Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.2081%/8h= +227.9% APRpaid last 24h +0.573%

Price spread now: GMX against Variational Omni−0.039%7-day average — · you buy dearer than you sell

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

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

Funding pays, the price is against you. GMX is 0.039% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2 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	Variational Omni JTO	0.5157	0.0100	pay 0.0050% / 4h	2h 29m	$224K	$296K	—
Short	GMX JTO/USD [WBTC.b-USDC]	0.5155	L +0.0224% / S −0.2181%	get 0.0273% / 1h	29m 04s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $436.99
Price spread: −0.039% → 0.000%: −$3.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $421.05
Costs to cover: 0.120%
Break-even: 0.3 days

Slippage unknown: Variational Omni: RFQ quote, 40 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 Variational Omni RFQ quote, 40 min ago	4.85 bp	doesn't fit	68.9 bp −$689	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 25 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	−0.0526%	1h	0.5149	−0.159%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0115%	8h	0.5151	−0.120%	$911K	$1.1M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5166	+0.173%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.415%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.572%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0061%	4h	0.5154	−0.062%	$3.9M	$9.5M	50x	as long as short
Paradex JTO-USD-PERP	+0.0075%	8h	0.5163	+0.106%	$515	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5150	−0.140%	$4K	$872	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5161	+0.074%	$130K	$223K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5153	−0.086%	$126K	$222K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5156	−0.023%	$11.4M	$27.7M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5160	+0.054%	$7.5M	$13.6M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5092	−1.264%	$55K	$15K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5151	−0.120%	$6.8M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5157	−0.002%	$1.6M	$579K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5153	−0.081%	$2.4M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5152	−0.101%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5160	+0.045%	$265K	$451K	10x	as long as short
Variational Omni JTOlong	+0.0100%	4h	0.5157	long leg	$224K	$296K	—
Extended JTO-USD	+0.0104%	1h	0.5150	−0.148%	$523K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]short	L +0.0224% / S −0.2181%	1h	0.5155	−0.039%	$2K	—	50x
Coinbase International JTO-PERP-INTX	+0.0264%	1h	0.5175	+0.345%	$59K	$138K	25x	as long as short
Hyperliquid JTO	+0.0461%	1h	0.5165	+0.145%	$7.2M	$3.1M	5x	as long as short
Phoenix JTO	+0.0466%	1h	0.5143	−0.275%	$380K	$114K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0770%	1h	0.5153	−0.086%	$347K	$307K	25x	as long as short