Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2081%/8h= +227.9% APRpaid last 24h +0.570%

Price spread now: GMX against MEXC−0.232%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on GMX

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

Funding pays, the price is against you. GMX is 0.232% cheaper against MEXC than usual: you would sell low and buy high (spread −0.232% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 9 hours of funding at the current rate (+$62 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JTO_USDT	0.5138	0.0100	pay 0.0050% / 4h	3h 56m	$7.0M	$3.6M	50x
Short	GMX JTO/USD [WBTC.b-USDC]	0.5126	L +0.0223% / S −0.2181%	get 0.0273% / 1h	56m 03s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.232%Rate

Funding earned: $436.99
Price spread: −0.232% → 0.000%: −$23.2
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $401.79
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.98 bp	3.1 bp −$3	14.6 bp −$146	70.7 bp −$7,067	166.0 bp −$83.0K
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 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	−0.0334%	1h	0.5132	−0.117%	$13K	$11K	10x	as long as short
OKX JTO-USDT-SWAP	−0.0028%	4h	0.5136	−0.039%	$3.9M	$9.5M	50x	as long as short
Paradex JTO-USD-PERP	−0.0018%	8h	0.5122	−0.316%	$511	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5122	−0.307%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.810%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.211%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5133	−0.099%	$101K	$186K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5145	+0.134%	$7.1M	$3.2M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5138	−0.009%	$172K	$177K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5136	−0.039%	$11.3M	$28.1M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JTOUSDT	+0.0100%	4h	0.5142	+0.078%	$7.5M	$13.7M	50x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5134	−0.078%	$914K	$1.2M	75x	as long as short
MEXC JTO_USDTlong	+0.0100%	4h	0.5138	long leg	$7.0M	$3.6M	50x
KuCoin JTOUSDTM	+0.0100%	4h	0.5128	−0.189%	$1.6M	$597K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5139	+0.019%	$2.5M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5136	−0.039%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5127	−0.218%	$223K	$305K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5132	−0.117%	$4K	$2K	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5128	−0.195%	$56K	−$0	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5128	−0.194%	$518K	$851K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]short	L +0.0223% / S −0.2181%	1h	0.5126	−0.232%	$2K	—	50x
Kraken Futures PF_JTOUSD	+0.0248%	1h	0.5140	+0.043%	$347K	$313K	25x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5131	−0.136%	$56K	$112K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5116	−0.428%	$616K	$606K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0403%	1h	0.5142	+0.086%	$226K	$463K	10x	as long as short
Phoenix JTO	+0.0465%	1h	0.5131	−0.136%	$368K	$261K	5x	as long as short