Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0217%/8h= −23.8% APRpaid last 24h −0.122%

Price spread now: Deribit against Paradex+0.082%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.082% dearer against Paradex than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JTO-USD-PERP	0.5138	0.0078	pay 0.0078% / 8h	2h 15m	$492	$10	5x
Short	Deribit JTO_USDC-PERPETUAL	0.5142	−0.0139	pay 0.0017% / 1h	15m 56s	$3K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$45.61
Price spread: +0.082% → 0.000%: $8.21
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$48.4
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Paradex and Deribit: 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	−0.0243%	8h	0.5142	+0.082%	$903K	$1.0M	75x	as long as short
Deribit JTO_USDC-PERPETUALshort	−0.0139%	1h	0.5142	+0.082%	$3K	$20K	10x
dYdX JTO-USD	0.0000%	1h	0.5140	+0.043%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.821%	—	—	—	as long as short
OKX JTO-USDT-SWAP	+0.0026%	4h	0.5141	+0.063%	$3.8M	$9.6M	50x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.207%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERPlong	+0.0078%	8h	0.5138	long leg	$492	$10	5x
Bybit JTOUSDT	+0.0093%	4h	0.5142	+0.082%	$7.0M	$14.2M	50x	as long as short
Lighter JTO	+0.0096%	1h	0.5148	+0.203%	$115K	$229K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5153	+0.288%	$7.0M	$3.0M	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	0.5144	+0.114%	$122K	$220K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5142	+0.082%	$11.1M	$28.0M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5122	−0.297%	$55K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5141	+0.063%	$6.0M	$3.6M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5146	+0.168%	$1.5M	$611K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5144	+0.121%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5143	+0.102%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5142	+0.084%	$220K	$241K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5142	+0.082%	$4K	$652	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5141	+0.056%	$518K	$2.2M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0150%	1h	0.5152	+0.273%	$265K	$308K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5143	+0.099%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5141	+0.063%	$602K	$544K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5161	+0.452%	$58K	$136K	25x	as long as short
Phoenix JTO	+0.0464%	1h	0.5151	+0.257%	$380K	$118K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0481%	1h	0.5150	+0.235%	$344K	$349K	25x	as long as short