Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.095%

Price spread now: Bybit against Coinbase International−0.406%7-day average −0.351% · you buy dearer than you sell

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

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.554%−$55 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.406%, 7d avg −0.351%

Together, before fees−0.413%−$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.055% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.351%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JTO-PERP-INTX	0.5172	0.0416	pay 0.0052% / 1h	23m 02s	$59K	$137K	25x
Short	Bybit JTOUSDT	0.5151	0.0100	get 0.0050% / 4h	23m 02s	$7.2M	$14.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Coinbase International. 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 Coinbase InternationalbpFee BybitbpOrdersPrice spread, now −0.406%Rate

Funding earned: −$66.36
Price spread: −0.406% → −0.351%: −$5.51
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$92.87
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 35 min ago; Bybit: 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 Coinbase International live order book, 35 min ago	18.64 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.97 bp	30.5 bp −$30	87.5 bp −$875	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	−0.0526%	1h	0.5150	−0.425%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0399%	8h	0.5153	−0.367%	$896K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5159	−0.252%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.105%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.848%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0078%	8h	0.5148	−0.463%	$514	—	5x	as long as short
OKX JTO-USDT-SWAP	+0.0086%	4h	0.5145	−0.522%	$3.9M	$9.4M	50x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5150	−0.425%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5157	−0.298%	$118K	$226K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5158	−0.265%	$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	0.5152	−0.385%	$126K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5151	−0.406%	$11.3M	$27.4M	75x	as long as short
Bybit JTOUSDTshort	+0.0100%	4h	0.5151	−0.406%	$7.2M	$14.0M	50x
Bulk JTO-USD	+0.0100%	1h	0.5151	−0.406%	$56K	$17K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5148	−0.464%	$6.3M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5150	−0.418%	$1.5M	$600K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5147	−0.483%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5150	−0.425%	—	$68.0M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5154	−0.357%	$223K	$267K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5148	−0.467%	$518K	$1.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0134%	1h	0.5159	−0.246%	$268K	$316K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5153	−0.374%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5149	−0.445%	$619K	$506K	75x	as long as short
Coinbase International JTO-PERP-INTXlong	+0.0416%	1h	0.5172	long leg	$59K	$137K	25x
Phoenix JTO	+0.0469%	1h	0.5166	−0.116%	$381K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0729%	1h	0.5159	−0.253%	$337K	$312K	25x	as long as short