spread: −0.093% → 0.000%: −$9.27
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.27
Costs to cover: 0.160%
Break-even: 8.4 days

Slippage unknown: dYdX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

dYdX and Orderly: 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	−0.0717%	1h	0.5168	−0.073%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0161%	8h	0.5167	−0.093%	$936K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0092%	4h	0.5164	−0.151%	$3.9M	$9.8M	50x	as long as short
dYdX JTO-USDlong	0.0000%	1h	0.5172	long leg	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.109%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0002%	8h	0.5165	−0.130%	$515	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.844%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5171	−0.013%	$100K	$184K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5171	−0.024%	$174K	$175K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5165	−0.138%	$11.6M	$27.9M	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	0.5170	−0.035%	$7.5M	$13.5M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5165	−0.131%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5165	−0.131%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5171	−0.006%	$1.6M	$571K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5167	−0.093%	$2.6M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5165	−0.131%	—	$63.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5179	+0.135%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythosshort	+0.0100%	4h	0.5167	−0.093%	$4K	$2K	10x
Hyperliquid JTO	+0.0100%	1h	0.5176	+0.085%	$7.3M	$3.2M	5x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5165	−0.123%	$523K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5171	−0.009%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0237%	1h	0.5173	+0.033%	$263K	$503K	10x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5186	+0.275%	$57K	$126K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5166	−0.112%	$640K	$576K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5177	+0.101%	$372K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0608%	1h	0.5174	+0.049%	$352K	$312K	25x	as long as short