Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against dYdX−0.060%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 6 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. Bitget is 0.060% cheaper against dYdX than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 48 hours 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	0.5095	0	get 0.0000% / 1h	6m 09s	$4K	$4K	5x
Short	Bitget JTOUSDT	0.5092	0.0100	get 0.0050% / 4h	1h 06m	$2.4M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.060%Rate

Funding earned: $21
Price spread: −0.060% → 0.000%: −$5.95
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$6.95
Costs to cover: 0.220%
Break-even: 9.3 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.98 bp	19.0 bp −$19	61.4 bp −$614	doesn't fit	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
Deribit JTO_USDC-PERPETUAL	−0.0143%	1h	0.5087	−0.158%	$13K	$30K	10x	as long as short
Gate JTO_USDT	−0.0114%	8h	0.5091	−0.079%	$884K	$1.0M	75x	as long as short
dYdX JTO-USDlong	0.0000%	1h	0.5095	long leg	$4K	$4K	5x
Reya JTORUSDPERP	0.0000%	1h	0.5540	+8.726%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.395%	$31	$43K	5.5x	as long as short
Bybit JTOUSDT	+0.0067%	4h	0.5088	−0.138%	$6.8M	$14.2M	50x	as long as short
Paradex JTO-USD-PERP	+0.0083%	8h	0.5091	−0.078%	$488	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5095	+0.009%	$114K	$243K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5096	+0.011%	$6.9M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5092	−0.065%	$119K	$228K	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	0.5087	−0.158%	$10.8M	$28.7M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5086	−0.177%	$3.8M	$9.7M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5092	−0.050%	$55K	−$0	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5087	−0.158%	$6.1M	$3.6M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5093	−0.048%	$1.5M	$595K	20x	as long as short
Bitget JTOUSDTshort	+0.0100%	4h	0.5092	−0.060%	$2.4M	$2.3M	50x
BingX JTO-USDT	+0.0100%	4h	0.5087	−0.158%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5093	−0.049%	$218K	$235K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5089	−0.118%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5088	−0.145%	$521K	$2.2M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0204%	1h	0.5096	+0.025%	$236K	$319K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5094	−0.027%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5093	−0.040%	$585K	$550K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0456%	1h	0.5108	+0.255%	$58K	$139K	25x	as long as short
Phoenix JTO	+0.0467%	1h	0.5103	+0.156%	$377K	$118K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0846%	1h	0.5099	+0.070%	$323K	$374K	25x	as long as short