Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h —
Price spread now: Reya against Hyperliquid+10.822%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories
The price spread pays, funding is against you. Reya is 10.822% dearer against Hyperliquid than usual: you sell high and buy low (spread +10.822% now, against zero (this spread has no 7-day history yet)): +$1,082 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid JTO | 0.4999 | 0.0100 | pay 0.0013% / 1h | 48m 31s | $6.7M | $2.8M | 5x |
| Short | Reya JTORUSDPERP | 0.5539 | 0 | get 0.0000% / 1h | 48m 31s | — | — | — |
Hyperliquid JTO
Reya JTORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +10.822% → 0.000%
- $1,082.25
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $1,046.25
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago | 1.20 bp | 13.5 bp −$13 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_JTOUSD | −0.1192% | 1h | 0.4976 | −0.446% | $312K | $401K | 25x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0353% | 1h | 0.4974 | −0.490% | $22K | $40K | 10x | as long as short |
| Bybit JTOUSDT | −0.0176% | 4h | 0.4990 | −0.170% | $6.3M | $12.9M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0081% | 8h | 0.4997 | −0.039% | $479 | $10 | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.4995 | −0.076% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERPshort | 0.0000% | 1h | 0.5539 | +10.822% | — | — | — | |
| OKX JTO-USDT-SWAP | +0.0001% | 4h | 0.4985 | −0.270% | $3.7M | $9.0M | 50x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −0.510% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5002 | +0.064% | $112K | $206K | 10x | as long as short |
| Hyperliquid JTOlong | +0.0100% | 1h | 0.4999 | long leg | $6.7M | $2.8M | 5x |
Kraken Futures PF_JTOUSD
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
Paradex JTO-USD-PERP
dYdX JTO-USD
OKX JTO-USDT-SWAP
Injective JTO/USDC PERP
Lighter JTOShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.4997 | −0.032% | $115K | $206K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.4994 | −0.094% | $10.3M | $25.4M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5009 | +0.205% | $54K | $1K | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.4991 | −0.150% | $874K | $754K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.4994 | −0.090% | $6.0M | $2.8M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.4991 | −0.150% | $1.3M | $584K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.4993 | −0.110% | $2.2M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.4995 | −0.070% | — | $8.3M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.4984 | −0.298% | $222K | $355K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.4982 | −0.337% | $217K | $190K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.4972 | −0.530% | $4K | $1K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.4994 | −0.084% | $511K | $3.5M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.4980 | −0.370% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0319% | 1h | 0.5008 | +0.190% | $353K | $118K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.4980 | −0.370% | $561K | $511K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0472% | 1h | 0.4997 | −0.030% | $53K | $105K | 25x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bulk JTO-USD
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX