Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.078%

Price spread now: Coinbase International against Aster+0.008%7-day average +0.300% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1351.351% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.374%+$37 on $10k

Price spread, last 3 days (all we have)+0.115%+$11 · spread now +0.008%, 7d avg +0.300%

Together, before fees+0.489%+ Points / potential airdropAster: Stage 5 · farm board+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.291% cheaper against Aster than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.300%). If the spread goes back, that is −$29 on $10k: about 4.8 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JTOUSDT	0.5125	0.0100	pay 0.0050% / 4h	1h 25m	$172K	$176K	10x
Short	Coinbase International JTO-PERP-INTX	0.5125	0.0304	get 0.0038% / 1h	25m 34s	$56K	$124K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.008%Rate

Funding earned: $42.84
Price spread: +0.008% → +0.300%: −$29.12
Slippage, 4 orders: −$117.06
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$121.34
Costs to cover: 1.351%
Break-even: 26.8 days

Slippage from Aster: live order book, 56 min ago; Coinbase International: live order book, 57 min ago.

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 Aster live order book, 56 min ago	4.82 bp	63.2 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 57 min ago	16.41 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit

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	−0.0530%	1h	0.5125	+0.008%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0157%	8h	0.5121	−0.070%	$922K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0062%	4h	0.5123	−0.031%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5127	+0.050%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+8.093%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0011%	8h	0.5117	−0.142%	$511	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.958%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5125	+0.001%	$97K	$175K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5133	+0.165%	$7.2M	$3.1M	5x	as long as short
Aster JTOUSDTlong	+0.0100%	4h	0.5125	long leg	$172K	$176K	10x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5122	−0.050%	$11.5M	$28.1M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5128	+0.067%	$7.3M	$13.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5132	+0.145%	$56K	$1K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5118	−0.128%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5127	+0.055%	$1.6M	$644K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5127	+0.047%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5122	−0.050%	—	$63.8M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5126	+0.022%	$225K	$503K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5134	+0.181%	$181K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5123	−0.031%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5118	−0.135%	$518K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5127	+0.052%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTXshort	+0.0304%	1h	0.5125	+0.008%	$56K	$124K	25x
BloFin JTO-USDT	+0.0340%	4h	0.5127	+0.047%	$639K	$572K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5124	−0.011%	$369K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0519%	1h	0.5129	+0.080%	$348K	$313K	25x	as long as short