Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0304%/8h= −33.3% APRnext payment −$0.38 per $10,000 · paid last 24h —

Price spread now: Reya against Coinbase International+6.467%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 6.467% dearer against Coinbase International than usual: you sell high and buy low (spread +6.467% now, against zero (this spread has no 7-day history yet)): +$647 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JTO-PERP-INTX	0.5203	0.0304	pay 0.0038% / 1h	46m 07s	$57K	$126K	25x
Short	Reya JTORUSDPERP	0.5539	0	get 0.0000% / 1h	46m 07s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpOrdersPrice spread, now +6.467%Rate

Funding earned: −$63.84
Price spread: +6.467% → 0.000%: $646.72
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $566.88
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 37 min ago; Reya: 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, 37 min ago	16.41 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0330%	1h	0.5169	−0.653%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0155%	8h	0.5168	−0.673%	$935K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0127%	4h	0.5165	−0.730%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5166	−0.720%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPshort	0.0000%	1h	0.5539	+6.467%	—	—	—
Paradex JTO-USD-PERP	+0.0007%	8h	0.5164	−0.750%	$515	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−4.421%	$31	$43K	5.5x	as long as short
Bulk JTO-USD	+0.0074%	1h	0.5168	−0.673%	$56K	$1K	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5175	−0.529%	$99K	$174K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5173	−0.578%	$174K	$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	0.5167	−0.685%	$11.6M	$27.9M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5172	−0.596%	$7.4M	$13.8M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5169	−0.653%	$7.2M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5168	−0.671%	$1.6M	$678K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5171	−0.615%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5170	−0.634%	—	$63.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5174	−0.556%	$183K	$258K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5169	−0.653%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5167	−0.689%	$523K	$854K	10x	as long as short
Backpack JTO_USDC_PERP	+0.0116%	1h	0.5175	−0.530%	$227K	$512K	10x	as long as short
Hyperliquid JTO	+0.0127%	1h	0.5179	−0.456%	$7.3M	$3.1M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5169	−0.653%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTXlong	+0.0304%	1h	0.5203	long leg	$57K	$126K	25x
BloFin JTO-USDT	+0.0340%	4h	0.5168	−0.673%	$641K	$576K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5173	−0.577%	$372K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0514%	1h	0.5176	−0.524%	$352K	$313K	25x	as long as short