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 —

Price spread now: Reya against Orderly+8.595%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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

The price spread pays, funding is against you. Reya is 8.595% dearer against Orderly than usual: you sell high and buy low (spread +8.595% now, against zero (this spread has no 7-day history yet)): +$860 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_JTO_USDC_mythos	0.5101	0.0094	pay 0.0047% / 4h	2h 38m	$3K	$872	10x
Short	Reya JTORUSDPERP	0.5539	0	get 0.0000% / 1h	38m 39s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +8.595%Rate

Funding earned: −$19.81
Price spread: +8.595% → 0.000%: $859.5
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: $827.7
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Orderly and Reya: 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	−0.0142%	1h	0.5103	+0.039%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0087%	8h	0.5101	0.000%	$901K	$1.1M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5104	+0.059%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPshort	0.0000%	1h	0.5539	+8.595%	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.509%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0057%	4h	0.5096	−0.098%	$3.8M	$9.4M	50x	as long as short
Paradex JTO-USD-PERP	+0.0070%	8h	0.5098	−0.063%	$509	—	5x	as long as short
Orderly PERP_JTO_USDC_mythoslong	+0.0094%	4h	0.5101	long leg	$3K	$872	10x
Lighter JTO	+0.0096%	1h	0.5113	+0.229%	$107K	$200K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5106	+0.091%	$126K	$223K	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	0.5098	−0.053%	$11.2M	$27.8M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5103	+0.039%	$7.5M	$13.6M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5132	+0.609%	$56K	$15K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5099	−0.039%	$6.8M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5103	+0.049%	$1.6M	$577K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5099	−0.039%	$2.4M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5102	+0.020%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5115	+0.282%	$256K	$452K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5103	+0.043%	$222K	$296K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5097	−0.085%	$517K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5104	+0.060%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0264%	1h	0.5100	−0.020%	$59K	$135K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5133	+0.627%	$622K	$568K	75x	as long as short
Phoenix JTO	+0.0466%	1h	0.5097	−0.078%	$376K	$114K	5x	as long as short
Hyperliquid JTO	+0.0474%	1h	0.5112	+0.225%	$7.1M	$3.1M	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0776%	1h	0.5111	+0.191%	$345K	$307K	25x	as long as short