Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.053%

Price spread now: Bybit against GMX+0.039%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Bybit

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

The price spread pays, funding is against you. Bybit is 0.039% dearer against GMX than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JTO/USD [WBTC.b-USDC]	0.5150	L +0.0224% / S −0.2181%	pay 0.0028% / 1h	1m 48s	$2K	—	50x
Short	Bybit JTOUSDT	0.5152	0.0100	get 0.0050% / 4h	1m 48s	$7.1M	$14.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$26
Price spread: +0.039% → 0.000%: $3.94
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$45.06
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.97 bp	26.6 bp −$27	69.0 bp −$690	doesn't fit	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
Deribit JTO_USDC-PERPETUAL	−0.0527%	1h	0.5147	−0.058%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0366%	8h	0.5151	+0.020%	$895K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5151	+0.020%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.567%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.436%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0084%	8h	0.5146	−0.071%	$514	—	5x	as long as short
OKX JTO-USDT-SWAP	+0.0088%	4h	0.5153	+0.059%	$3.9M	$9.4M	50x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5146	−0.077%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5154	+0.082%	$118K	$226K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5164	+0.278%	$7.0M	$3.0M	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	0.5151	+0.011%	$124K	$218K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5150	+0.001%	$11.3M	$27.5M	75x	as long as short
Bybit JTOUSDTshort	+0.0100%	4h	0.5152	+0.039%	$7.1M	$14.0M	50x
MEXC JTO_USDT	+0.0100%	4h	0.5148	−0.038%	$6.3M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5153	+0.059%	$1.5M	$603K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5155	+0.098%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5150	+0.001%	—	$68.0M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5143	−0.143%	$223K	$266K	—	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5141	−0.174%	$56K	$17K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5147	−0.060%	$518K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]long	L +0.0224% / S −0.2181%	1h	0.5150	long leg	$2K	—	50x
BloFin JTO-USDT	+0.0340%	4h	0.5152	+0.039%	$620K	$506K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0349%	1h	0.5157	+0.144%	$268K	$315K	10x	as long as short
Coinbase International JTO-PERP-INTX	+0.0416%	1h	0.5168	+0.350%	$58K	$137K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5159	+0.175%	$381K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0730%	1h	0.5154	+0.072%	$335K	$312K	25x	as long as short