Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0423%/8h= +46.4% APRpaid last 24h +0.094%

Price spread now: Coinbase International against Bybit+0.255%7-day average +0.346% · you sell dearer than you buy

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

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.560%+$56 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.255%, 7d avg +0.346%

Together, before fees+0.471%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.091% cheaper against Bybit than usual: you would sell low and buy high (spread +0.255% now, against its 7-day average of +0.346%). If the spread goes back, that is −$9 on $10k: about 17 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JTOUSDT	0.5098	0.0017	pay 0.0008% / 4h	2h 28m	$6.9M	$14.1M	50x
Short	Coinbase International JTO-PERP-INTX	0.5111	0.0440	get 0.0055% / 1h	28m 49s	$57K	$134K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.255%Rate

Funding earned: $88.91
Price spread: +0.255% → +0.346%: −$9.09
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $58.83
Costs to cover: 0.210%
Break-even: 2.4 days

Slippage unknown: Bybit: live order book, 5 min ago; Coinbase International: live order book, 19 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 Bybit live order book, 5 min ago	3.93 bp	24.7 bp −$25	96.7 bp −$967	doesn't fit	doesn't fit
Sell Coinbase International live order book, 19 min ago	18.39 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
Deribit JTO_USDC-PERPETUAL	−0.0337%	1h	0.5106	+0.157%	$3K	$20K	10x	as long as short
Gate JTO_USDT	−0.0286%	8h	0.5098	0.000%	$898K	$1.0M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0002%	4h	0.5098	0.000%	$3.8M	$9.5M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5099	+0.019%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+8.663%	—	—	—	as long as short
Bybit JTOUSDTlong	+0.0017%	4h	0.5098	long leg	$6.9M	$14.1M	50x
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.452%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0082%	8h	0.5098	+0.005%	$488	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5107	+0.182%	$114K	$229K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5109	+0.214%	$7.0M	$3.0M	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	0.5098	−0.004%	$121K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5097	−0.020%	$11.1M	$28.0M	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5095	−0.059%	$6.0M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5100	+0.031%	$1.5M	$610K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5101	+0.059%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5095	−0.059%	—	$8.8M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5079	−0.369%	$218K	$242K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5105	+0.137%	$3K	$652	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5084	−0.275%	$55K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5092	−0.122%	$512K	$2.2M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0119%	1h	0.5108	+0.196%	$265K	$309K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5111	+0.256%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5097	−0.020%	$606K	$529K	75x	as long as short
Coinbase International JTO-PERP-INTXshort	+0.0440%	1h	0.5111	+0.255%	$57K	$134K	25x
Phoenix JTO	+0.0464%	1h	0.5108	+0.196%	$377K	$118K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0484%	1h	0.5113	+0.289%	$328K	$329K	25x	as long as short