Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.016%

Price spread now: Gate against Injective+3.579%69s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Gate

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

The price spread pays, funding is against you. Gate is 3.579% dearer against Injective than usual: you sell high and buy low (spread +3.579% now, against zero (this spread has no 7-day history yet)): +$358 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 69 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	Injective JTO/USDC PERP	0.4973	0.0033	pay 0.0004% / 1h	54m 10s	$31	$43K	5.5x
Short	Gate JTO_USDT	0.5151	−0.0131	pay 0.0131% / 8h	2h 54m	$935K	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now +3.579%Rate

Funding earned: −$34.51
Price spread: +3.579% → 0.000%: $357.93
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $308.4
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	3.87 bp	32.4 bp −$32	87.6 bp −$876	doesn't fit	doesn't fit

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	−0.0526%	1h	0.5152	+3.599%	$13K	$11K	10x	as long as short
Gate JTO_USDTshort	−0.0131%	8h	0.5151	+3.579%	$935K	$1.5M	75x
OKX JTO-USDT-SWAP	−0.0046%	4h	0.5148	+3.519%	$3.9M	$9.8M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5162	+3.799%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+11.395%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0022%	8h	0.5152	+3.604%	$514	—	5x	as long as short
Injective JTO/USDC PERPlong	+0.0033%	1h	0.4973	long leg	$31	$43K	5.5x
Lighter JTO	+0.0096%	1h	0.5156	+3.686%	$99K	$183K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5158	+3.721%	$173K	$175K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5151	+3.579%	$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	0.5156	+3.680%	$7.6M	$13.5M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5167	+3.901%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5152	+3.599%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5159	+3.748%	$1.6M	$572K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5153	+3.620%	$2.6M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5153	+3.620%	—	$63.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5172	+4.011%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5150	+3.559%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5148	+3.516%	$523K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5155	+3.651%	$2K	—	50x	as long as short
Hyperliquid JTO	+0.0229%	1h	0.5163	+3.825%	$7.3M	$3.2M	5x	as long as short
Backpack JTO_USDC_PERP	+0.0300%	1h	0.5159	+3.746%	$263K	$527K	10x	as long as short
Phoenix JTO	+0.0311%	1h	0.5172	+4.002%	$372K	$267K	5x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5202	+4.605%	$57K	$127K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5160	+3.760%	$645K	$579K	75x	as long as short
Kraken Futures PF_JTOUSD	+0.0610%	1h	0.5158	+3.715%	$351K	$315K	25x	as long as short