Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0173%/8h= +18.9% APRpaid last 24h +0.016%

Price spread now: Bulk against OKX−0.529%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 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. Bulk is 0.529% cheaper against OKX than usual: you would sell low and buy high (spread −0.529% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$53 on $10k: about 10 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX JTO-USDT-SWAP	0.5167	−0.0073	get 0.0036% / 4h	3h 40m	$3.9M	$9.5M	50x
Short	Bulk JTO-USD	0.5140	0.0100	get 0.0013% / 1h	40m 25s	$56K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against OKX. 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 OKXbpFee BulkbpOrdersPrice spread, now −0.529%Rate

Funding earned: $36.23
Price spread: −0.529% → 0.000%: −$52.92
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$33.69
Costs to cover: 0.170%
Break-even: 13.5 days

Slippage unknown: OKX: live order book, 3 min ago; Bulk: 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 OKX live order book, 3 min ago	1.94 bp	21.7 bp −$22	69.9 bp −$699	doesn't fit	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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	−0.0523%	1h	0.5170	+0.058%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0483%	8h	0.5172	+0.097%	$915K	$1.2M	75x	as long as short
OKX JTO-USDT-SWAPlong	−0.0073%	4h	0.5167	long leg	$3.9M	$9.5M	50x
Paradex JTO-USD-PERP	−0.0009%	8h	0.5172	+0.089%	$516	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5175	+0.155%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.206%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.755%	$31	$43K	5.5x	as long as short
Bybit JTOUSDT	+0.0058%	4h	0.5171	+0.077%	$7.5M	$13.6M	50x	as long as short
Lighter JTO	+0.0096%	1h	0.5173	+0.124%	$102K	$187K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5179	+0.228%	$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	+0.155%	$174K	$177K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5168	+0.019%	$11.4M	$28.0M	75x	as long as short
Bulk JTO-USDshort	+0.0100%	1h	0.5140	−0.529%	$56K	−$0	10x
MEXC JTO_USDT	+0.0100%	4h	0.5171	+0.077%	$7.0M	$3.6M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5178	+0.221%	$1.6M	$599K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5170	+0.058%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5170	+0.058%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5173	+0.110%	$226K	$302K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5169	+0.039%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5166	−0.025%	$521K	$1.6M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5174	+0.134%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0247%	1h	0.5173	+0.118%	$349K	$312K	25x	as long as short
Phoenix JTO	+0.0312%	1h	0.5189	+0.426%	$373K	$262K	5x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5167	0.000%	$66K	$123K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5169	+0.039%	$622K	$605K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0650%	1h	0.5177	+0.188%	$224K	$463K	10x	as long as short