Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —
Price spread now: Bybit against Reya−8.981%56s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Bybit is 8.981% cheaper against Reya than usual: you would sell low and buy high (spread −8.981% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$898 on $10k: about 10 months of funding at the current rate (+$3 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya JTORUSDPERP | 0.5539 | 0 | get 0.0000% / 1h | 35m 30s | — | — | — |
| Short | Bybit JTOUSDT | 0.5042 | 0.0100 | get 0.0050% / 4h | 1h 35m | $6.7M | $14.3M | 50x |
Reya JTORUSDPERP
Bybit JTOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −8.981% → 0.000%
- −$898.05
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$894.05
- Costs to cover
- 0.170%
- Break-even
- 305.0 days
Slippage unknown: Reya: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 0.99 bp | 18.5 bp −$19 | 64.2 bp −$642 | doesn't fit | doesn't fit |
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 | −0.0543% | 1h | 0.5043 | −8.962% | $12K | $30K | 10x | as long as short |
| Gate JTO_USDT | −0.0152% | 8h | 0.5044 | −8.944% | $886K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5045 | −8.924% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERPlong | 0.0000% | 1h | 0.5539 | long leg | — | — | — | |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −10.226% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0084% | 8h | 0.5043 | −8.956% | $483 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5050 | −8.834% | $113K | $240K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5050 | −8.836% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5048 | −8.881% | $118K | $230K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5042 | −8.981% | $10.8M | $28.7M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDTshort | +0.0100% | 4h | 0.5042 | −8.981% | $6.7M | $14.3M | 50x | |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5042 | −8.981% | $3.7M | $9.6M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5077 | −8.349% | $55K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5042 | −8.981% | $5.9M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5049 | −8.858% | $1.5M | $619K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5045 | −8.926% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5043 | −8.962% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5049 | −8.852% | $217K | $240K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5044 | −8.944% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5042 | −8.985% | $509K | $2.2M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5046 | −8.905% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERP | +0.0263% | 1h | 0.5052 | −8.793% | $266K | $305K | 10x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5056 | −8.728% | $591K | $533K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0456% | 1h | 0.5089 | −8.132% | $59K | $136K | 25x | as long as short |
| Phoenix JTO | +0.0467% | 1h | 0.5068 | −8.511% | $374K | $118K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0854% | 1h | 0.5049 | −8.853% | $320K | $374K | 25x | as long as short |
OKX JTO-USDT-SWAP
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Backpack JTO_USDC_PERP
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD