Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0303%/8h= −33.2% APRpaid last 24h −0.061%

Price spread now: Gate against KuCoin−0.051%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$216as in the Price arb table

costs, in and out, $10k−$2152.147% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.051%, 7d avg −0.035%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JTOUSDTM	0.5144	0.0100	pay 0.0050% / 4h	2h 05m	$1.5M	$613K	20x
Short	Gate JTO_USDT	0.5141	−0.0203	pay 0.0203% / 8h	2h 05m	$905K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: −$63.63
Price spread: −0.051% → −0.035%: −$1.6
Slippage, 4 orders: −$187.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$279.91
Costs to cover: 2.147%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 2 min ago.

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 KuCoin live order book, 5 min ago	13.58 bp	70.0 bp −$70	665.0 bp −$6,650	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	7.78 bp	38.8 bp −$39	84.1 bp −$841	doesn't fit	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
Gate JTO_USDTshort	−0.0203%	8h	0.5141	−0.051%	$905K	$1.0M	75x
Deribit JTO_USDC-PERPETUAL	−0.0139%	1h	0.5136	−0.148%	$13K	$30K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5143	−0.012%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.700%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.317%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0063%	4h	0.5135	−0.167%	$3.8M	$9.6M	50x	as long as short
Paradex JTO-USD-PERP	+0.0083%	8h	0.5137	−0.124%	$492	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5145	+0.035%	$116K	$234K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5148	+0.080%	$7.0M	$3.0M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5141	−0.047%	$122K	$220K	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	0.5138	−0.109%	$11.1M	$28.0M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5138	−0.109%	$7.0M	$14.2M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5138	−0.109%	$6.0M	$3.6M	50x	as long as short
KuCoin JTOUSDTMlong	+0.0100%	4h	0.5144	long leg	$1.5M	$613K	20x
Bitget JTOUSDT	+0.0100%	4h	0.5140	−0.070%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5140	−0.070%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5153	+0.175%	$221K	$241K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5137	−0.128%	$4K	$652	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5140	−0.065%	$56K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5137	−0.137%	$518K	$2.2M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5137	−0.127%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0257%	1h	0.5152	+0.167%	$265K	$307K	10x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5149	+0.105%	$603K	$543K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5159	+0.299%	$59K	$133K	25x	as long as short
Phoenix JTO	+0.0464%	1h	0.5148	+0.086%	$380K	$118K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0481%	1h	0.5152	+0.157%	$344K	$347K	25x	as long as short