Funding you earn now, next payment 00:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.035%
Price spread now: Variational Omni against GMX−0.037%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.037% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX JTO/USD [WBTC.b-USDC] | 0.5109 | L +0.0223% / S −0.2181% | pay 0.0028% / 1h | 5m 26s | $2K | — | 50x |
| Short | Variational Omni JTO | 0.5107 | 0.0100 | get 0.0050% / 4h | 5m 26s | $223K | $305K | — |
GMX JTO/USD [WBTC.b-USDC]
Variational Omni JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.9
- Price spread: −0.037% → 0.000%
- −$3.66
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$41.56
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 9 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 Variational Omni RFQ quote, 9 min ago | 5.88 bp | doesn't fit | 52.9 bp −$529 | 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 | −0.0729% | 1h | 0.5103 | −0.111% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0202% | 8h | 0.5102 | −0.131% | $904K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0065% | 4h | 0.5100 | −0.170% | $3.8M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0037% | 8h | 0.5100 | −0.178% | $509 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5109 | +0.006% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.429% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.656% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0087% | 1h | 0.5106 | −0.052% | $55K | $640 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5105 | −0.068% | $100K | $193K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5110 | +0.016% | $7.0M | $3.2M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bulk JTO-USD
Lighter JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5105 | −0.067% | $171K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5101 | −0.158% | $11.2M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5105 | −0.072% | $7.4M | $13.8M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5100 | −0.170% | $7.0M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5109 | −0.002% | $1.6M | $631K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5106 | −0.052% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5103 | −0.111% | — | $67.9M | — | as long as short |
| Variational Omni JTOshort | +0.0100% | 4h | 0.5107 | −0.037% | $223K | $305K | — | |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5104 | −0.092% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5100 | −0.164% | $518K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0146% | 1h | 0.5110 | +0.032% | $224K | $467K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC]long | L +0.0223% / S −0.2181% | 1h | 0.5109 | long leg | $2K | — | 50x | |
| Kraken Futures PF_JTOUSD | +0.0226% | 1h | 0.5110 | +0.024% | $345K | $313K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5172 | +1.239% | $57K | $113K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5106 | −0.052% | $620K | $606K | 75x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5116 | +0.143% | $367K | $266K | 5x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Backpack JTO_USDC_PERP
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO