Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: BingX against Reya−7.086%7-day average — · you buy dearer than you sell

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

Long on Reya Short on BingX

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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. BingX is 7.086% cheaper against Reya than usual: you would sell low and buy high (spread −7.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$709 on $10k: about 8 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JTORUSDPERP	0.5540	0	get 0.0000% / 1h	34m 45s	—	—	—
Short	BingX JTO-USDT	0.5147	0.0100	get 0.0050% / 4h	1h 34m	—	$68.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now −7.086%Rate

Funding earned: $21
Price spread: −7.086% → 0.000%: −$708.65
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$703.65
Costs to cover: 0.160%
Break-even: 241.5 days

Slippage unknown: Reya: no order-book sample; BingX: live order book, 4 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	1.95 bp	14.4 bp −$14	37.2 bp −$372	213.7 bp −$21.4K	529.2 bp −$264.6K

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 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	0.5152	−6.996%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0326%	8h	0.5147	−7.086%	$898K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5147	−7.086%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5540	long leg	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−10.227%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0080%	8h	0.5148	−7.075%	$514	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5152	−6.996%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5161	−6.843%	$118K	$228K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5157	−6.910%	$7.1M	$3.3M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5154	−6.955%	$126K	$219K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5147	−7.078%	$11.3M	$27.2M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5148	−7.068%	$7.3M	$13.8M	50x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5144	−7.141%	$3.9M	$9.3M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5147	−7.086%	$56K	$15K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5152	−6.996%	$6.7M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5153	−6.982%	$1.6M	$587K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5146	−7.105%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDTshort	+0.0100%	4h	0.5147	−7.086%	—	$68.0M	—
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5158	−6.881%	$269K	$330K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5148	−7.059%	$223K	$288K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5149	−7.047%	$520K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5154	−6.958%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0336%	1h	0.5155	−6.942%	$59K	$135K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5151	−7.014%	$622K	$516K	75x	as long as short
Phoenix JTO	+0.0464%	1h	0.5130	−7.393%	$379K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0676%	1h	0.5156	−6.926%	$347K	$306K	25x	as long as short