Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.034%

Price spread now: Orderly against Paradex−0.027%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 Orderly

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. Orderly is 0.027% cheaper against Paradex than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 9.6 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	0.5129	0.0091	pay 0.0091% / 8h	2h 36m	$491	$10	5x
Short	Orderly PERP_JTO_USDC_mythos	0.5128	0.0100	get 0.0050% / 4h	2h 36m	$4K	$652	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.027%Rate

Funding earned: $1.96
Price spread: −0.027% → 0.000%: −$2.68
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.72
Costs to cover: 0.100%
Break-even: 45.2 days

Slippage unknown: Paradex: no order-book sample; Orderly: 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 Orderly no order-book sample	—	—	—	—	—

Paradex and Orderly: 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	−0.0335%	1h	0.5128	−0.027%	$3K	$20K	10x	as long as short
Gate JTO_USDT	−0.0295%	8h	0.5127	−0.046%	$887K	$1.0M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0029%	4h	0.5119	−0.202%	$3.8M	$9.5M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5132	+0.055%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.997%	—	—	—	as long as short
Bybit JTOUSDT	+0.0011%	4h	0.5127	−0.046%	$7.0M	$14.1M	50x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.049%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERPlong	+0.0091%	8h	0.5129	long leg	$491	$10	5x
Lighter JTO	+0.0096%	1h	0.5137	+0.143%	$114K	$229K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5130	+0.016%	$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	0.5127	−0.037%	$122K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5125	−0.093%	$11.1M	$27.8M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5125	−0.085%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5130	+0.012%	$6.0M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5131	+0.026%	$1.5M	$608K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5126	−0.066%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5125	−0.085%	—	$8.8M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5107	−0.443%	$219K	$242K	—	as long as short
Orderly PERP_JTO_USDC_mythosshort	+0.0100%	4h	0.5128	−0.027%	$4K	$652	10x
Extended JTO-USD	+0.0104%	1h	0.5128	−0.033%	$515K	$2.2M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5129	0.000%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0331%	1h	0.5136	+0.127%	$267K	$309K	10x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5130	+0.012%	$615K	$533K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5209	+1.552%	$59K	$136K	25x	as long as short
Phoenix JTO	+0.0464%	1h	0.5140	+0.207%	$379K	$118K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0482%	1h	0.5137	+0.144%	$332K	$313K	25x	as long as short