Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.033%

Price spread now: MEXC against Paradex−0.073%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 MEXC

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. MEXC is 0.073% cheaper against Paradex than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 11 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JTO-USD-PERP	0.5175	0.0078	pay 0.0078% / 8h	6h 22m	$516	—	5x
Short	MEXC JTO_USDT	0.5171	0.0100	get 0.0050% / 4h	2h 22m	$6.8M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.073%Rate

Funding earned: $4.57
Price spread: −0.073% → 0.000%: −$7.35
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: −$6.77
Costs to cover: 0.040%
Break-even: 17.4 days

Slippage unknown: Paradex: no order-book sample; MEXC: live order book, just now. 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 MEXC live order book, just now	1.93 bp	5.2 bp −$5	18.8 bp −$188	80.0 bp −$7,997	160.7 bp −$80.3K

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 25 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	−0.0330%	1h	0.5169	−0.112%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0133%	8h	0.5168	−0.131%	$912K	$1.1M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5175	+0.005%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.048%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.900%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERPlong	+0.0078%	8h	0.5175	long leg	$516	—	5x
OKX JTO-USDT-SWAP	+0.0079%	4h	0.5164	−0.209%	$3.9M	$9.5M	50x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5170	−0.093%	$4K	$872	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5175	+0.004%	$125K	$227K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5171	−0.080%	$127K	$222K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5165	−0.188%	$11.4M	$27.6M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5167	−0.151%	$7.6M	$13.5M	50x	as long as short
MEXC JTO_USDTshort	+0.0100%	4h	0.5171	−0.073%	$6.8M	$3.5M	50x
KuCoin JTOUSDTM	+0.0100%	4h	0.5174	−0.010%	$1.6M	$579K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5172	−0.054%	$2.4M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5168	−0.131%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5165	−0.182%	$266K	$432K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5170	−0.090%	$225K	$296K	—	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5162	−0.240%	$56K	$15K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5169	−0.120%	$523K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5172	−0.059%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0264%	1h	0.5175	+0.004%	$60K	$139K	25x	as long as short
Hyperliquid JTO	+0.0439%	1h	0.5182	+0.147%	$7.2M	$3.2M	5x	as long as short
Phoenix JTO	+0.0466%	1h	0.5170	−0.093%	$382K	$114K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0767%	1h	0.5171	−0.076%	$348K	$308K	25x	as long as short