Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h —

Price spread now: Bulk against Reya−7.196%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 Bulk

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. Bulk is 7.196% cheaper against Reya than usual: you would sell low and buy high (spread −7.196% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$720 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	56m 48s	—	—	—
Short	Bulk JTO-USD	0.5141	0.0100	get 0.0013% / 1h	56m 48s	$56K	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Reya. 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 ReyabpFee BulkbpOrdersPrice spread, now −7.196%Rate

Funding earned: $21
Price spread: −7.196% → 0.000%: −$719.62
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$711.62
Costs to cover: 0.130%
Break-even: 244.2 days

Slippage unknown: Reya: no order-book sample; Bulk: 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 Reya no order-book sample	—	—	—	—	—
Sell Bulk no order-book sample	—	—	—	—	—

Reya and Bulk: 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	−0.0718%	1h	0.5162	−6.817%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0333%	8h	0.5155	−6.943%	$898K	$994K	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5170	−6.673%	$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	−10.229%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0085%	8h	0.5165	−6.756%	$516	—	5x	as long as short
OKX JTO-USDT-SWAP	+0.0093%	4h	0.5148	−7.070%	$3.9M	$9.4M	50x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5163	−6.799%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5154	−6.961%	$118K	$226K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5155	−6.934%	$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	0.5156	−6.924%	$124K	$218K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5150	−7.041%	$11.3M	$27.5M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5151	−7.016%	$7.1M	$14.0M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5151	−7.016%	$6.2M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5160	−6.857%	$1.5M	$603K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5148	−7.070%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5152	−6.998%	—	$68.0M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5156	−6.924%	$223K	$266K	—	as long as short
Bulk JTO-USDshort	+0.0100%	1h	0.5141	−7.196%	$56K	$17K	10x
Extended JTO-USD	+0.0104%	1h	0.5149	−7.056%	$518K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5165	−6.764%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5157	−6.907%	$618K	$522K	75x	as long as short
Kraken Futures PF_JTOUSD	+0.0378%	1h	0.5165	−6.756%	$336K	$312K	25x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5176	−6.564%	$59K	$137K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5164	−6.781%	$381K	$110K	5x	as long as short
Backpack JTO_USDC_PERP	+0.1019%	1h	0.5167	−6.723%	$269K	$314K	10x	as long as short