Settings8H · net · $10k
Funding arb · Price arb /

JTO

all JTO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.022%
Price spread now: Hyperliquid against Lighter+0.074%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$660.656% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.099%+$10 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.074%, 7d avg +0.079%
Together, before fees+0.075%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter JTO0.51080.0096pay 0.0012% / 1h34m 46s$114K$229K10x
ShortHyperliquid JTO0.51110.0100get 0.0013% / 1h34m 46s$7.0M$3.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Lighter. 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

Funding earned
$0.84
Price spread: +0.074% → +0.079%
−$0.46
Slippage, 4 orders
−$56.61
Fee Lighter: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$65.23
Costs to cover
0.656%
Break-even
550.6 days
Slippage from Lighter: live order book, 60 min ago; Hyperliquid: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 60 min ago6.89 bp19.7 bp −$2055.4 bp −$554doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago1.66 bp16.3 bp −$16doesn't fitdoesn't fitdoesn't fit

JTO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit JTO_USDC-PERPETUAL−0.0530%1h0.5122+0.280%$3K$20K10xas long as short
Gate JTO_USDT−0.0290%8h0.5111+0.065%$903K$1.0M75xas long as short
OKX JTO-USDT-SWAP−0.0021%4h0.5096−0.229%$3.8M$9.4M50xas long as short
dYdX JTO-USD0.0000%1h0.5102−0.108%$4K$4K5xas long as short
Reya JTORUSDPERP0.0000%1h0.5540+8.456%as long as short
Injective JTO/USDC PERP+0.0033%1h0.4973−2.637%$31$43K5.5xas long as short
Bybit JTOUSDT+0.0035%4h0.5099−0.170%$6.9M$14.1M50xas long as short
Paradex JTO-USD-PERP+0.0090%8h0.5101−0.134%$489$105xas long as short
Lighter JTOlong+0.0096%1h0.5108long leg$114K$229K10x
Hyperliquid JTOshort+0.0100%1h0.5111+0.074%$7.0M$3.0M5x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster JTOUSDT+0.0100%4h0.5103−0.085%$122K$219K10xas long as short
Binance JTOUSDT+0.0100%4h0.5096−0.225%$11.1M$27.9M75xas long as short
Bulk JTO-USD+0.0100%1h0.5125+0.339%$56K$2K10xas long as short
MEXC JTO_USDT+0.0100%4h0.5099−0.170%$6.0M$3.5M50xas long as short
KuCoin JTOUSDTM+0.0100%4h0.5106−0.025%$1.5M$609K20xas long as short
Bitget JTOUSDT+0.0100%4h0.5106−0.033%$2.4M$2.3M50xas long as short
BingX JTO-USDT+0.0100%4h0.5109+0.025%$8.8Mas long as short
Variational Omni JTO+0.0100%4h0.5121+0.255%$219K$242Kas long as short
Orderly PERP_JTO_USDC_mythos+0.0100%4h0.5122+0.280%$3K$65210xas long as short
Extended JTO-USD+0.0104%1h0.5105−0.045%$515K$2.2M10xas long as short
GMX JTO/USD [WBTC.b-USDC]L +0.0224% / S −0.2181%1h0.5124+0.321%$2K50xas long as short
Backpack JTO_USDC_PERP+0.0284%1h0.5124+0.325%$267K$310K10xas long as short
BloFin JTO-USDT+0.0340%4h0.5124+0.319%$614K$532K75xas long as short
Coinbase International JTO-PERP-INTX+0.0440%1h0.5209+1.983%$59K$136K25xas long as short
Phoenix JTO+0.0464%1h0.5134+0.515%$379K$118K5xas long as short
Kraken Futures PF_JTOUSD+0.0483%1h0.5129+0.426%$331K$313K25xas long as short