Funding arb · Price arb /

JTO

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Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: Orderly against Reya−6.600%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 Orderly

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. Orderly is 6.600% cheaper against Reya than usual: you would sell low and buy high (spread −6.600% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$660 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	0.5540	0	get 0.0000% / 1h	54m 44s	—	—	—
Short	Orderly PERP_JTO_USDC_mythos	0.5174	0.0100	get 0.0050% / 4h	2h 54m	$4K	$652	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −6.600%Rate

Funding earned: $21
Price spread: −6.600% → 0.000%: −$660
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$651
Costs to cover: 0.120%
Break-even: 224.0 days

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

Reya and Orderly: 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	−0.0522%	1h	0.5174	−6.600%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0342%	8h	0.5175	−6.582%	$896K	$985K	75x	as long as short
Bybit JTOUSDT	−0.0081%	4h	0.5186	−6.383%	$7.1M	$14.0M	50x	as long as short
OKX JTO-USDT-SWAP	−0.0051%	4h	0.5177	−6.546%	$3.9M	$9.4M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5191	−6.293%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5540	long leg	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−10.228%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0096%	8h	0.5185	−6.393%	$518	—	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5193	−6.264%	$116K	$228K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5180	−6.499%	$222K	$242K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JTO	+0.0100%	1h	0.5199	−6.152%	$7.1M	$3.0M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5189	−6.330%	$124K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5184	−6.417%	$11.3M	$27.6M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5143	−7.153%	$56K	$9K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5185	−6.401%	$6.1M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5191	−6.291%	$1.6M	$604K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5190	−6.311%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5180	−6.492%	—	$27.5M	—	as long as short
Orderly PERP_JTO_USDC_mythosshort	+0.0100%	4h	0.5174	−6.600%	$4K	$652	10x
Extended JTO-USD	+0.0104%	1h	0.5177	−6.544%	$521K	$2.2M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5176	−6.563%	$2K	—	50x	as long as short
Phoenix JTO	+0.0310%	1h	0.5191	−6.293%	$383K	$118K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5180	−6.492%	$618K	$538K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5186	−6.383%	$59K	$138K	25x	as long as short
Kraken Futures PF_JTOUSD	+0.0478%	1h	0.5184	−6.415%	$335K	$313K	25x	as long as short
Backpack JTO_USDC_PERP	+0.1144%	1h	0.5185	−6.396%	$269K	$310K	10x	as long as short