Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.030%

Price spread now: dYdX against Orderly+0.059%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. dYdX is 0.059% dearer against Orderly than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_JTO_USDC_mythos	0.5146	0.0094	pay 0.0047% / 4h	2h 16m	$4K	$872	10x
Short	dYdX JTO-USD	0.5149	0	get 0.0000% / 1h	16m 33s	$4K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Orderly. 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 OrderlybpFee dYdXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$19.81
Price spread: +0.059% → 0.000%: $5.87
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$29.94
Costs to cover: 0.160%
Break-even: never at this rate

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

Orderly and 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 25 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	−0.0333%	1h	0.5146	0.000%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0150%	8h	0.5148	+0.039%	$908K	$1.1M	75x	as long as short
dYdX JTO-USDshort	0.0000%	1h	0.5149	+0.059%	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.645%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.362%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0053%	4h	0.5151	+0.097%	$3.9M	$9.5M	50x	as long as short
Paradex JTO-USD-PERP	+0.0079%	8h	0.5144	−0.045%	$513	—	5x	as long as short
Orderly PERP_JTO_USDC_mythoslong	+0.0094%	4h	0.5146	long leg	$4K	$872	10x
Lighter JTO	+0.0096%	1h	0.5154	+0.148%	$121K	$232K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5154	+0.155%	$126K	$222K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5153	+0.134%	$11.3M	$27.6M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5155	+0.175%	$7.5M	$13.5M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5145	−0.019%	$6.6M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5153	+0.140%	$1.6M	$578K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5148	+0.039%	$2.4M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5145	−0.019%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5153	+0.128%	$267K	$428K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5160	+0.263%	$224K	$294K	—	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5141	−0.101%	$56K	$15K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5143	−0.049%	$523K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5148	+0.032%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0264%	1h	0.5175	+0.564%	$60K	$138K	25x	as long as short
Hyperliquid JTO	+0.0421%	1h	0.5160	+0.272%	$7.1M	$3.2M	5x	as long as short
Phoenix JTO	+0.0466%	1h	0.5175	+0.564%	$382K	$114K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0770%	1h	0.5151	+0.106%	$346K	$308K	25x	as long as short