Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Binance+0.039%7-day average — · you sell dearer than you buy

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

Long on Binance 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 0.039% dearer against Binance than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JTOUSDT	0.5156	0.0100	pay 0.0050% / 4h	14m 29s	$11.3M	$27.5M	75x
Short	dYdX JTO-USD	0.5158	0	get 0.0000% / 1h	14m 29s	$4K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$21
Price spread: +0.039% → 0.000%: $3.88
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$37.12
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 min ago; 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 Binance live order book, 12 min ago	0.97 bp	15.5 bp −$16	34.3 bp −$343	302.9 bp −$30.3K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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 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	−0.0525%	1h	0.5158	+0.039%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0388%	8h	0.5156	0.000%	$895K	$1.0M	75x	as long as short
dYdX JTO-USDshort	0.0000%	1h	0.5158	+0.039%	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.440%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.549%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0079%	8h	0.5153	−0.065%	$514	—	5x	as long as short
OKX JTO-USDT-SWAP	+0.0090%	4h	0.5152	−0.078%	$3.9M	$9.4M	50x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5157	+0.019%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5161	+0.101%	$118K	$226K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5162	+0.111%	$7.0M	$3.0M	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	0.5155	−0.019%	$126K	$217K	10x	as long as short
Binance JTOUSDTlong	+0.0100%	4h	0.5156	long leg	$11.3M	$27.5M	75x
Bybit JTOUSDT	+0.0100%	4h	0.5156	0.000%	$7.2M	$14.0M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5151	−0.097%	$56K	$17K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5153	−0.058%	$6.3M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5156	0.000%	$1.5M	$603K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5160	+0.078%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5155	−0.019%	—	$68.0M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5153	−0.066%	$223K	$266K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5152	−0.085%	$518K	$1.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0200%	1h	0.5165	+0.182%	$269K	$316K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5161	+0.103%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5151	−0.097%	$623K	$507K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0416%	1h	0.5161	+0.097%	$58K	$137K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5159	+0.058%	$381K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0728%	1h	0.5164	+0.146%	$337K	$311K	25x	as long as short