Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Aster+7.157%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Reya

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 airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 7.157% dearer against Aster than usual: you sell high and buy low (spread +7.157% now, against zero (this spread has no 7-day history yet)): +$716 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JTOUSDT	0.5169	0.0100	pay 0.0050% / 4h	1h 48m	$174K	$176K	10x
Short	Reya JTORUSDPERP	0.5539	0	get 0.0000% / 1h	48m 53s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. 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 AsterbpFee ReyabpOrdersPrice spread, now +7.157%Rate

Funding earned: −$21
Price spread: +7.157% → 0.000%: $715.7
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $680.7
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Aster: live order book, 32 min ago; Reya: 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 Aster live order book, 32 min ago	4.82 bp	63.2 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−0.0717%	1h	0.5163	−0.125%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0163%	8h	0.5163	−0.125%	$934K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0143%	4h	0.5163	−0.125%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5167	−0.055%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPshort	0.0000%	1h	0.5539	+7.157%	—	—	—
Paradex JTO-USD-PERP	+0.0001%	8h	0.5160	−0.177%	$515	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.800%	$31	$43K	5.5x	as long as short
Bulk JTO-USD	+0.0074%	1h	0.5168	−0.028%	$56K	$1K	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5169	−0.001%	$99K	$174K	10x	as long as short
Aster JTOUSDTlong	+0.0100%	4h	0.5169	long leg	$174K	$176K	10x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5167	−0.047%	$11.6M	$27.9M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5171	+0.030%	$7.4M	$13.8M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5167	−0.047%	$7.2M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5165	−0.086%	$1.6M	$677K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5167	−0.047%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5166	−0.067%	—	$63.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5174	+0.089%	$183K	$258K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5164	−0.105%	$4K	$2K	10x	as long as short
Backpack JTO_USDC_PERP	+0.0104%	1h	0.5171	+0.040%	$227K	$512K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5166	−0.061%	$523K	$854K	10x	as long as short
Hyperliquid JTO	+0.0152%	1h	0.5175	+0.104%	$7.3M	$3.1M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5167	−0.056%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0304%	1h	0.5203	+0.649%	$57K	$126K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5168	−0.028%	$641K	$576K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5173	+0.069%	$372K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0515%	1h	0.5172	+0.046%	$352K	$313K	25x	as long as short