Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h −0.003%

Price spread now: Paradex against dYdX−0.235%61s7-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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.235% cheaper against dYdX than usual: you would sell low and buy high (spread −0.235% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 9.4 days of funding at the current rate (+$3 a day). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JTO-USD	0.5082	0	get 0.0000% / 1h	49m 58s	$4K	$4K	5x
Short	Paradex JTO-USD-PERP	0.5070	0.0083	get 0.0083% / 8h	49m 58s	$486	$10	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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 dYdXbpFee ParadexbpOrdersPrice spread, now −0.235%Rate

Funding earned: $17.52
Price spread: −0.235% → 0.000%: −$23.45
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.94
Costs to cover: 0.140%
Break-even: 15.0 days

Slippage unknown: dYdX: no order-book sample; Paradex: 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 dYdX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

dYdX and Paradex: 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	−0.0144%	1h	0.5077	−0.098%	$13K	$30K	10x	as long as short
Gate JTO_USDT	−0.0082%	8h	0.5076	−0.118%	$882K	$1.0M	75x	as long as short
dYdX JTO-USDlong	0.0000%	1h	0.5082	long leg	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5540	+9.003%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.145%	$31	$43K	5.5x	as long as short
Bybit JTOUSDT	+0.0076%	4h	0.5081	−0.019%	$6.8M	$14.3M	50x	as long as short
Paradex JTO-USD-PERPshort	+0.0083%	8h	0.5070	−0.235%	$486	$10	5x
Lighter JTO	+0.0096%	1h	0.5081	−0.029%	$114K	$243K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5086	+0.075%	$6.9M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5083	+0.021%	$119K	$228K	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	0.5081	−0.021%	$10.8M	$28.7M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5077	−0.098%	$3.7M	$9.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5079	−0.059%	$55K	−$0	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5081	−0.019%	$6.1M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5079	−0.055%	$1.5M	$587K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5082	0.000%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5081	−0.019%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5074	−0.167%	$217K	$235K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5073	−0.177%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5080	−0.043%	$519K	$2.5M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5073	−0.169%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0297%	1h	0.5083	+0.018%	$242K	$326K	10x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5073	−0.177%	$588K	$562K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5090	+0.158%	$57K	$139K	25x	as long as short
Phoenix JTO	+0.0472%	1h	0.5061	−0.413%	$368K	$123K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0847%	1h	0.5081	−0.014%	$322K	$369K	25x	as long as short