Funding arb · Price arb /

JTO

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Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h —

Price spread now: Lighter against Reya−7.698%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 7.698% cheaper against Reya than usual: you would sell low and buy high (spread −7.698% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$770 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	0.5540	0	get 0.0000% / 1h	2m 32s	—	—	—
Short	Lighter JTO	0.5113	0.0096	get 0.0012% / 1h	2m 32s	$114K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −7.698%Rate

Funding earned: $20.16
Price spread: −7.698% → 0.000%: −$769.77
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$755.61
Costs to cover: 0.060%
Break-even: 269.4 days

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 12 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 Lighter live order book, 12 min ago	8.22 bp	21.9 bp −$22	59.9 bp −$599	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	−0.0337%	1h	0.5111	−7.736%	$13K	$30K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5109	−7.768%	$3K	$5K	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
Paradex JTO-USD-PERP	+0.0051%	8h	0.5106	−7.821%	$489	$10	5x	as long as short
Lighter JTOshort	+0.0096%	1h	0.5113	−7.698%	$114K	$242K	10x
Hyperliquid JTO	+0.0100%	1h	0.5115	−7.665%	$6.9M	$3.0M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5108	−7.789%	$119K	$233K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5105	−7.844%	$10.7M	$27.7M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5106	−7.826%	$6.7M	$13.9M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5104	−7.862%	$3.7M	$9.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5112	−7.719%	$55K	−$0	10x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5110	−7.754%	$885K	$941K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5105	−7.844%	$6.2M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5112	−7.709%	$1.4M	$614K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5107	−7.808%	$2.3M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5108	−7.790%	—	$8.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5117	−7.625%	$219K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5111	−7.736%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5104	−7.869%	$524K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5113	−7.700%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0268%	1h	0.5118	−7.606%	$242K	$322K	10x	as long as short
Phoenix JTO	+0.0313%	1h	0.5123	−7.519%	$362K	$128K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5108	−7.790%	$578K	$556K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5122	−7.537%	$58K	$133K	25x	as long as short
Kraken Futures PF_JTOUSD	+0.0760%	1h	0.5122	−7.540%	$339K	$378K	25x	as long as short