Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Binance against dYdX−0.155%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.155% cheaper against dYdX than usual: you would sell low and buy high (spread −0.155% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 5.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JTO-USD	0.5147	0	get 0.0000% / 1h	18m 30s	$4K	$4K	5x
Short	Binance JTOUSDT	0.5139	0.0100	get 0.0050% / 4h	18m 30s	$11.3M	$27.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.155%Rate

Funding earned: $21
Price spread: −0.155% → 0.000%: −$15.49
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.49
Costs to cover: 0.200%
Break-even: 11.8 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 8 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	0.97 bp	14.2 bp −$14	31.4 bp −$314	249.4 bp −$24.9K	doesn't fit

dYdX: 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
Gate JTO_USDT	−0.0394%	8h	0.5146	−0.019%	$895K	$1.0M	75x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0332%	1h	0.5149	+0.039%	$13K	$10K	10x	as long as short
dYdX JTO-USDlong	0.0000%	1h	0.5147	long leg	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.626%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.380%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0080%	8h	0.5143	−0.076%	$513	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5138	−0.174%	$4K	$652	10x	as long as short
OKX JTO-USDT-SWAP	+0.0095%	4h	0.5137	−0.194%	$3.9M	$9.4M	50x	as long as short
Lighter JTO	+0.0096%	1h	0.5150	+0.049%	$118K	$226K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5153	+0.111%	$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	0.5148	+0.018%	$126K	$219K	10x	as long as short
Binance JTOUSDTshort	+0.0100%	4h	0.5139	−0.155%	$11.3M	$27.4M	75x
Bybit JTOUSDT	+0.0100%	4h	0.5139	−0.155%	$7.1M	$14.0M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5151	+0.078%	$56K	$17K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5143	−0.077%	$6.3M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5150	+0.063%	$1.5M	$602K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5144	−0.058%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5138	−0.174%	—	$68.0M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5140	−0.134%	$223K	$266K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5142	−0.105%	$518K	$1.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0146%	1h	0.5155	+0.158%	$268K	$315K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5142	−0.103%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5150	+0.059%	$621K	$506K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0416%	1h	0.5172	+0.486%	$59K	$137K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5155	+0.156%	$381K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0729%	1h	0.5155	+0.164%	$336K	$311K	25x	as long as short