Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0646%/8h= +70.7% APRpaid last 24h +0.133%

Price spread now: BloFin against Gate−0.332%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1261.265% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.522%+$52 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.332%, 7d avg −0.073%

Together, before fees+0.640%+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.259% cheaper against Gate than usual: you would sell low and buy high (spread −0.332% now, against its 7-day average of −0.073%). If the spread goes back, that is −$26 on $10k: about 32 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.522% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JTO_USDT	0.5117	−0.0306	get 0.0306% / 8h	2h 38m	$884K	$1.0M	75x
Short	BloFin JTO-USDT	0.5100	0.0340	get 0.0170% / 4h	2h 38m	$613K	$530K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now −0.332%Rate

Funding earned: $135.66
Price spread: −0.332% → −0.073%: −$25.95
Slippage, 4 orders: −$99.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$16.76
Costs to cover: 1.265%
Break-even: 7.9 days

Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 53 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, 3 min ago	4.89 bp	41.3 bp −$41	105.1 bp −$1,051	doesn't fit	doesn't fit
Sell BloFin live order book, 53 min ago	1.93 bp	22.7 bp −$23	47.7 bp −$477	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	−0.0337%	1h	0.5110	−0.137%	$3K	$20K	10x	as long as short
Gate JTO_USDTlong	−0.0306%	8h	0.5117	long leg	$884K	$1.0M	75x
Bybit JTOUSDT	−0.0040%	4h	0.5116	−0.020%	$7.0M	$14.1M	50x	as long as short
OKX JTO-USDT-SWAP	−0.0037%	4h	0.5113	−0.078%	$3.8M	$9.5M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5107	−0.191%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+8.258%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.814%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0090%	8h	0.5107	−0.189%	$489	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5124	+0.139%	$114K	$229K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5124	+0.147%	$7.0M	$3.0M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5121	+0.070%	$122K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5118	+0.018%	$11.1M	$27.8M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5125	+0.156%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5119	+0.039%	$6.0M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5119	+0.035%	$1.5M	$608K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5118	+0.020%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5119	+0.039%	—	$8.8M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5107	−0.202%	$219K	$242K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5109	−0.156%	$3K	$652	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5117	−0.006%	$515K	$2.2M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5106	−0.212%	$2K	—	50x	as long as short
BloFin JTO-USDTshort	+0.0340%	4h	0.5100	−0.332%	$613K	$530K	75x
Backpack JTO_USDC_PERP	+0.0412%	1h	0.5113	−0.074%	$266K	$310K	10x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5209	+1.798%	$59K	$136K	25x	as long as short
Phoenix JTO	+0.0464%	1h	0.5140	+0.449%	$379K	$118K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0484%	1h	0.5116	−0.015%	$330K	$313K	25x	as long as short