Funding arb · Price arb /

JTO

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Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: Injective against Reya−10.223%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 Injective

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. Injective is 10.223% cheaper against Reya than usual: you would sell low and buy high (spread −10.223% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,022 on $10k: about years of funding at the current rate (+$1 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	30m 43s	—	—	—
Short	Injective JTO/USDC PERP	0.4973	0.0033	get 0.0004% / 1h	30m 43s	$31	$43K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −10.223%Rate

Funding earned: $7
Price spread: −10.223% → 0.000%: −$1,022.26
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,021.28
Costs to cover: 0.060%
Break-even: 1028.3 days

Slippage unknown: Reya: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Reya and Injective: 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	−0.0726%	1h	0.5116	−7.641%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0164%	8h	0.5114	−7.677%	$925K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0067%	4h	0.5107	−7.803%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5112	−7.710%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5539	long leg	—	—	—
Paradex JTO-USD-PERP	+0.0023%	8h	0.5107	−7.802%	$510	—	5x	as long as short
Injective JTO/USDC PERPshort	+0.0033%	1h	0.4973	−10.223%	$31	$43K	5.5x
Bulk JTO-USD	+0.0064%	1h	0.5180	−6.481%	$56K	$1K	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5115	−7.657%	$97K	$175K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5123	−7.506%	$7.2M	$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	0.5118	−7.613%	$172K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5109	−7.772%	$11.5M	$28.0M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5112	−7.713%	$7.3M	$13.8M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5110	−7.749%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5122	−7.533%	$1.6M	$643K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5115	−7.659%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5115	−7.659%	—	$63.6M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5123	−7.506%	$225K	$505K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5155	−6.939%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5118	−7.605%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5113	−7.695%	$521K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5129	−7.408%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0304%	1h	0.5192	−6.269%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5112	−7.713%	$635K	$570K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5158	−6.883%	$371K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0520%	1h	0.5122	−7.535%	$347K	$314K	25x	as long as short