Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.102%

Price spread now: BloFin against dYdX−0.182%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 6 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 0.182% cheaper against dYdX than usual: you would sell low and buy high (spread −0.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 43 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JTO-USD	0.5109	0	get 0.0000% / 1h	18m 55s	$3K	$5K	5x
Short	BloFin JTO-USDT	0.5100	0.0340	get 0.0170% / 4h	3h 18m	$582K	$564K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now −0.182%Rate

Funding earned: $71.4
Price spread: −0.182% → 0.000%: −$18.17
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $31.23
Costs to cover: 0.220%
Break-even: 3.9 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 57 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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 57 min ago	0.98 bp	9.7 bp −$10	23.1 bp −$231	125.6 bp −$12.6K	doesn't fit

dYdX: 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	−0.0338%	1h	0.5101	−0.162%	$13K	$30K	10x	as long as short
dYdX JTO-USDlong	0.0000%	1h	0.5109	long leg	$3K	$5K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5540	+8.422%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0033%	8h	0.5106	−0.068%	$489	$10	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.667%	$31	$43K	5.5x	as long as short
Bybit JTOUSDT	+0.0069%	4h	0.5100	−0.182%	$6.7M	$14.1M	50x	as long as short
Lighter JTO	+0.0096%	1h	0.5106	−0.060%	$114K	$242K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5109	−0.011%	$6.9M	$3.0M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5101	−0.154%	$119K	$233K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5100	−0.182%	$10.7M	$28.1M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5100	−0.182%	$3.8M	$9.8M	50x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5103	−0.123%	$883K	$936K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5100	−0.182%	$6.2M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5103	−0.125%	$1.4M	$638K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5099	−0.201%	$2.3M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5099	−0.201%	—	$8.6M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5107	−0.037%	$241K	$321K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5105	−0.089%	$218K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5101	−0.162%	$4K	$918	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5029	−1.566%	$54K	−$0	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5099	−0.209%	$522K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5104	−0.100%	$2K	—	50x	as long as short
Phoenix JTO	+0.0313%	1h	0.5090	−0.377%	$360K	$128K	5x	as long as short
BloFin JTO-USDTshort	+0.0340%	4h	0.5100	−0.182%	$582K	$564K	75x
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5112	+0.053%	$58K	$135K	25x	as long as short
Kraken Futures PF_JTOUSD	+0.0762%	1h	0.5110	+0.004%	$338K	$383K	25x	as long as short