Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: Aster against Reya−6.994%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 6.994% cheaper against Reya than usual: you would sell low and buy high (spread −6.994% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$699 on $10k: about 8 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JTORUSDPERP	0.5539	0	get 0.0000% / 1h	7m 49s	—	—	—
Short	Aster JTOUSDT	0.5152	0.0100	get 0.0050% / 4h	1h 07m	$126K	$219K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpFee AsterbpOrdersPrice spread, now −6.994%Rate

Funding earned: $21
Price spread: −6.994% → 0.000%: −$699.36
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$692.36
Costs to cover: 0.140%
Break-even: 237.8 days

Slippage unknown: Reya: no order-book sample; Aster: live order book, 54 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 54 min ago	12.61 bp	26.3 bp −$26	doesn't fit	doesn't fit	doesn't fit

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 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	−0.0526%	1h	0.5149	−7.049%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0373%	8h	0.5140	−7.211%	$895K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5150	−7.037%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5539	long leg	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−10.226%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0082%	8h	0.5149	−7.041%	$514	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5149	−7.049%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5154	−6.953%	$118K	$228K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5153	−6.969%	$7.0M	$3.2M	5x	as long as short
Aster JTOUSDTshort	+0.0100%	4h	0.5152	−6.994%	$126K	$219K	10x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5136	−7.284%	$11.2M	$27.3M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5139	−7.229%	$7.3M	$13.9M	50x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5135	−7.302%	$3.9M	$9.3M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5141	−7.193%	$6.6M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5147	−7.087%	$1.6M	$586K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5142	−7.175%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5140	−7.211%	—	$68.0M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5155	−6.932%	$223K	$288K	—	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5172	−6.641%	$56K	$15K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5141	−7.200%	$518K	$1.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0142%	1h	0.5155	−6.933%	$267K	$322K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5150	−7.023%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0336%	1h	0.5197	−6.182%	$60K	$135K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5152	−6.995%	$624K	$505K	75x	as long as short
Phoenix JTO	+0.0464%	1h	0.5171	−6.652%	$382K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0676%	1h	0.5153	−6.982%	$338K	$316K	25x	as long as short