Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.077%

Price spread now: Bitget against Coinbase International−0.257%7-day average −0.336% · you buy dearer than you sell

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

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.430%−$43 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.257%, 7d avg −0.336%

Together, before fees−0.247%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.079% dearer against Coinbase International than usual: you sell high and buy low (spread −0.257% now, against its 7-day average of −0.336%): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JTO-PERP-INTX	0.5065	0.0464	pay 0.0058% / 1h	22m 12s	$57K	$131K	25x
Short	Bitget JTOUSDT	0.5052	0.0100	get 0.0050% / 4h	22m 12s	$2.3M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now −0.257%Rate

Funding earned: −$76.44
Price spread: −0.257% → −0.336%: $7.9
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$90.54
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 16 min ago; Bitget: live order book, 5 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 Coinbase International live order book, 16 min ago	16.75 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.95 bp	21.3 bp −$21	62.8 bp −$628	doesn't fit	doesn't fit

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	−0.0343%	1h	0.5053	−0.237%	$12K	$30K	10x	as long as short
Gate JTO_USDT	−0.0048%	8h	0.5059	−0.118%	$877K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5067	+0.039%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+9.369%	—	—	—	as long as short
Bybit JTOUSDT	+0.0027%	4h	0.5052	−0.257%	$6.7M	$14.3M	50x	as long as short
Paradex JTO-USD-PERP	+0.0033%	8h	0.5060	−0.093%	$485	$10	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−1.816%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5058	−0.140%	$113K	$243K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5059	−0.109%	$6.9M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5057	−0.151%	$118K	$230K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5053	−0.237%	$10.7M	$28.6M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5052	−0.257%	$3.7M	$9.7M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5077	+0.237%	$55K	−$0	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5052	−0.257%	$6.0M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5058	−0.132%	$1.5M	$588K	20x	as long as short
Bitget JTOUSDTshort	+0.0100%	4h	0.5052	−0.257%	$2.3M	$2.4M	50x
BingX JTO-USDT	+0.0100%	4h	0.5052	−0.257%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5065	+0.001%	$217K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5054	−0.217%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5051	−0.283%	$519K	$2.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0127%	1h	0.5060	−0.107%	$244K	$324K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5056	−0.180%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5051	−0.276%	$583K	$559K	75x	as long as short
Coinbase International JTO-PERP-INTXlong	+0.0464%	1h	0.5065	long leg	$57K	$131K	25x
Phoenix JTO	+0.0472%	1h	0.5064	−0.020%	$369K	$123K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0850%	1h	0.5061	−0.075%	$321K	$371K	25x	as long as short