Funding you earn now, next payment 09:00 UTC+0.2081%/8h= +227.9% APRnext payment +$2.60 per $10,000 · paid last 24h +0.628%
Price spread now: GMX against Bulk+1.216%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$62 a day on $10k at the current rate, and GMX is 1.216% dearer against Bulk than usual: you sell high and buy low: +$122 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk JTO-USD | 0.5029 | 0.0100 | pay 0.0013% / 1h | 22m 55s | $54K | −$0 | 10x |
| Short | GMX JTO/USD [WBTC.b-USDC] | 0.5090 | L +0.0223% / S −0.2181% | get 0.0273% / 1h | 22m 55s | $2K | — | 50x |
Bulk JTO-USD
GMX JTO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bulk. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $436.99
- Price spread: +1.216% → 0.000%
- $121.56
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $539.55
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Bulk: no order-book sample; GMX: no order-book sample. 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 Bulk no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Bulk and GMX: 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 | −0.0536% | 1h | 0.5086 | +1.128% | $13K | $30K | 10x | as long as short |
| Bybit JTOUSDT | −0.0023% | 4h | 0.5086 | +1.128% | $6.7M | $14.3M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5062 | +0.651% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +10.147% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0028% | 8h | 0.5079 | +0.990% | $487 | $10 | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −1.119% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5092 | +1.255% | $113K | $241K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5094 | +1.281% | $6.9M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5086 | +1.118% | $119K | $233K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5082 | +1.047% | $10.7M | $28.2M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5083 | +1.068% | $3.8M | $9.8M | 50x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5087 | +1.148% | $881K | $936K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5084 | +1.088% | $6.2M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5087 | +1.156% | $1.4M | $659K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5083 | +1.068% | $2.3M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5085 | +1.108% | — | $8.5M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5095 | +1.309% | $241K | $324K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5044 | +0.293% | $216K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5087 | +1.148% | $4K | $918 | 10x | as long as short |
| Bulk JTO-USDlong | +0.0100% | 1h | 0.5029 | long leg | $54K | −$0 | 10x | |
| Extended JTO-USD | +0.0104% | 1h | 0.5083 | +1.068% | $522K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC]short | L +0.0223% / S −0.2181% | 1h | 0.5090 | +1.216% | $2K | — | 50x | |
| Phoenix JTO | +0.0313% | 1h | 0.5062 | +0.651% | $358K | $128K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5070 | +0.810% | $582K | $560K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5080 | +1.009% | $57K | $137K | 25x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0765% | 1h | 0.5093 | +1.262% | $337K | $383K | 25x | as long as short |
OKX JTO-USDT-SWAP
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD