Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0364%/8h= +39.9% APRpaid last 24h +0.101%

Price spread now: Gate against Deribit−0.039%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 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. Gate is 0.039% cheaper against Deribit than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JTO_USDC-PERPETUAL	0.5168	−0.0523	get 0.0065% / 1h	2m 58s	$13K	$11K	10x
Short	Gate JTO_USDT	0.5166	−0.0159	pay 0.0159% / 8h	2h 02m	$935K	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now −0.039%Rate

Funding earned: $76.52
Price spread: −0.039% → 0.000%: −$3.87
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $50.65
Costs to cover: 0.220%
Break-even: 2.4 days

Slippage unknown: Deribit: no order-book sample; Gate: 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 Deribit no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	3.88 bp	47.2 bp −$47	76.6 bp −$766	doesn't fit	doesn't fit

Deribit: 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-PERPETUALlong	−0.0523%	1h	0.5168	long leg	$13K	$11K	10x
Gate JTO_USDTshort	−0.0159%	8h	0.5166	−0.039%	$935K	$1.5M	75x
OKX JTO-USDT-SWAP	−0.0109%	4h	0.5165	−0.058%	$3.9M	$9.9M	50x	as long as short
Paradex JTO-USD-PERP	−0.0008%	8h	0.5166	−0.046%	$516	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5173	+0.097%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.186%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.773%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5172	+0.081%	$100K	$184K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5171	+0.052%	$174K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5166	−0.039%	$11.6M	$27.9M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JTOUSDT	+0.0100%	4h	0.5170	+0.039%	$7.6M	$13.6M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5165	−0.058%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5166	−0.039%	$7.1M	$3.8M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5172	+0.077%	$1.6M	$643K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5170	+0.039%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5166	−0.039%	—	$63.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5162	−0.111%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5167	−0.019%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5165	−0.052%	$523K	$854K	10x	as long as short
Hyperliquid JTO	+0.0157%	1h	0.5178	+0.186%	$7.3M	$3.1M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5170	+0.039%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5193	+0.484%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5160	−0.155%	$641K	$575K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0349%	1h	0.5173	+0.106%	$263K	$499K	10x	as long as short
Phoenix JTO	+0.0463%	1h	0.5170	+0.039%	$372K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0608%	1h	0.5172	+0.070%	$352K	$312K	25x	as long as short