Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h —

Price spread now: Coinbase International against Reya−6.631%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Coinbase International

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

Funding pays, the price is against you. Coinbase International is 6.631% cheaper against Reya than usual: you would sell low and buy high (spread −6.631% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$663 on $10k: about 2 months of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JTORUSDPERP	0.5539	0	get 0.0000% / 1h	39m 06s	—	—	—
Short	Coinbase International JTO-PERP-INTX	0.5172	0.0296	get 0.0037% / 1h	39m 06s	$57K	$116K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpFee Coinbase InternationalbpOrdersPrice spread, now −6.631%Rate

Funding earned: $62.16
Price spread: −6.631% → 0.000%: −$663.07
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$616.91
Costs to cover: 0.160%
Break-even: 76.5 days

Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 39 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 39 min ago	17.59 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−0.0527%	1h	0.5146	−7.100%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0161%	8h	0.5143	−7.154%	$926K	$1.4M	75x	as long as short
Paradex JTO-USD-PERP	−0.0009%	8h	0.5146	−7.108%	$514	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5150	−7.028%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5539	long leg	—	—	—
OKX JTO-USDT-SWAP	+0.0001%	4h	0.5141	−7.190%	$3.9M	$9.5M	50x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−10.223%	$31	$43K	5.5x	as long as short
Bulk JTO-USD	+0.0068%	1h	0.5153	−6.974%	$56K	$1K	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5153	−6.972%	$107K	$182K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5153	−6.978%	$7.2M	$3.1M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5149	−7.045%	$173K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5144	−7.136%	$11.4M	$28.0M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5146	−7.100%	$7.4M	$13.8M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5143	−7.154%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5151	−7.004%	$1.6M	$631K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5148	−7.064%	$2.5M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5144	−7.136%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5164	−6.778%	$227K	$303K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5148	−7.064%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5144	−7.137%	$524K	$854K	10x	as long as short
Backpack JTO_USDC_PERP	+0.0168%	1h	0.5151	−7.001%	$226K	$473K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5149	−7.043%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0224%	1h	0.5154	−6.960%	$348K	$312K	25x	as long as short
Coinbase International JTO-PERP-INTXshort	+0.0296%	1h	0.5172	−6.631%	$57K	$116K	25x
BloFin JTO-USDT	+0.0340%	4h	0.5144	−7.136%	$632K	$615K	75x	as long as short
Phoenix JTO	+0.0465%	1h	0.5162	−6.811%	$371K	$266K	5x	as long as short