Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aster against Lighter−0.021%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1381.383% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.021%, 7d avg −0.043%

Together, before fees−0.055%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.021% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JTO	0.5178	0.0096	pay 0.0012% / 1h	8m 29s	$100K	$184K	10x
Short	Aster JTOUSDT	0.5177	0.0100	get 0.0050% / 4h	2h 08m	$174K	$176K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0.84
Price spread: −0.021% → −0.043%: $2.14
Slippage, 4 orders: −$130.32
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$135.34
Costs to cover: 1.383%
Break-even: 1134.9 days

Slippage from Lighter: live order book, 5 min ago; Aster: live order book, 13 min ago.

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 Lighter live order book, 5 min ago	12.97 bp	32.1 bp −$32	53.6 bp −$536	doesn't fit	doesn't fit
Sell Aster live order book, 13 min ago	4.82 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit

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	−0.1100%	1h	0.5180	+0.037%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0168%	8h	0.5175	−0.060%	$936K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0088%	4h	0.5171	−0.137%	$3.9M	$9.9M	50x	as long as short
Paradex JTO-USD-PERP	−0.0020%	8h	0.5170	−0.153%	$516	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5177	−0.021%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+6.977%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.961%	$31	$43K	5.5x	as long as short
Lighter JTOlong	+0.0096%	1h	0.5178	long leg	$100K	$184K	10x
Aster JTOUSDTshort	+0.0100%	4h	0.5177	−0.021%	$174K	$176K	10x
Binance JTOUSDT	+0.0100%	4h	0.5171	−0.135%	$11.6M	$27.9M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JTOUSDT	+0.0100%	4h	0.5177	−0.021%	$7.6M	$13.6M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5165	−0.253%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5172	−0.118%	$7.0M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5177	−0.021%	$1.5M	$610K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5174	−0.079%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5175	−0.060%	—	$63.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5176	−0.033%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5173	−0.098%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5170	−0.148%	$526K	$854K	10x	as long as short
Hyperliquid JTO	+0.0120%	1h	0.5183	+0.101%	$7.3M	$3.1M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5177	−0.017%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5193	+0.288%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5176	−0.041%	$642K	$577K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0358%	1h	0.5186	+0.147%	$264K	$501K	10x	as long as short
Phoenix JTO	+0.0463%	1h	0.5198	+0.384%	$374K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0607%	1h	0.5186	+0.151%	$353K	$312K	25x	as long as short