Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.096%

Price spread now: Bybit against Coinbase International+0.058%7-day average −0.332% · you sell dearer than you buy

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

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.549%−$55 on $10k

Price spread, last 3 days (all we have)−0.180%−$18 · spread now +0.058%, 7d avg −0.332%

Together, before fees−0.729%−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.390% dearer against Coinbase International than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.332%): +$39 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JTO-PERP-INTX	0.5134	0.0264	pay 0.0033% / 1h	44m 15s	$60K	$135K	25x
Short	Bybit JTOUSDT	0.5137	0.0100	get 0.0050% / 4h	2h 44m	$7.5M	$13.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$34.44
Price spread: +0.058% → −0.332%: $39
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$16.44
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 24 min ago; Bybit: live order book, 4 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, 24 min ago	12.61 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.97 bp	27.4 bp −$27	80.9 bp −$809	628.7 bp −$62.9K	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
dYdX JTO-USD	0.0000%	1h	0.5119	−0.292%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.899%	—	—	—	as long as short
Deribit JTO_USDC-PERPETUAL	0.0000%	1h	0.5139	+0.097%	$13K	$10K	10x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.136%	$31	$43K	5.5x	as long as short
Gate JTO_USDT	+0.0046%	8h	0.5131	−0.058%	$906K	$1.1M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0046%	4h	0.5133	−0.019%	$3.9M	$9.4M	50x	as long as short
Paradex JTO-USD-PERP	+0.0066%	8h	0.5114	−0.388%	$510	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5134	0.000%	$4K	$872	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5142	+0.166%	$107K	$200K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5130	−0.088%	$128K	$223K	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	0.5134	−0.009%	$11.3M	$27.7M	75x	as long as short
Bybit JTOUSDTshort	+0.0100%	4h	0.5137	+0.058%	$7.5M	$13.5M	50x
Bulk JTO-USD	+0.0100%	1h	0.5132	−0.038%	$56K	$15K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5133	−0.019%	$6.9M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5135	+0.012%	$1.6M	$579K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5138	+0.078%	$2.4M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5135	+0.019%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5141	+0.127%	$257K	$452K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5131	−0.064%	$223K	$296K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5135	+0.022%	$520K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5136	+0.036%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTXlong	+0.0264%	1h	0.5134	long leg	$60K	$135K	25x
BloFin JTO-USDT	+0.0340%	4h	0.5133	−0.019%	$622K	$568K	75x	as long as short
Phoenix JTO	+0.0466%	1h	0.5137	+0.058%	$379K	$114K	5x	as long as short
Hyperliquid JTO	+0.0525%	1h	0.5144	+0.195%	$7.2M	$3.1M	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0772%	1h	0.5141	+0.131%	$347K	$307K	25x	as long as short