Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.024%

Price spread now: Gate against OKX+0.078%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1151.150% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.078%, 7d avg +0.050%

Together, before fees−0.285%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.027% dearer against OKX than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of +0.050%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.008% in total) that is about 26 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX JTO-USDT-SWAP	0.5156	−0.0103	get 0.0052% / 4h	2h 04m	$3.9M	$9.9M	50x
Short	Gate JTO_USDT	0.5160	−0.0162	pay 0.0162% / 8h	2h 04m	$933K	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.078%Rate

Funding earned: −$12.37
Price spread: +0.078% → +0.050%: $2.74
Slippage, 4 orders: −$89.97
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$124.6
Costs to cover: 1.150%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 3 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 OKX live order book, 3 min ago	0.97 bp	14.0 bp −$14	59.3 bp −$593	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.88 bp	47.2 bp −$47	76.6 bp −$766	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	−0.0525%	1h	0.5160	+0.078%	$13K	$11K	10x	as long as short
Gate JTO_USDTshort	−0.0162%	8h	0.5160	+0.078%	$933K	$1.5M	75x
OKX JTO-USDT-SWAPlong	−0.0103%	4h	0.5156	long leg	$3.9M	$9.9M	50x
Paradex JTO-USD-PERP	−0.0011%	8h	0.5156	+0.002%	$515	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5162	+0.126%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.436%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.549%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5161	+0.105%	$100K	$184K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5160	+0.080%	$173K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5156	+0.007%	$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	0.5160	+0.078%	$7.6M	$13.6M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5165	+0.175%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5156	0.000%	$7.1M	$3.8M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5167	+0.206%	$1.5M	$630K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5160	+0.078%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5157	+0.019%	—	$63.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5162	+0.122%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5159	+0.058%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5156	−0.005%	$523K	$854K	10x	as long as short
Hyperliquid JTO	+0.0138%	1h	0.5168	+0.227%	$7.3M	$3.1M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5164	+0.150%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5193	+0.718%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5162	+0.116%	$640K	$575K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0344%	1h	0.5165	+0.178%	$263K	$499K	10x	as long as short
Phoenix JTO	+0.0463%	1h	0.5189	+0.640%	$373K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0609%	1h	0.5167	+0.206%	$352K	$312K	25x	as long as short