Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.003%

Price spread now: Coinbase International against BloFin+0.193%7-day average +0.438% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$880.880% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now +0.193%, 7d avg +0.438%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.245% cheaper against BloFin than usual: you would sell low and buy high (spread +0.193% now, against its 7-day average of +0.438%). If the spread goes back, that is −$24 on $10k: about 8.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JTO-USDT	0.5187	0.0340	pay 0.0170% / 4h	2h 48m	$614K	$539K	75x
Short	Coinbase International JTO-PERP-INTX	0.5197	0.0440	get 0.0055% / 1h	48m 29s	$59K	$138K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.193%Rate

Funding earned: $21
Price spread: +0.193% → +0.438%: −$24.49
Slippage, 4 orders: −$66.02
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$91.51
Costs to cover: 0.880%
Break-even: 37.5 days

Slippage from BloFin: live order book, 43 min ago; Coinbase International: live order book, 64 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 BloFin live order book, 43 min ago	1.93 bp	16.7 bp −$17	25.8 bp −$258	doesn't fit	doesn't fit
Sell Coinbase International live order book, 64 min ago	18.38 bp	23.4 bp −$23	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
Gate JTO_USDT	−0.0329%	8h	0.5199	+0.231%	$899K	$988K	75x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0328%	1h	0.5191	+0.077%	$13K	$10K	10x	as long as short
Bybit JTOUSDT	−0.0084%	4h	0.5204	+0.328%	$7.2M	$14.0M	50x	as long as short
OKX JTO-USDT-SWAP	−0.0069%	4h	0.5198	+0.212%	$3.9M	$9.5M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5196	+0.175%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+6.797%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−4.126%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0096%	8h	0.5196	+0.181%	$519	—	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5205	+0.339%	$116K	$228K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5206	+0.369%	$124K	$219K	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	0.5207	+0.383%	$11.4M	$27.6M	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5206	+0.366%	$6.1M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5203	+0.303%	$1.6M	$607K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5204	+0.328%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5207	+0.386%	—	$8.8M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5180	−0.143%	$222K	$242K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5190	+0.058%	$4K	$652	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5173	−0.270%	$56K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5199	+0.233%	$521K	$2.2M	10x	as long as short
Hyperliquid JTO	+0.0145%	1h	0.5211	+0.455%	$7.1M	$3.0M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5207	+0.394%	$2K	—	50x	as long as short
BloFin JTO-USDTlong	+0.0340%	4h	0.5187	long leg	$614K	$539K	75x
Coinbase International JTO-PERP-INTXshort	+0.0440%	1h	0.5197	+0.193%	$59K	$138K	25x
Phoenix JTO	+0.0464%	1h	0.5195	+0.154%	$384K	$118K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0477%	1h	0.5192	+0.104%	$335K	$313K	25x	as long as short
Backpack JTO_USDC_PERP	+0.1074%	1h	0.5198	+0.210%	$268K	$310K	10x	as long as short