Funding arb · Price arb /

JTO

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Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0472%/8h= +51.7% APRnext payment +$0.59 per $10,000 · paid last 24h —

Price spread now: Phoenix against Reya−7.683%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 Phoenix

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. Phoenix is 7.683% cheaper against Reya than usual: you would sell low and buy high (spread −7.683% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$768 on $10k: about 54 days of funding at the current rate (+$14 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 56s	—	—	—
Short	Phoenix JTO	0.5114	0.0472	get 0.0059% / 1h	54m 56s	$372K	$128K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −7.683%Rate

Funding earned: $99.1
Price spread: −7.683% → 0.000%: −$768.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$682.21
Costs to cover: 0.130%
Break-even: 55.2 days

Slippage unknown: Reya: no order-book sample; Phoenix: live order book, 42 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 Phoenix live order book, 42 min ago	1.97 bp	21.2 bp −$21	60.2 bp −$602	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
Bybit JTOUSDT	−0.0656%	4h	0.5095	−8.026%	$6.8M	$14.3M	50x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0536%	1h	0.5082	−8.261%	$13K	$30K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5081	−8.279%	$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	+0.0046%	8h	0.5078	−8.337%	$486	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5088	−8.145%	$114K	$240K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5092	−8.080%	$6.9M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5100	−7.930%	$119K	$233K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5096	−8.008%	$10.7M	$28.4M	75x	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	0.5094	−8.044%	$3.7M	$9.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5092	−8.081%	$55K	−$0	10x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5094	−8.044%	$882K	$923K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5096	−8.008%	$6.3M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5101	−7.923%	$1.5M	$581K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5095	−8.026%	$2.3M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5098	−7.972%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5092	−8.086%	$218K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5083	−8.243%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5093	−8.071%	$522K	$2.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0133%	1h	0.5091	−8.104%	$241K	$323K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5085	−8.214%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5098	−7.972%	$587K	$564K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5098	−7.972%	$58K	$134K	25x	as long as short
Phoenix JTOshort	+0.0472%	1h	0.5114	−7.683%	$372K	$128K	5x
Kraken Futures PF_JTOUSD	+0.0765%	1h	0.5088	−8.147%	$323K	$369K	25x	as long as short