Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.2081%/8h= +227.9% APRpaid last 24h +0.624%

Price spread now: GMX against KuCoin−0.026%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on GMX

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. GMX is 0.026% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about under an hour of funding at the current rate (+$62 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JTOUSDTM	0.5060	0.0100	pay 0.0050% / 4h	2h 18m	$1.4M	$592K	20x
Short	GMX JTO/USD [WBTC.b-USDC]	0.5059	L +0.0223% / S −0.2181%	get 0.0273% / 1h	18m 35s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $436.99
Price spread: −0.026% → 0.000%: −$2.57
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $410.42
Costs to cover: 0.240%
Break-even: 0.4 days

Slippage unknown: KuCoin: 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 KuCoin live order book, 5 min ago	9.87 bp	50.6 bp −$51	403.8 bp −$4,038	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 exchanges

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	−0.0541%	1h	0.5056	−0.079%	$23K	$40K	10x	as long as short
Bybit JTOUSDT	−0.0166%	4h	0.5059	−0.020%	$6.6M	$13.5M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5067	+0.138%	$3K	$5K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+9.476%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−1.719%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0055%	8h	0.5057	−0.051%	$485	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5063	+0.063%	$113K	$218K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5066	+0.115%	$6.8M	$2.8M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5060	−0.004%	$117K	$205K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5058	−0.040%	$10.5M	$26.6M	75x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5058	−0.040%	$3.7M	$9.3M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5059	−0.020%	$55K	−$0	10x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5059	−0.020%	$878K	$886K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5055	−0.099%	$6.1M	$3.2M	50x	as long as short
KuCoin JTOUSDTMlong	+0.0100%	4h	0.5060	long leg	$1.4M	$592K	20x
Bitget JTOUSDT	+0.0100%	4h	0.5060	0.000%	$2.2M	$2.2M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5061	+0.020%	—	$8.4M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5064	+0.088%	$217K	$190K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5056	−0.079%	$4K	$798	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5056	−0.070%	$519K	$2.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0169%	1h	0.5064	+0.075%	$247K	$315K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]short	L +0.0223% / S −0.2181%	1h	0.5059	−0.026%	$2K	—	50x
BloFin JTO-USDT	+0.0340%	4h	0.5057	−0.059%	$572K	$543K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5079	+0.375%	$56K	$127K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5080	+0.395%	$359K	$135K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0548%	1h	0.5056	−0.077%	$330K	$404K	25x	as long as short