JST arbitrage explained
Right now JUST (JST) trades on 8 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Binance perp at $0.1404 and the highest bid on Binance spot at $0.1406.
The widest JST perpetual spread is between Binance and Bybit: long JST on Binance at $0.1404 and short on Bybit at $0.1404 for -0.01% gross, or -0.17% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best JST route is to buy spot on Bitget and short the perpetual on Binance: -0.11% gross, -0.31% net, with +0.030% a day of funding on the short leg.
Spot–spot JST arbitrage (buy on Bitget, withdraw, deposit and sell on Binance) shows +0.06% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small JST gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: JST funding rates · JST spread charts · JUST price · arbitrage scanner for all coins.