Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h —

Price spread now: Reya against Paradex+7.368%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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 7.368% dearer against Paradex than usual: you sell high and buy low (spread +7.368% now, against zero (this spread has no 7-day history yet)): +$737 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JTO-USD-PERP	0.5159	0.0082	pay 0.0082% / 8h	5h 59m	$515	—	5x
Short	Reya JTORUSDPERP	0.5539	0	get 0.0000% / 1h	59m 09s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpOrdersPrice spread, now +7.368%Rate

Funding earned: −$17.22
Price spread: +7.368% → 0.000%: $736.78
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: $709.57
Costs to cover: 0.100%
Break-even: from the start

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

Paradex and Reya: 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	−0.0331%	1h	0.5157	−0.044%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0210%	8h	0.5154	−0.102%	$907K	$993K	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5162	+0.053%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPshort	0.0000%	1h	0.5539	+7.368%	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.610%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERPlong	+0.0082%	8h	0.5159	long leg	$515	—	5x
OKX JTO-USDT-SWAP	+0.0094%	4h	0.5155	−0.082%	$3.9M	$9.3M	50x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5157	−0.044%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5163	+0.082%	$118K	$227K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5166	+0.137%	$7.1M	$3.3M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5159	+0.003%	$127K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5156	−0.063%	$11.3M	$27.2M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5159	−0.005%	$7.6M	$13.4M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5156	−0.063%	$6.6M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5159	−0.005%	$1.6M	$570K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5158	−0.024%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5159	−0.005%	—	$68.0M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5158	−0.022%	$224K	$288K	—	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5136	−0.451%	$56K	$15K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5155	−0.089%	$520K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5159	+0.001%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0336%	1h	0.5179	+0.383%	$60K	$135K	25x	as long as short
Phoenix JTO	+0.0466%	1h	0.5163	+0.073%	$381K	$107K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0675%	1h	0.5161	+0.039%	$347K	$306K	25x	as long as short
Backpack JTO_USDC_PERP	+0.0746%	1h	0.5165	+0.121%	$268K	$356K	10x	as long as short