Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0329%/8h= −36.0% APRpaid last 24h −0.109%

Price spread now: Paradex against Coinbase International−0.240%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Paradex is 0.240% cheaper against Coinbase International than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JTO-PERP-INTX	0.5171	0.0320	pay 0.0040% / 1h	51m 06s	$57K	$114K	25x
Short	Paradex JTO-USD-PERP	0.5159	−0.0009	pay 0.0009% / 8h	7h 51m	$515	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.240%Rate

Funding earned: −$69.13
Price spread: −0.240% → 0.000%: −$23.97
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$107.1
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 22 min ago; Paradex: no order-book sample. 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, 22 min ago	19.59 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0526%	1h	0.5150	−0.406%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0091%	8h	0.5148	−0.445%	$916K	$1.2M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0023%	4h	0.5145	−0.503%	$3.9M	$9.5M	50x	as long as short
Paradex JTO-USD-PERPshort	−0.0009%	8h	0.5159	−0.240%	$515	—	5x
dYdX JTO-USD	0.0000%	1h	0.5162	−0.171%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.123%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.829%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5152	−0.365%	$101K	$187K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5152	−0.360%	$7.0M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5153	−0.344%	$173K	$177K	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	0.5145	−0.507%	$11.3M	$28.1M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5149	−0.425%	$7.5M	$13.6M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5150	−0.406%	$7.0M	$3.6M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5159	−0.234%	$1.6M	$598K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5149	−0.425%	$2.5M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5146	−0.483%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5152	−0.364%	$226K	$305K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5148	−0.445%	$4K	$2K	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5128	−0.832%	$56K	−$0	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5149	−0.429%	$526K	$987K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5156	−0.296%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0247%	1h	0.5158	−0.247%	$348K	$313K	25x	as long as short
Phoenix JTO	+0.0312%	1h	0.5138	−0.638%	$369K	$262K	5x	as long as short
Coinbase International JTO-PERP-INTXlong	+0.0320%	1h	0.5171	long leg	$57K	$114K	25x
BloFin JTO-USDT	+0.0340%	4h	0.5149	−0.425%	$615K	$611K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0644%	1h	0.5152	−0.365%	$223K	$463K	10x	as long as short