Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2324%/8h= +254.5% APRpaid last 24h +0.606%

Price spread now: GMX against Gate−0.161%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.161% cheaper against Gate than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 6 hours of funding at the current rate (+$70 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JTO_USDT	0.5173	−0.0143	get 0.0143% / 8h	57m 29s	$931K	$1.4M	75x
Short	GMX JTO/USD [WBTC.b-USDC]	0.5165	L +0.0224% / S −0.2181%	get 0.0273% / 1h	57m 29s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $488.02
Price spread: −0.161% → 0.000%: −$16.12
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $444.9
Costs to cover: 0.270%
Break-even: 0.6 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	4.85 bp	34.7 bp −$35	108.2 bp −$1,082	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	−0.0524%	1h	0.5162	−0.213%	$13K	$11K	10x	as long as short
Gate JTO_USDTlong	−0.0143%	8h	0.5173	long leg	$931K	$1.4M	75x
OKX JTO-USDT-SWAP	−0.0072%	4h	0.5169	−0.077%	$3.9M	$9.8M	50x	as long as short
Paradex JTO-USD-PERP	−0.0053%	8h	0.5169	−0.075%	$516	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5175	+0.043%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.081%	—	—	—	as long as short
Bulk JTO-USD	+0.0024%	1h	0.5153	−0.380%	$56K	$1K	10x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.866%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5179	+0.106%	$98K	$172K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5181	+0.160%	$7.3M	$3.1M	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	0.5175	+0.039%	$174K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5175	+0.039%	$11.5M	$28.0M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5174	+0.019%	$7.4M	$13.8M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5172	−0.019%	$7.2M	$3.6M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5170	−0.056%	$1.6M	$641K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5174	+0.019%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5175	+0.039%	—	$66.2M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5152	−0.410%	$182K	$258K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5163	−0.193%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5171	−0.037%	$524K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]short	L +0.0224% / S −0.2181%	1h	0.5165	−0.161%	$2K	—	50x
Kraken Futures PF_JTOUSD	+0.0224%	1h	0.5170	−0.062%	$350K	$312K	25x	as long as short
Coinbase International JTO-PERP-INTX	+0.0296%	1h	0.5165	−0.155%	$57K	$125K	25x	as long as short
Backpack JTO_USDC_PERP	+0.0300%	1h	0.5174	+0.027%	$227K	$487K	10x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5157	−0.309%	$630K	$575K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5175	+0.039%	$372K	$266K	5x	as long as short