Funding arb · Price arb /

JTO

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Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h —

Price spread now: Hyperliquid against Reya−7.673%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 7.673% cheaper against Reya than usual: you would sell low and buy high (spread −7.673% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$767 on $10k: about 9 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	7m 21s	—	—	—
Short	Hyperliquid JTO	0.5114	0.0100	get 0.0013% / 1h	7m 21s	$7.0M	$3.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −7.673%Rate

Funding earned: $21
Price spread: −7.673% → 0.000%: −$767.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$761.31
Costs to cover: 0.150%
Break-even: 260.8 days

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 5 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 Hyperliquid live order book, 5 min ago	2.44 bp	13.9 bp −$14	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	−0.0531%	1h	0.5117	−7.624%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0200%	8h	0.5107	−7.804%	$905K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0047%	4h	0.5104	−7.858%	$3.8M	$9.5M	50x	as long as short
Paradex JTO-USD-PERP	−0.0036%	8h	0.5105	−7.848%	$509	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5113	−7.691%	$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	−10.223%	$31	$43K	5.5x	as long as short
Bulk JTO-USD	+0.0087%	1h	0.5106	−7.822%	$55K	$640	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5109	−7.775%	$100K	$193K	10x	as long as short
Hyperliquid JTOshort	+0.0100%	1h	0.5114	−7.673%	$7.0M	$3.2M	5x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5109	−7.774%	$171K	$177K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5104	−7.858%	$11.2M	$28.1M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5110	−7.750%	$7.4M	$13.8M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5104	−7.858%	$7.0M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5112	−7.708%	$1.6M	$631K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5108	−7.786%	$2.5M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5107	−7.804%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5101	−7.917%	$223K	$305K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5106	−7.822%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5106	−7.823%	$518K	$854K	10x	as long as short
Backpack JTO_USDC_PERP	+0.0160%	1h	0.5122	−7.535%	$225K	$467K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5109	−7.766%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0226%	1h	0.5122	−7.530%	$346K	$313K	25x	as long as short
Coinbase International JTO-PERP-INTX	+0.0296%	1h	0.5172	−6.631%	$57K	$113K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5100	−7.931%	$619K	$605K	75x	as long as short
Phoenix JTO	+0.0465%	1h	0.5114	−7.678%	$367K	$266K	5x	as long as short