Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2081%/8h= +227.9% APRpaid last 24h +0.591%

Price spread now: GMX against Bybit−0.060%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.060% cheaper against Bybit than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2 hours of funding at the current rate (+$62 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JTOUSDT	0.5126	0.0100	pay 0.0050% / 4h	2m 01s	$7.5M	$13.8M	50x
Short	GMX JTO/USD [WBTC.b-USDC]	0.5123	L +0.0223% / S −0.2181%	get 0.0273% / 1h	2m 01s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $436.99
Price spread: −0.060% → 0.000%: −$6.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $407.94
Costs to cover: 0.230%
Break-even: 0.5 days

Slippage unknown: Bybit: live order book, 6 min ago; 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 Bybit live order book, 6 min ago	1.96 bp	23.7 bp −$24	74.4 bp −$744	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0531%	1h	0.5120	−0.117%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0197%	8h	0.5119	−0.137%	$907K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0055%	4h	0.5123	−0.059%	$3.9M	$9.5M	50x	as long as short
Paradex JTO-USD-PERP	−0.0030%	8h	0.5114	−0.241%	$510	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5120	−0.112%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+8.062%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.985%	$31	$43K	5.5x	as long as short
Bulk JTO-USD	+0.0087%	1h	0.5106	−0.390%	$55K	$640	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5123	−0.053%	$101K	$193K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5132	+0.117%	$7.0M	$3.2M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5125	−0.017%	$172K	$177K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5123	−0.059%	$11.3M	$28.1M	75x	as long as short
Bybit JTOUSDTlong	+0.0100%	4h	0.5126	long leg	$7.5M	$13.8M	50x
MEXC JTO_USDT	+0.0100%	4h	0.5121	−0.098%	$7.0M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5125	−0.020%	$1.6M	$599K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5125	−0.020%	$2.5M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5123	−0.059%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5107	−0.374%	$223K	$305K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5120	−0.117%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5117	−0.176%	$518K	$854K	10x	as long as short
Backpack JTO_USDC_PERP	+0.0143%	1h	0.5129	+0.055%	$225K	$463K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]short	L +0.0223% / S −0.2181%	1h	0.5123	−0.060%	$2K	—	50x
Kraken Futures PF_JTOUSD	+0.0226%	1h	0.5126	0.000%	$346K	$313K	25x	as long as short
Coinbase International JTO-PERP-INTX	+0.0296%	1h	0.5172	+0.897%	$57K	$113K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5112	−0.273%	$618K	$606K	75x	as long as short
Phoenix JTO	+0.0465%	1h	0.5116	−0.195%	$367K	$266K	5x	as long as short