Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Orderly+0.024%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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. dYdX is 0.024% dearer against Orderly than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_JTO_USDC_mythos	0.5118	0.0100	pay 0.0050% / 4h	3h 57m	$4K	$2K	10x
Short	dYdX JTO-USD	0.5119	0	get 0.0000% / 1h	57m 35s	$4K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Orderly. 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 OrderlybpFee dYdXbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$21
Price spread: +0.024% → 0.000%: $2.41
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$34.59
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; dYdX: 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 Orderly no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Orderly and dYdX: 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	−0.0336%	1h	0.5118	0.000%	$13K	$11K	10x	as long as short
OKX JTO-USDT-SWAP	−0.0037%	4h	0.5110	−0.156%	$3.9M	$9.4M	50x	as long as short
Paradex JTO-USD-PERP	−0.0020%	8h	0.5110	−0.148%	$510	—	5x	as long as short
dYdX JTO-USDshort	0.0000%	1h	0.5119	+0.024%	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5539	+8.231%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.833%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5115	−0.049%	$101K	$186K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5121	+0.052%	$7.0M	$3.2M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5118	−0.005%	$172K	$177K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5110	−0.150%	$11.3M	$28.1M	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	0.5116	−0.039%	$7.5M	$13.8M	50x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5112	−0.117%	$910K	$1.2M	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5112	−0.117%	$7.0M	$3.6M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5119	+0.027%	$1.6M	$599K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5114	−0.078%	$2.5M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5114	−0.078%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5131	+0.260%	$224K	$305K	—	as long as short
Orderly PERP_JTO_USDC_mythoslong	+0.0100%	4h	0.5118	long leg	$4K	$2K	10x
Bulk JTO-USD	+0.0100%	1h	0.5128	+0.195%	$56K	−$0	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5112	−0.120%	$518K	$851K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5121	+0.055%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0249%	1h	0.5123	+0.092%	$346K	$313K	25x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5113	−0.098%	$56K	$112K	25x	as long as short
Backpack JTO_USDC_PERP	+0.0324%	1h	0.5124	+0.109%	$225K	$463K	10x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5113	−0.098%	$616K	$606K	75x	as long as short
Phoenix JTO	+0.0465%	1h	0.5131	+0.254%	$368K	$261K	5x	as long as short