Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Binance+7.170%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 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 7.170% dearer against Binance than usual: you sell high and buy low (spread +7.170% now, against zero (this spread has no 7-day history yet)): +$717 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JTOUSDT	0.5169	0.0100	pay 0.0050% / 4h	3h 48m	$11.3M	$27.5M	75x
Short	Reya JTORUSDPERP	0.5540	0	get 0.0000% / 1h	48m 05s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +7.170%Rate

Funding earned: −$21
Price spread: +7.170% → 0.000%: $716.99
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $679.99
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Binance: live order book, 8 min ago; 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 Binance live order book, 8 min ago	0.97 bp	14.7 bp −$15	34.4 bp −$344	315.4 bp −$31.5K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
Bybit JTOUSDT	−0.0668%	4h	0.5170	+0.019%	$7.1M	$14.0M	50x	as long as short
Gate JTO_USDT	−0.0378%	8h	0.5166	−0.058%	$899K	$998K	75x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0331%	1h	0.5165	−0.077%	$13K	$10K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5161	−0.155%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPshort	0.0000%	1h	0.5540	+7.170%	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.792%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0070%	4h	0.5166	−0.058%	$3.9M	$9.4M	50x	as long as short
Paradex JTO-USD-PERP	+0.0084%	8h	0.5166	−0.065%	$516	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5164	−0.097%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5173	+0.072%	$118K	$226K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JTO	+0.0100%	1h	0.5176	+0.139%	$7.0M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5167	−0.032%	$125K	$218K	10x	as long as short
Binance JTOUSDTlong	+0.0100%	4h	0.5169	long leg	$11.3M	$27.5M	75x
Bulk JTO-USD	+0.0100%	1h	0.5172	+0.052%	$56K	$17K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5167	−0.039%	$6.2M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5166	−0.066%	$1.5M	$602K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5168	−0.019%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5166	−0.058%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5174	+0.089%	$224K	$246K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5167	−0.048%	$521K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5167	−0.047%	$2K	—	50x	as long as short
Phoenix JTO	+0.0310%	1h	0.5179	+0.193%	$382K	$114K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5163	−0.116%	$617K	$537K	75x	as long as short
Kraken Futures PF_JTOUSD	+0.0378%	1h	0.5172	+0.057%	$337K	$312K	25x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5182	+0.251%	$59K	$138K	25x	as long as short
Backpack JTO_USDC_PERP	+0.0660%	1h	0.5174	+0.104%	$267K	$314K	10x	as long as short