Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0360%/8h= +39.4% APRpaid last 24h +0.098%

Price spread now: BloFin against Paradex−0.116%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 BloFin

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. BloFin is 0.116% cheaper against Paradex than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 26 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JTO-USD-PERP	0.5161	−0.0020	get 0.0020% / 8h	46m 37s	$515	—	5x
Short	BloFin JTO-USDT	0.5155	0.0340	get 0.0170% / 4h	46m 37s	$629K	$626K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.116%Rate

Funding earned: $75.52
Price spread: −0.116% → 0.000%: −$11.58
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $47.94
Costs to cover: 0.160%
Break-even: 2.6 days

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 30 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 BloFin live order book, 30 min ago	0.98 bp	10.0 bp −$10	18.6 bp −$186	97.2 bp −$9,723	doesn't fit

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
Deribit JTO_USDC-PERPETUAL	−0.0332%	1h	0.5151	−0.193%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0147%	8h	0.5162	+0.020%	$929K	$1.4M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0025%	4h	0.5157	−0.077%	$3.9M	$9.6M	50x	as long as short
Paradex JTO-USD-PERPlong	−0.0020%	8h	0.5161	long leg	$515	—	5x
dYdX JTO-USD	0.0000%	1h	0.5161	+0.006%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.330%	—	—	—	as long as short
Bulk JTO-USD	+0.0023%	1h	0.5183	+0.427%	$56K	$1K	10x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.642%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5170	+0.167%	$108K	$182K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5172	+0.210%	$7.3M	$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	0.5167	+0.123%	$173K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5163	+0.033%	$11.5M	$28.0M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5166	+0.097%	$7.4M	$13.8M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5162	+0.020%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5169	+0.155%	$1.6M	$638K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5165	+0.078%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5163	+0.039%	—	$66.2M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5180	+0.366%	$183K	$258K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5150	−0.213%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5162	+0.026%	$524K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5153	−0.156%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0224%	1h	0.5157	−0.075%	$350K	$311K	25x	as long as short
Backpack JTO_USDC_PERP	+0.0239%	1h	0.5160	−0.029%	$226K	$480K	10x	as long as short
Coinbase International JTO-PERP-INTX	+0.0296%	1h	0.5189	+0.543%	$57K	$117K	25x	as long as short
BloFin JTO-USDTshort	+0.0340%	4h	0.5155	−0.116%	$629K	$626K	75x
Phoenix JTO	+0.0465%	1h	0.5184	+0.446%	$372K	$266K	5x	as long as short