Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: OKX against Reya−8.404%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 OKX

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 · farm boardneeds both histories

Funding pays, the price is against you. OKX is 8.404% cheaper against Reya than usual: you would sell low and buy high (spread −8.404% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$840 on $10k: about 9 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	0.5540	0	get 0.0000% / 1h	37m 30s	—	—	—
Short	OKX JTO-USDT-SWAP	0.5074	0.0100	get 0.0050% / 4h	3h 37m	$3.7M	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Reya. 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 ReyabpFee OKXbpOrdersPrice spread, now −8.404%Rate

Funding earned: $21
Price spread: −8.404% → 0.000%: −$840.42
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$835.42
Costs to cover: 0.160%
Break-even: 285.5 days

Slippage unknown: Reya: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	0.98 bp	20.0 bp −$20	56.6 bp −$566	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	−0.0341%	1h	0.5072	−8.440%	$12K	$30K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5076	−8.366%	$3K	$4K	5x	as long as short
Bybit JTOUSDT	0.0000%	4h	0.5074	−8.404%	$6.7M	$14.3M	50x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5540	long leg	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−10.227%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0038%	8h	0.5075	−8.379%	$486	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5082	−8.254%	$114K	$240K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5084	−8.222%	$6.9M	$3.0M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5079	−8.312%	$118K	$233K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5075	−8.383%	$10.7M	$28.3M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX JTO-USDT-SWAPshort	+0.0100%	4h	0.5074	−8.404%	$3.7M	$9.8M	50x
Gate JTO_USDT	+0.0100%	8h	0.5074	−8.404%	$878K	$924K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5076	−8.368%	$6.3M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5080	−8.294%	$1.5M	$579K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5076	−8.368%	$2.3M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5074	−8.404%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5076	−8.374%	$217K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5072	−8.440%	$4K	$918	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5071	−8.458%	$55K	−$0	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5074	−8.411%	$522K	$2.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0210%	1h	0.5080	−8.300%	$240K	$320K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5075	−8.382%	$2K	—	50x	as long as short
Phoenix JTO	+0.0313%	1h	0.5083	−8.242%	$370K	$128K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5080	−8.296%	$582K	$562K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5081	−8.278%	$58K	$134K	25x	as long as short
Kraken Futures PF_JTOUSD	+0.0767%	1h	0.5080	−8.297%	$322K	$369K	25x	as long as short