Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0505%/8h= +55.3% APRpaid last 24h +0.041%

Price spread now: Injective against Gate−3.885%114s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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. Injective is 3.885% cheaper against Gate than usual: you would sell low and buy high (spread −3.885% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$388 on $10k: about 26 days of funding at the current rate (+$15 a day). The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JTO_USDT	0.5174	−0.0472	get 0.0472% / 8h	7h 41m	$916K	$1.2M	75x
Short	Injective JTO/USDC PERP	0.4973	0.0033	get 0.0004% / 1h	41m 28s	$31	$43K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −3.885%Rate

Funding earned: $106.12
Price spread: −3.885% → 0.000%: −$388.48
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$297.38
Costs to cover: 0.150%
Break-even: 26.6 days

Slippage unknown: Gate: live order book, 1 min ago; Injective: 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 Gate live order book, 1 min ago	5.80 bp	39.0 bp −$39	86.8 bp −$868	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0522%	1h	0.5175	+0.019%	$13K	$11K	10x	as long as short
Gate JTO_USDTlong	−0.0472%	8h	0.5174	long leg	$916K	$1.2M	75x
OKX JTO-USDT-SWAP	−0.0070%	4h	0.5168	−0.116%	$3.9M	$9.5M	50x	as long as short
Paradex JTO-USD-PERP	−0.0005%	8h	0.5168	−0.123%	$516	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5175	+0.020%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.060%	—	—	—	as long as short
Bybit JTOUSDT	+0.0003%	4h	0.5177	+0.058%	$7.6M	$13.6M	50x	as long as short
Injective JTO/USDC PERPshort	+0.0033%	1h	0.4973	−3.885%	$31	$43K	5.5x
Lighter JTO	+0.0096%	1h	0.5171	−0.054%	$102K	$187K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5180	+0.118%	$7.1M	$3.1M	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	0.5175	+0.019%	$174K	$177K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5171	−0.067%	$11.4M	$28.0M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5140	−0.664%	$56K	−$0	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5171	−0.058%	$7.0M	$3.6M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5177	+0.066%	$1.6M	$598K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5174	0.000%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5173	−0.019%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5155	−0.373%	$225K	$304K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5173	−0.019%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5167	−0.138%	$519K	$1.5M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5177	+0.064%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0246%	1h	0.5184	+0.187%	$350K	$312K	25x	as long as short
Phoenix JTO	+0.0312%	1h	0.5189	+0.290%	$373K	$262K	5x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5163	−0.213%	$66K	$123K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5166	−0.155%	$621K	$604K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0681%	1h	0.5181	+0.137%	$224K	$463K	10x	as long as short