Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: BingX against Bybit−0.077%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.077%, 7d avg −0.040%

Together, before fees+0.190%+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.037% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JTOUSDT	0.5164	0.0100	pay 0.0050% / 4h	2h 05m	$7.6M	$13.6M	50x
Short	BingX JTO-USDT	0.5160	0.0100	get 0.0050% / 4h	2h 05m	—	$63.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.040%: −$3.73
Slippage, 4 orders: −$39.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$64.56
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 4 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 Bybit live order book, 3 min ago	0.97 bp	20.0 bp −$20	36.5 bp −$365	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	1.93 bp	13.4 bp −$13	23.4 bp −$234	161.1 bp −$16.1K	547.1 bp −$273.5K

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	0.5160	−0.077%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0164%	8h	0.5162	−0.039%	$934K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0099%	4h	0.5159	−0.097%	$3.9M	$9.9M	50x	as long as short
Paradex JTO-USD-PERP	−0.0013%	8h	0.5157	−0.134%	$515	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5167	+0.068%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.270%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.699%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5166	+0.041%	$100K	$184K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5163	−0.011%	$173K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5160	−0.080%	$11.6M	$27.9M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JTOUSDTlong	+0.0100%	4h	0.5164	long leg	$7.6M	$13.6M	50x
Bulk JTO-USD	+0.0100%	1h	0.5165	+0.019%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5160	−0.077%	$7.1M	$3.8M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5166	+0.046%	$1.5M	$609K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5162	−0.039%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDTshort	+0.0100%	4h	0.5160	−0.077%	—	$63.5M	—
Variational Omni JTO	+0.0100%	4h	0.5162	−0.034%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5159	−0.097%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5158	−0.112%	$523K	$854K	10x	as long as short
Hyperliquid JTO	+0.0132%	1h	0.5170	+0.112%	$7.3M	$3.1M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5164	−0.005%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5193	+0.562%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5162	−0.039%	$640K	$575K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0344%	1h	0.5171	+0.132%	$263K	$498K	10x	as long as short
Phoenix JTO	+0.0463%	1h	0.5189	+0.484%	$373K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0608%	1h	0.5169	+0.104%	$352K	$312K	25x	as long as short