Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: KuCoin against Reya−7.525%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 KuCoin

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. KuCoin is 7.525% cheaper against Reya than usual: you would sell low and buy high (spread −7.525% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$753 on $10k: about 8 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	5m 51s	—	—	—
Short	KuCoin JTOUSDTM	0.5123	0.0100	get 0.0050% / 4h	1h 05m	$1.6M	$585K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −7.525%Rate

Funding earned: $21
Price spread: −7.525% → 0.000%: −$752.51
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$749.51
Costs to cover: 0.180%
Break-even: 256.8 days

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	12.55 bp	67.9 bp −$68	759.7 bp −$7,597	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	0.5119	−7.590%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0390%	8h	0.5116	−7.644%	$891K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5132	−7.355%	$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	+0.0083%	8h	0.5125	−7.488%	$511	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5120	−7.572%	$3K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5127	−7.449%	$117K	$228K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5127	−7.451%	$7.0M	$3.2M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5124	−7.498%	$125K	$219K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5117	−7.630%	$11.2M	$27.3M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5118	−7.608%	$7.2M	$13.9M	50x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5116	−7.644%	$3.8M	$9.3M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5121	−7.554%	$6.6M	$3.5M	50x	as long as short
KuCoin JTOUSDTMshort	+0.0100%	4h	0.5123	−7.525%	$1.6M	$585K	20x
Bitget JTOUSDT	+0.0100%	4h	0.5119	−7.590%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5119	−7.590%	—	$68.0M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5121	−7.563%	$222K	$288K	—	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5172	−6.641%	$56K	$15K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5118	−7.614%	$515K	$1.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0125%	1h	0.5128	−7.437%	$265K	$322K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5123	−7.513%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0336%	1h	0.5197	−6.182%	$60K	$135K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5136	−7.283%	$622K	$503K	75x	as long as short
Phoenix JTO	+0.0464%	1h	0.5171	−6.651%	$382K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0679%	1h	0.5130	−7.391%	$336K	$313K	25x	as long as short