Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0541%/8h= −59.2% APRpaid last 24h −0.057%

Price spread now: Gate against Bulk+0.314%7-day average — · you sell dearer than you buy

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

Long on Bulk Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 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. Gate is 0.314% dearer against Bulk than usual: you sell high and buy low (spread +0.314% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk JTO-USD	0.5096	0.0100	pay 0.0013% / 1h	43m 09s	$55K	$17K	10x
Short	Gate JTO_USDT	0.5112	−0.0441	pay 0.0441% / 8h	4h 43m	$888K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bulk. 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 BulkbpFee GatebpOrdersPrice spread, now +0.314%Rate

Funding earned: −$113.61
Price spread: +0.314% → 0.000%: $31.4
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$104.21
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Bulk: no order-book sample; Gate: live order book, 9 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 Bulk no order-book sample	—	—	—	—	—
Sell Gate live order book, 9 min ago	7.84 bp	38.3 bp −$38	154.5 bp −$1,545	doesn't fit	doesn't fit

Bulk: 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	−0.0728%	1h	0.5108	+0.235%	$13K	$10K	10x	as long as short
Gate JTO_USDTshort	−0.0441%	8h	0.5112	+0.314%	$888K	$1.0M	75x
dYdX JTO-USD	0.0000%	1h	0.5118	+0.432%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+8.702%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.414%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0077%	8h	0.5114	+0.355%	$510	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5112	+0.314%	$3K	$652	10x	as long as short
OKX JTO-USDT-SWAP	+0.0095%	4h	0.5108	+0.235%	$3.8M	$9.3M	50x	as long as short
Lighter JTO	+0.0096%	1h	0.5115	+0.377%	$117K	$226K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5117	+0.419%	$7.0M	$3.2M	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	0.5116	+0.402%	$125K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5108	+0.235%	$11.2M	$27.3M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5111	+0.294%	$7.1M	$13.9M	50x	as long as short
Bulk JTO-USDlong	+0.0100%	1h	0.5096	long leg	$55K	$17K	10x
MEXC JTO_USDT	+0.0100%	4h	0.5108	+0.235%	$6.5M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5112	+0.320%	$1.5M	$596K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5111	+0.294%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5111	+0.294%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5117	+0.410%	$267K	$314K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5092	−0.077%	$221K	$288K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5108	+0.239%	$515K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5114	+0.349%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5104	+0.157%	$475K	$501K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0416%	1h	0.5127	+0.608%	$58K	$136K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5103	+0.137%	$377K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0735%	1h	0.5118	+0.433%	$335K	$311K	25x	as long as short