Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1014%/8h= −111.1% APRpaid last 24h −0.134%

Price spread now: Deribit against Variational Omni+0.029%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.029% dearer against Variational Omni than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JTO	0.5146	0.0100	pay 0.0050% / 4h	2h 45m	$183K	$259K	—
Short	Deribit JTO_USDC-PERPETUAL	0.5147	−0.0914	pay 0.0114% / 1h	45m 39s	$13K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$213.02
Price spread: +0.029% → 0.000%: $2.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$217.15
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 43 min ago; Deribit: 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 Variational Omni RFQ quote, 43 min ago	4.83 bp	doesn't fit	28.0 bp −$280	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	−0.0914%	1h	0.5147	+0.029%	$13K	$11K	10x
Gate JTO_USDT	−0.0135%	8h	0.5146	+0.009%	$933K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0064%	4h	0.5145	−0.010%	$3.9M	$9.8M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5154	+0.165%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.659%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0014%	8h	0.5146	+0.004%	$514	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.353%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5153	+0.147%	$99K	$184K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5157	+0.229%	$7.3M	$3.2M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5151	+0.106%	$173K	$175K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5146	+0.009%	$11.5M	$27.9M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5151	+0.106%	$7.5M	$13.5M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5155	+0.184%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5147	+0.029%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5153	+0.155%	$1.6M	$572K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5148	+0.048%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5148	+0.048%	—	$63.5M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5153	+0.139%	$263K	$514K	10x	as long as short
Variational Omni JTOlong	+0.0100%	4h	0.5146	long leg	$183K	$259K	—
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5148	+0.048%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5145	−0.001%	$523K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5151	+0.109%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5202	+1.098%	$57K	$126K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5148	+0.048%	$645K	$574K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5153	+0.145%	$371K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0610%	1h	0.5156	+0.204%	$351K	$312K	25x	as long as short