Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: Variational Omni against Reya−6.923%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 6.923% cheaper against Reya than usual: you would sell low and buy high (spread −6.923% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$692 on $10k: about 8 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JTORUSDPERP	0.5540	0	get 0.0000% / 1h	57m 41s	—	—	—
Short	Variational Omni JTO	0.5156	0.0100	get 0.0050% / 4h	3h 57m	$223K	$266K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpFee Variational OmnibpOrdersPrice spread, now −6.923%Rate

Funding earned: $21
Price spread: −6.923% → 0.000%: −$692.32
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$677.32
Costs to cover: 0.060%
Break-even: 232.8 days

Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 61 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 Reya no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 61 min ago	4.90 bp	doesn't fit	57.8 bp −$578	doesn't fit	doesn't fit

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
Gate JTO_USDT	−0.0339%	8h	0.5168	−6.708%	$899K	$993K	75x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0330%	1h	0.5167	−6.726%	$13K	$10K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5170	−6.672%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5540	long leg	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−10.228%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0085%	8h	0.5165	−6.756%	$516	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5165	−6.762%	$4K	$652	10x	as long as short
OKX JTO-USDT-SWAP	+0.0095%	4h	0.5165	−6.762%	$3.9M	$9.4M	50x	as long as short
Lighter JTO	+0.0096%	1h	0.5174	−6.593%	$118K	$226K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5178	−6.522%	$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	0.5170	−6.670%	$125K	$218K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5167	−6.722%	$11.3M	$27.5M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5168	−6.708%	$7.1M	$14.0M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5169	−6.690%	$6.3M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5169	−6.685%	$1.5M	$603K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5165	−6.762%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5167	−6.726%	—	$68.0M	—	as long as short
Variational Omni JTOshort	+0.0100%	4h	0.5156	−6.923%	$223K	$266K	—
Bulk JTO-USD	+0.0100%	1h	0.5141	−7.196%	$56K	$17K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5167	−6.733%	$518K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5168	−6.708%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5143	−7.160%	$619K	$521K	75x	as long as short
Kraken Futures PF_JTOUSD	+0.0378%	1h	0.5170	−6.675%	$337K	$312K	25x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5168	−6.708%	$58K	$137K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5164	−6.780%	$381K	$110K	5x	as long as short
Backpack JTO_USDC_PERP	+0.0933%	1h	0.5178	−6.530%	$269K	$314K	10x	as long as short