Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0266%/8h= +29.1% APRpaid last 24h +0.036%

Price spread now: Bitget against Gate−0.019%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1121.122% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.019%, 7d avg +0.036%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.055% cheaper against Gate than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.036%). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.028% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.028% in total (about 1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JTO_USDT	0.5191	−0.0166	get 0.0166% / 8h	2h 16m	$941K	$1.5M	75x
Short	Bitget JTOUSDT	0.5190	0.0100	get 0.0050% / 4h	2h 16m	$2.6M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.019%Rate

Funding earned: $55.86
Price spread: −0.019% → +0.036%: −$5.53
Slippage, 4 orders: −$85.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.9
Costs to cover: 1.122%
Break-even: 14.8 days

Slippage from Gate: live order book, 1 min ago; Bitget: live order book, 1 min ago.

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 Gate live order book, 1 min ago	5.78 bp	33.8 bp −$34	84.3 bp −$843	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.93 bp	17.4 bp −$17	46.6 bp −$466	doesn't fit	doesn't fit

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	−0.1097%	1h	0.5188	−0.058%	$13K	$11K	10x	as long as short
Gate JTO_USDTlong	−0.0166%	8h	0.5191	long leg	$941K	$1.5M	75x
OKX JTO-USDT-SWAP	−0.0071%	4h	0.5187	−0.077%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5194	+0.058%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+6.712%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0004%	8h	0.5185	−0.108%	$518	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−4.200%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5194	+0.054%	$100K	$184K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5190	−0.016%	$174K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5185	−0.124%	$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	0.5191	0.000%	$7.6M	$13.6M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5185	−0.125%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5185	−0.116%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5194	+0.065%	$1.5M	$610K	20x	as long as short
Bitget JTOUSDTshort	+0.0100%	4h	0.5190	−0.019%	$2.6M	$2.4M	50x
BingX JTO-USDT	+0.0100%	4h	0.5187	−0.077%	—	$63.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5189	−0.044%	$184K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5189	−0.039%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5185	−0.110%	$526K	$854K	10x	as long as short
Hyperliquid JTO	+0.0118%	1h	0.5198	+0.139%	$7.3M	$3.2M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5194	+0.058%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5193	+0.039%	$57K	$125K	25x	as long as short
Backpack JTO_USDC_PERP	+0.0324%	1h	0.5196	+0.106%	$264K	$501K	10x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5188	−0.058%	$641K	$578K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5185	−0.116%	$373K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0605%	1h	0.5195	+0.081%	$354K	$312K	25x	as long as short