Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.035%

Price spread now: BloFin against GMX−0.295%7-day average — · you buy dearer than you sell

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

Long on GMX Short on BloFin

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. BloFin is 0.295% cheaper against GMX than usual: you would sell low and buy high (spread −0.295% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 8.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JTO/USD [WBTC.b-USDC]	0.5097	L +0.0224% / S −0.2181%	pay 0.0028% / 1h	53m 05s	$2K	—	50x
Short	BloFin JTO-USDT	0.5082	0.0340	get 0.0170% / 4h	3h 53m	$582K	$562K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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 GMXbpFee BloFinbpOrdersPrice spread, now −0.295%Rate

Funding earned: $24.45
Price spread: −0.295% → 0.000%: −$29.49
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.04
Costs to cover: 0.240%
Break-even: 15.3 days

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 23 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 23 min ago	0.98 bp	9.7 bp −$10	23.1 bp −$231	125.6 bp −$12.6K	doesn't fit

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
Bybit JTOUSDT	−0.0727%	4h	0.5093	−0.079%	$6.8M	$14.3M	50x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0338%	1h	0.5096	−0.020%	$13K	$30K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5091	−0.116%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+8.683%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.433%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0041%	8h	0.5084	−0.254%	$487	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5100	+0.060%	$114K	$240K	10x	as long as short
Gate JTO_USDT	+0.0098%	8h	0.5092	−0.099%	$881K	$924K	75x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5103	+0.109%	$6.9M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5099	+0.033%	$119K	$233K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5094	−0.056%	$10.7M	$28.4M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5091	−0.118%	$3.7M	$9.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5092	−0.100%	$55K	−$0	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5093	−0.079%	$6.3M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5097	+0.003%	$1.5M	$581K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5095	−0.040%	$2.3M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5094	−0.059%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5092	−0.105%	$218K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5095	−0.040%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5092	−0.098%	$522K	$2.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0187%	1h	0.5102	+0.092%	$240K	$320K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]long	L +0.0224% / S −0.2181%	1h	0.5097	long leg	$2K	—	50x
Phoenix JTO	+0.0313%	1h	0.5114	+0.333%	$372K	$128K	5x	as long as short
BloFin JTO-USDTshort	+0.0340%	4h	0.5082	−0.295%	$582K	$562K	75x
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5105	+0.156%	$58K	$134K	25x	as long as short
Kraken Futures PF_JTOUSD	+0.0764%	1h	0.5100	+0.054%	$323K	$369K	25x	as long as short