Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h —

Price spread now: Extended against Reya−6.452%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 Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 6.452% cheaper against Reya than usual: you would sell low and buy high (spread −6.452% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$645 on $10k: about 7 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	0.5539	0	get 0.0000% / 1h	49m 49s	—	—	—
Short	Extended JTO-USD	0.5182	0.0104	get 0.0013% / 1h	49m 49s	$526K	$854K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −6.452%Rate

Funding earned: $21.84
Price spread: −6.452% → 0.000%: −$645.18
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$634.34
Costs to cover: 0.110%
Break-even: 210.3 days

Slippage unknown: Reya: no order-book sample; Extended: live order book, 28 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 Extended live order book, 28 min ago	2.35 bp	17.2 bp −$17	139.9 bp −$1,399	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	−0.0328%	1h	0.5184	−6.415%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0137%	8h	0.5187	−6.361%	$934K	$1.4M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0036%	4h	0.5180	−6.487%	$3.9M	$9.7M	50x	as long as short
Paradex JTO-USD-PERP	−0.0030%	8h	0.5189	−6.323%	$518	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5191	−6.284%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5539	long leg	—	—	—
Bulk JTO-USD	+0.0023%	1h	0.5183	−6.433%	$56K	$1K	10x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−10.224%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5189	−6.323%	$106K	$177K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5193	−6.258%	$7.3M	$3.1M	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	0.5188	−6.349%	$174K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5183	−6.433%	$11.6M	$28.0M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5186	−6.379%	$7.4M	$13.8M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5183	−6.433%	$7.2M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5191	−6.285%	$1.6M	$640K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5188	−6.343%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5184	−6.415%	—	$66.2M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5180	−6.490%	$183K	$258K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5185	−6.397%	$4K	$2K	10x	as long as short
Extended JTO-USDshort	+0.0104%	1h	0.5182	−6.452%	$526K	$854K	10x
Kraken Futures PF_JTOUSD	+0.0223%	1h	0.5192	−6.277%	$352K	$311K	25x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5187	−6.361%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0296%	1h	0.5189	−6.325%	$57K	$117K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5179	−6.505%	$629K	$629K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0344%	1h	0.5191	−6.281%	$227K	$481K	10x	as long as short
Phoenix JTO	+0.0465%	1h	0.5194	−6.234%	$373K	$266K	5x	as long as short