Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.009%

Price spread now: OKX against Bulk+0.324%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 OKX

What this pair did over the last

the charts below follow

Funding, last 3 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. OKX is 0.324% dearer against Bulk than usual: you sell high and buy low (spread +0.324% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk JTO-USD	0.5109	0.0100	pay 0.0013% / 1h	7m 39s	$55K	$1K	10x
Short	OKX JTO-USDT-SWAP	0.5126	−0.0088	pay 0.0044% / 4h	1h 07m	$3.9M	$9.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.324%Rate

Funding earned: −$39.45
Price spread: +0.324% → 0.000%: $32.4
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.05
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bulk: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.98 bp	14.9 bp −$15	53.2 bp −$532	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	−0.0530%	1h	0.5125	+0.304%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0166%	8h	0.5124	+0.285%	$922K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAPshort	−0.0088%	4h	0.5126	+0.324%	$3.9M	$9.9M	50x
Paradex JTO-USD-PERP	−0.0085%	8h	0.5124	+0.294%	$511	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5127	+0.344%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+8.415%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.670%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5131	+0.432%	$97K	$175K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5134	+0.488%	$7.2M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5128	+0.361%	$172K	$176K	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	0.5127	+0.344%	$11.5M	$28.0M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5131	+0.422%	$7.3M	$13.8M	50x	as long as short
Bulk JTO-USDlong	+0.0100%	1h	0.5109	long leg	$55K	$1K	10x
MEXC JTO_USDT	+0.0100%	4h	0.5124	+0.285%	$7.2M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5130	+0.404%	$1.6M	$642K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5128	+0.363%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5125	+0.304%	—	$66.2M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5131	+0.428%	$225K	$502K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5115	+0.105%	$180K	$258K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5126	+0.324%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5125	+0.304%	$518K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5129	+0.375%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0304%	1h	0.5131	+0.422%	$56K	$124K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5123	+0.265%	$631K	$572K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5126	+0.324%	$369K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0519%	1h	0.5132	+0.441%	$348K	$313K	25x	as long as short