Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: KuCoin against Reya−6.894%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 KuCoin

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. KuCoin is 6.894% cheaper against Reya than usual: you would sell low and buy high (spread −6.894% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$689 on $10k: about 8 months of funding at the current rate (+$3 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	46m 03s	—	—	—
Short	KuCoin JTOUSDTM	0.5157	0.0100	get 0.0050% / 4h	3h 46m	$1.6M	$598K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −6.894%Rate

Funding earned: $21
Price spread: −6.894% → 0.000%: −$689.41
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$686.41
Costs to cover: 0.180%
Break-even: 235.8 days

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	15.58 bp	73.9 bp −$74	539.2 bp −$5,392	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	−0.0526%	1h	0.5149	−7.046%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0401%	8h	0.5151	−7.010%	$916K	$1.2M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0054%	4h	0.5152	−6.992%	$3.9M	$9.5M	50x	as long as short
Paradex JTO-USD-PERP	−0.0003%	8h	0.5154	−6.963%	$514	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5166	−6.736%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5539	long leg	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−10.223%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5150	−7.028%	$101K	$187K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5160	−6.840%	$7.1M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5151	−7.017%	$173K	$177K	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	0.5155	−6.937%	$11.3M	$28.0M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5157	−6.901%	$7.5M	$13.6M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5140	−7.214%	$56K	−$0	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5150	−7.028%	$7.0M	$3.6M	50x	as long as short
KuCoin JTOUSDTMshort	+0.0100%	4h	0.5157	−6.894%	$1.6M	$598K	20x
Bitget JTOUSDT	+0.0100%	4h	0.5155	−6.937%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5152	−6.992%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5155	−6.943%	$225K	$304K	—	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	0.5147	−7.084%	$520K	$1.2M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5151	−7.010%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0248%	1h	0.5155	−6.943%	$348K	$312K	25x	as long as short
Phoenix JTO	+0.0312%	1h	0.5151	−7.010%	$370K	$262K	5x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5166	−6.739%	$57K	$113K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5148	−7.064%	$619K	$611K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0606%	1h	0.5157	−6.905%	$223K	$463K	10x	as long as short