Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h +0.024%
Price spread now: Hyperliquid against Variational Omni+0.254%7-day average +0.137% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.254%, 7d avg +0.137%
=Together, before fees−0.081%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.117% dearer against Variational Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.137%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni JTO | 0.5136 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $220K | $241K | — |
| Short | Hyperliquid JTO | 0.5149 | 0.0104 | get 0.0013% / 1h | 0m 47s | $7.0M | $3.0M | 5x |
Variational Omni JTO
Hyperliquid JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.9
- Price spread: +0.254% → +0.137%
- $11.74
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $3.63
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 48 min ago; Hyperliquid: live order book, 1 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 Variational Omni RFQ quote, 48 min ago | 4.82 bp | doesn't fit | 56.9 bp −$569 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 0.10 bp | 13.0 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0191% | 8h | 0.5140 | +0.087% | $904K | $1.0M | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0139% | 1h | 0.5138 | +0.048% | $13K | $30K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5138 | +0.049% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.870% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.165% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0076% | 4h | 0.5136 | +0.009% | $3.8M | $9.6M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0085% | 8h | 0.5136 | +0.018% | $492 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5146 | +0.200% | $115K | $236K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5141 | +0.103% | $122K | $220K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5137 | +0.030% | $11.1M | $27.9M | 75x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
Lighter JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5139 | +0.067% | $7.0M | $14.2M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5137 | +0.028% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5137 | +0.028% | $6.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5141 | +0.106% | $1.5M | $612K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5141 | +0.106% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5139 | +0.067% | — | $8.6M | — | as long as short |
| Variational Omni JTOlong | +0.0100% | 4h | 0.5136 | long leg | $220K | $241K | — | |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5138 | +0.048% | $4K | $652 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5136 | +0.007% | $518K | $2.2M | 10x | as long as short |
| Hyperliquid JTOshort | +0.0104% | 1h | 0.5149 | +0.254% | $7.0M | $3.0M | 5x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5139 | +0.066% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERP | +0.0273% | 1h | 0.5147 | +0.215% | $265K | $306K | 10x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5141 | +0.106% | $604K | $542K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5159 | +0.457% | $59K | $133K | 25x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5152 | +0.320% | $380K | $118K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0481% | 1h | 0.5148 | +0.243% | $344K | $347K | 25x | as long as short |
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Backpack JTO_USDC_PERP
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD