Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Variational Omni+6.855%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 Reya

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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 6.855% dearer against Variational Omni than usual: you sell high and buy low (spread +6.855% now, against zero (this spread has no 7-day history yet)): +$686 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JTO	0.5184	0.0100	pay 0.0050% / 4h	1h 35m	$184K	$258K	—
Short	Reya JTORUSDPERP	0.5539	0	get 0.0000% / 1h	35m 37s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +6.855%Rate

Funding earned: −$21
Price spread: +6.855% → 0.000%: $685.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $658.54
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 48 min ago; Reya: 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, 48 min ago	6.75 bp	doesn't fit	24.1 bp −$241	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
Deribit JTO_USDC-PERPETUAL	−0.0720%	1h	0.5148	−0.693%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0163%	8h	0.5145	−0.750%	$930K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0074%	4h	0.5151	−0.635%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5150	−0.648%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPshort	0.0000%	1h	0.5539	+6.855%	—	—	—
Paradex JTO-USD-PERP	+0.0024%	8h	0.5145	−0.754%	$513	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−4.068%	$31	$43K	5.5x	as long as short
Bulk JTO-USD	+0.0064%	1h	0.5180	−0.071%	$56K	$1K	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5155	−0.565%	$99K	$174K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5155	−0.552%	$7.3M	$3.1M	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	0.5151	−0.629%	$173K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5157	−0.517%	$11.6M	$27.9M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5158	−0.500%	$7.4M	$13.7M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5145	−0.750%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5157	−0.519%	$1.6M	$641K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5155	−0.558%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5154	−0.577%	—	$63.6M	—	as long as short
Variational Omni JTOlong	+0.0100%	4h	0.5184	long leg	$184K	$258K	—
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5149	−0.673%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5147	−0.710%	$523K	$854K	10x	as long as short
Backpack JTO_USDC_PERP	+0.0165%	1h	0.5153	−0.587%	$226K	$508K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5152	−0.621%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0304%	1h	0.5192	+0.156%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5160	−0.461%	$638K	$576K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5190	+0.118%	$373K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0516%	1h	0.5154	−0.575%	$351K	$312K	25x	as long as short