Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0258%/8h= −28.3% APRpaid last 24h −0.035%

Price spread now: Gate against Lighter−0.048%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1441.437% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now −0.048%, 7d avg −0.098%

Together, before fees−0.432%+ Points / potential airdropLighter: Season 3 · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.050% dearer against Lighter than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.098%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.042% in total) that is about 8.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% 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	Lighter JTO	0.5177	0.0096	pay 0.0012% / 1h	52m 42s	$99K	$174K	10x
Short	Gate JTO_USDT	0.5174	−0.0162	pay 0.0162% / 8h	1h 52m	$936K	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter. 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 LighterbpFee GatebpOrdersPrice spread, now −0.048%Rate

Funding earned: −$54.18
Price spread: −0.048% → −0.098%: $5.02
Slippage, 4 orders: −$128.67
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$192.83
Costs to cover: 1.437%
Break-even: never at this rate

Slippage from Lighter: live order book, 21 min ago; Gate: live order book, 5 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 Lighter live order book, 21 min ago	12.97 bp	32.1 bp −$32	53.6 bp −$536	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.85 bp	43.0 bp −$43	87.2 bp −$872	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	−0.0716%	1h	0.5170	−0.126%	$13K	$11K	10x	as long as short
Gate JTO_USDTshort	−0.0162%	8h	0.5174	−0.048%	$936K	$1.5M	75x
OKX JTO-USDT-SWAP	−0.0142%	4h	0.5168	−0.164%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5176	0.000%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.012%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0010%	8h	0.5176	−0.003%	$517	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.931%	$31	$43K	5.5x	as long as short
Lighter JTOlong	+0.0096%	1h	0.5177	long leg	$99K	$174K	10x
Aster JTOUSDT	+0.0100%	4h	0.5174	−0.053%	$174K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5170	−0.126%	$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	0.5174	−0.048%	$7.5M	$13.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5163	−0.261%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5168	−0.164%	$7.2M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5180	+0.070%	$1.6M	$677K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5170	−0.126%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5170	−0.126%	—	$63.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5202	+0.494%	$184K	$258K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5172	−0.087%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5167	−0.180%	$526K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5174	−0.042%	$2K	—	50x	as long as short
Hyperliquid JTO	+0.0283%	1h	0.5183	+0.118%	$7.3M	$3.1M	5x	as long as short
Coinbase International JTO-PERP-INTX	+0.0304%	1h	0.5203	+0.512%	$57K	$126K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5174	−0.048%	$635K	$576K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0415%	1h	0.5177	+0.006%	$225K	$513K	10x	as long as short
Phoenix JTO	+0.0463%	1h	0.5191	+0.280%	$373K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0514%	1h	0.5176	−0.004%	$352K	$313K	25x	as long as short