Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.076%

Price spread now: BloFin against Bulk−0.198%7-day average — · you buy dearer than you sell

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

Long on Bulk Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.198% cheaper against Bulk than usual: you would sell low and buy high (spread −0.198% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 2.8 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk JTO-USD	0.5050	0.0100	pay 0.0013% / 1h	50m 51s	$55K	−$0	10x
Short	BloFin JTO-USDT	0.5040	0.0340	get 0.0170% / 4h	1h 50m	$572K	$518K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bulk. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BulkbpFee BloFinbpOrdersPrice spread, now −0.198%Rate

Funding earned: $50.4
Price spread: −0.198% → 0.000%: −$19.8
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $11.6
Costs to cover: 0.190%
Break-even: 5.4 days

Slippage unknown: Bulk: no order-book sample; BloFin: live order book, 58 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 Bulk no order-book sample	—	—	—	—	—
Sell BloFin live order book, 58 min ago	2.98 bp	18.8 bp −$19	33.4 bp −$334	134.6 bp −$13.5K	doesn't fit

Bulk: 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 exchanges

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	−0.0742%	1h	0.5035	−0.297%	$22K	$40K	10x	as long as short
Kraken Futures PF_JTOUSD	−0.0317%	1h	0.5037	−0.253%	$329K	$402K	25x	as long as short
Bybit JTOUSDT	−0.0200%	4h	0.5040	−0.198%	$6.5M	$13.1M	50x	as long as short
Paradex JTO-USD-PERP	−0.0005%	8h	0.5037	−0.267%	$483	$10	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5044	−0.122%	$3K	$5K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+9.693%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−1.525%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5044	−0.127%	$112K	$205K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5048	−0.038%	$6.8M	$2.8M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5043	−0.134%	$116K	$204K	10x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5039	−0.222%	$10.5M	$25.7M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5037	−0.257%	$3.7M	$9.1M	50x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5036	−0.277%	$874K	$852K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5037	−0.257%	$6.0M	$3.0M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5042	−0.158%	$1.4M	$589K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5039	−0.218%	$2.2M	$2.2M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5037	−0.257%	—	$8.3M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5043	−0.129%	$235K	$338K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5043	−0.134%	$218K	$191K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5035	−0.297%	$4K	$798	10x	as long as short
Bulk JTO-USDlong	+0.0100%	1h	0.5050	long leg	$55K	−$0	10x
Extended JTO-USD	+0.0104%	1h	0.5037	−0.252%	$516K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5045	−0.108%	$2K	—	50x	as long as short
Phoenix JTO	+0.0316%	1h	0.5057	+0.139%	$357K	$122K	5x	as long as short
BloFin JTO-USDTshort	+0.0340%	4h	0.5040	−0.198%	$572K	$518K	75x
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5038	−0.238%	$55K	$121K	25x	as long as short