Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h +0.033%

Price spread now: BingX against Paradex−0.025%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on BingX

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. BingX is 0.025% cheaper against Paradex than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5.9 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JTO-USD-PERP	0.5141	0.0086	pay 0.0086% / 8h	1h 58m	$493	$10	5x
Short	BingX JTO-USDT	0.5140	0.0100	get 0.0050% / 4h	1h 58m	—	$8.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Paradex. 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 ParadexbpFee BingXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $3
Price spread: −0.025% → 0.000%: −$2.51
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.52
Costs to cover: 0.140%
Break-even: 38.6 days

Slippage unknown: Paradex: no order-book sample; BingX: live order book, 9 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 Paradex no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	1.95 bp	15.9 bp −$16	32.1 bp −$321	161.8 bp −$16.2K	530.9 bp −$265.4K

Paradex: 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
Gate JTO_USDT	−0.0179%	8h	0.5137	−0.083%	$904K	$1.0M	75x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0140%	1h	0.5131	−0.200%	$13K	$30K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5139	−0.045%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.749%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.273%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0077%	4h	0.5141	−0.006%	$3.8M	$9.6M	50x	as long as short
Paradex JTO-USD-PERPlong	+0.0086%	8h	0.5141	long leg	$493	$10	5x
Lighter JTO	+0.0096%	1h	0.5147	+0.111%	$115K	$236K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5142	+0.015%	$122K	$220K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5141	−0.015%	$11.2M	$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	0.5141	−0.006%	$7.0M	$14.2M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5137	−0.083%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5142	+0.014%	$6.0M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5141	−0.015%	$1.5M	$612K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5141	−0.006%	$2.4M	$2.2M	50x	as long as short
BingX JTO-USDTshort	+0.0100%	4h	0.5140	−0.025%	—	$8.6M	—
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5140	−0.031%	$264K	$305K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5136	−0.112%	$220K	$241K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5133	−0.161%	$4K	$652	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5141	−0.014%	$518K	$2.2M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5132	−0.174%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5132	−0.181%	$602K	$541K	75x	as long as short
Hyperliquid JTO	+0.0426%	1h	0.5151	+0.197%	$7.0M	$3.0M	5x	as long as short
Coinbase International JTO-PERP-INTX	+0.0456%	1h	0.5159	+0.344%	$59K	$133K	25x	as long as short
Phoenix JTO	+0.0464%	1h	0.5152	+0.208%	$380K	$117K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0839%	1h	0.5142	+0.014%	$343K	$347K	25x	as long as short