Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.077%

Price spread now: Coinbase International against MEXC+1.154%51s7-day average +0.377% · you sell dearer than you buy

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

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.411%+$41 on $10k

Price spread, last 3 days (all we have)−1.005%−$100 · spread now +1.154%, 7d avg +0.377%

Together, before fees−0.594%−$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.777% dearer against MEXC than usual: you sell high and buy low: +$78 more if the spread goes back to its 7-day average of +0.377%. The two prices were read 51 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	MEXC JTO_USDT	0.5113	0.0100	pay 0.0050% / 4h	3h 58m	$7.0M	$3.6M	50x
Short	Coinbase International JTO-PERP-INTX	0.5172	0.0320	get 0.0040% / 1h	58m 28s	$57K	$113K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +1.154%Rate

Funding earned: $46.2
Price spread: +1.154% → +0.377%: $77.69
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $113.89
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: MEXC: live order book, 4 min ago; Coinbase International: live order book, 14 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 MEXC live order book, 4 min ago	0.98 bp	2.6 bp −$3	11.5 bp −$115	65.6 bp −$6,558	177.4 bp −$88.7K
Sell Coinbase International live order book, 14 min ago	19.59 bp	doesn't fit	doesn't fit	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	−0.0531%	1h	0.5119	+0.117%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0189%	8h	0.5113	0.000%	$908K	$1.2M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0037%	4h	0.5111	−0.039%	$3.9M	$9.4M	50x	as long as short
Paradex JTO-USD-PERP	−0.0023%	8h	0.5112	−0.028%	$510	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5114	+0.020%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+8.336%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.738%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5113	+0.006%	$100K	$186K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5121	+0.154%	$7.0M	$3.2M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5119	+0.110%	$172K	$177K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5117	+0.078%	$11.3M	$28.1M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5117	+0.078%	$7.5M	$13.7M	50x	as long as short
MEXC JTO_USDTlong	+0.0100%	4h	0.5113	long leg	$7.0M	$3.6M	50x
KuCoin JTOUSDTM	+0.0100%	4h	0.5120	+0.129%	$1.6M	$599K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5116	+0.059%	$2.5M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5119	+0.117%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5131	+0.358%	$224K	$305K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5119	+0.117%	$4K	$2K	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5128	+0.293%	$56K	−$0	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5112	−0.021%	$518K	$851K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5121	+0.153%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0249%	1h	0.5123	+0.199%	$346K	$313K	25x	as long as short
Backpack JTO_USDC_PERP	+0.0291%	1h	0.5124	+0.215%	$225K	$463K	10x	as long as short
Coinbase International JTO-PERP-INTXshort	+0.0320%	1h	0.5172	+1.154%	$57K	$113K	25x
BloFin JTO-USDT	+0.0340%	4h	0.5113	0.000%	$616K	$606K	75x	as long as short
Phoenix JTO	+0.0465%	1h	0.5131	+0.352%	$368K	$261K	5x	as long as short