Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0493%/8h= +54.0% APRpaid last 24h +0.062%

Price spread now: Orderly against Gate−0.039%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Orderly

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. Orderly is 0.039% cheaper against Gate than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JTO_USDT	0.5155	−0.0399	get 0.0399% / 8h	4h 23m	$896K	$1.0M	75x
Short	Orderly PERP_JTO_USDC_mythos	0.5153	0.0094	get 0.0047% / 4h	23m 28s	$4K	$652	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now −0.039%Rate

Funding earned: $103.61
Price spread: −0.039% → 0.000%: −$3.88
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: $78.73
Costs to cover: 0.210%
Break-even: 1.7 days

Slippage unknown: Gate: live order book, 3 min ago; Orderly: 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 Gate live order book, 3 min ago	7.76 bp	47.6 bp −$48	98.0 bp −$980	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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_USDTlong	−0.0399%	8h	0.5155	long leg	$896K	$1.0M	75x
Deribit JTO_USDC-PERPETUAL	−0.0332%	1h	0.5154	−0.019%	$13K	$10K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5159	+0.077%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.458%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.531%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0078%	8h	0.5148	−0.135%	$514	—	5x	as long as short
OKX JTO-USDT-SWAP	+0.0086%	4h	0.5147	−0.155%	$3.9M	$9.4M	50x	as long as short
Orderly PERP_JTO_USDC_mythosshort	+0.0094%	4h	0.5153	−0.039%	$4K	$652	10x
Lighter JTO	+0.0096%	1h	0.5155	−0.004%	$118K	$226K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5158	+0.053%	$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	0.5156	+0.022%	$126K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5150	−0.097%	$11.3M	$27.4M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5149	−0.116%	$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	0.5151	−0.078%	$6.3M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5157	+0.031%	$1.5M	$600K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5154	−0.019%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5150	−0.097%	—	$68.0M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5154	−0.028%	$223K	$267K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5150	−0.098%	$518K	$1.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0129%	1h	0.5163	+0.159%	$269K	$316K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5155	+0.009%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5150	−0.097%	$619K	$506K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0416%	1h	0.5172	+0.330%	$59K	$137K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5166	+0.213%	$381K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0729%	1h	0.5160	+0.102%	$337K	$313K	25x	as long as short