Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0226%/8h= −24.7% APRpaid last 24h −0.076%

Price spread now: Orderly against Coinbase International+0.175%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Orderly is 0.175% dearer against Coinbase International than usual: you sell high and buy low (spread +0.175% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JTO-PERP-INTX	0.5152	0.0320	pay 0.0040% / 1h	3m 07s	$63K	$129K	25x
Short	Orderly PERP_JTO_USDC_mythos	0.5161	0.0094	get 0.0047% / 4h	3h 03m	$4K	$872	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.175%Rate

Funding earned: −$47.39
Price spread: +0.175% → 0.000%: $17.47
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$45.92
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 5 min ago; Orderly: 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 Coinbase International live order book, 5 min ago	12.61 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0331%	1h	0.5161	+0.175%	$13K	$10K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5157	+0.098%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.517%	—	—	—	as long as short
OKX JTO-USDT-SWAP	+0.0002%	4h	0.5163	+0.214%	$3.9M	$9.3M	50x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.474%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0049%	8h	0.5155	+0.053%	$514	—	5x	as long as short
Orderly PERP_JTO_USDC_mythosshort	+0.0094%	4h	0.5161	+0.175%	$4K	$872	10x
Lighter JTO	+0.0096%	1h	0.5163	+0.223%	$108K	$202K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5169	+0.326%	$7.1M	$2.8M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5161	+0.176%	$173K	$157K	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	0.5162	+0.194%	$11.4M	$27.5M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5166	+0.272%	$7.6M	$13.3M	50x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5156	+0.078%	$913K	$1.2M	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5159	+0.136%	$6.9M	$3.6M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5167	+0.285%	$1.6M	$575K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5167	+0.291%	$2.5M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5160	+0.155%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5145	−0.145%	$225K	$294K	—	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5143	−0.175%	$63K	$8K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5161	+0.171%	$519K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5163	+0.211%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0247%	1h	0.5163	+0.218%	$349K	$308K	25x	as long as short
Backpack JTO_USDC_PERP	+0.0301%	1h	0.5167	+0.281%	$223K	$436K	10x	as long as short
Phoenix JTO	+0.0312%	1h	0.5164	+0.233%	$381K	$262K	5x	as long as short
Coinbase International JTO-PERP-INTXlong	+0.0320%	1h	0.5152	long leg	$63K	$129K	25x
BloFin JTO-USDT	+0.0340%	4h	0.5157	+0.097%	$625K	$579K	75x	as long as short