Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0440%/8h= +48.2% APRnext payment +$0.55 per $10,000 · paid last 24h —

Price spread now: Coinbase International against Reya−6.797%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 Coinbase International

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. Coinbase International is 6.797% cheaper against Reya than usual: you would sell low and buy high (spread −6.797% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$680 on $10k: about 51 days of funding at the current rate (+$13 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	1m 43s	—	—	—
Short	Coinbase International JTO-PERP-INTX	0.5163	0.0440	get 0.0055% / 1h	1m 43s	$58K	$137K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −6.797%Rate

Funding earned: $92.4
Price spread: −6.797% → 0.000%: −$679.72
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$603.32
Costs to cover: 0.160%
Break-even: 52.7 days

Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 51 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 Coinbase International live order book, 51 min ago	18.38 bp	23.4 bp −$23	doesn't fit	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	−0.0527%	1h	0.5145	−7.122%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0361%	8h	0.5147	−7.086%	$890K	$1.0M	75x	as long as short
Bybit JTOUSDT	−0.0155%	4h	0.5153	−6.978%	$7.1M	$14.0M	50x	as long as short
OKX JTO-USDT-SWAP	−0.0043%	4h	0.5150	−7.032%	$3.9M	$9.4M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5156	−6.922%	$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
Variational Omni JTO	+0.0094%	4h	0.5152	−7.003%	$221K	$242K	—	as long as short
Paradex JTO-USD-PERP	+0.0096%	8h	0.5151	−7.006%	$514	—	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5160	−6.851%	$117K	$228K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JTO	+0.0100%	1h	0.5160	−6.857%	$7.0M	$3.0M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5156	−6.927%	$123K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5150	−7.029%	$11.2M	$27.5M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5143	−7.151%	$56K	$9K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5152	−6.996%	$6.1M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5150	−7.028%	$1.5M	$604K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5151	−7.014%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5148	−7.068%	—	$27.5M	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5146	−7.104%	$4K	$652	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5141	−7.192%	$522K	$2.1M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5148	−7.074%	$2K	—	50x	as long as short
Phoenix JTO	+0.0310%	1h	0.5160	−6.851%	$381K	$114K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5145	−7.122%	$614K	$520K	75x	as long as short
Kraken Futures PF_JTOUSD	+0.0379%	1h	0.5152	−6.989%	$333K	$313K	25x	as long as short
Coinbase International JTO-PERP-INTXshort	+0.0440%	1h	0.5163	−6.797%	$58K	$137K	25x
Backpack JTO_USDC_PERP	+0.0642%	1h	0.5152	−6.994%	$267K	$311K	10x	as long as short