Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0223%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h —

Price spread now: Reya against GMX+8.342%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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 8.342% dearer against GMX than usual: you sell high and buy low (spread +8.342% now, against zero (this spread has no 7-day history yet)): +$834 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JTO/USD [WBTC.b-USDC]	0.5113	L +0.0223% / S −0.2181%	pay 0.0028% / 1h	2m 31s	$2K	—	50x
Short	Reya JTORUSDPERP	0.5540	0	get 0.0000% / 1h	2m 31s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +8.342%Rate

Funding earned: −$46.92
Price spread: +8.342% → 0.000%: $834.2
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $769.28
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Reya: 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 GMX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

GMX and Reya: 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	−0.0337%	1h	0.5111	−0.039%	$13K	$30K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5109	−0.074%	$3K	$5K	5x	as long as short
Reya JTORUSDPERPshort	0.0000%	1h	0.5540	+8.342%	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.738%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0051%	8h	0.5106	−0.131%	$489	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5113	+0.002%	$114K	$242K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5115	+0.037%	$6.9M	$3.0M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5108	−0.097%	$119K	$233K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5105	−0.156%	$10.7M	$27.7M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5106	−0.137%	$6.7M	$13.9M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5104	−0.176%	$3.7M	$9.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5112	−0.020%	$55K	−$0	10x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5110	−0.058%	$885K	$941K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5105	−0.156%	$6.2M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5112	−0.010%	$1.4M	$614K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5107	−0.117%	$2.3M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5108	−0.098%	—	$8.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5117	+0.081%	$219K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5111	−0.039%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5104	−0.183%	$524K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]long	L +0.0223% / S −0.2181%	1h	0.5113	long leg	$2K	—	50x
Backpack JTO_USDC_PERP	+0.0268%	1h	0.5118	+0.102%	$242K	$322K	10x	as long as short
Phoenix JTO	+0.0313%	1h	0.5123	+0.196%	$362K	$128K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5108	−0.098%	$578K	$556K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5122	+0.176%	$58K	$133K	25x	as long as short
Kraken Futures PF_JTOUSD	+0.0760%	1h	0.5122	+0.173%	$339K	$378K	25x	as long as short