Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0439%/8h= +48.1% APRpaid last 24h +0.146%

Price spread now: Variational Omni against Deribit−0.656%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Variational Omni

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. Variational Omni is 0.656% cheaper against Deribit than usual: you would sell low and buy high (spread −0.656% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$66 on $10k: about 5.0 days of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JTO_USDC-PERPETUAL	0.5087	−0.0339	get 0.0042% / 1h	18m 07s	$13K	$30K	10x
Short	Variational Omni JTO	0.5054	0.0100	get 0.0050% / 4h	18m 07s	$216K	$229K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now −0.656%Rate

Funding earned: $92.27
Price spread: −0.656% → 0.000%: −$65.63
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $19.65
Costs to cover: 0.070%
Break-even: 5.5 days

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 21 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 Deribit no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 21 min ago	4.93 bp	doesn't fit	64.1 bp −$641	doesn't fit	doesn't fit

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-PERPETUALlong	−0.0339%	1h	0.5087	long leg	$13K	$30K	10x
Gate JTO_USDT	−0.0039%	8h	0.5085	−0.039%	$881K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5081	−0.118%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+8.896%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.241%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0035%	8h	0.5082	−0.103%	$487	$10	5x	as long as short
Bybit JTOUSDT	+0.0053%	4h	0.5087	0.000%	$6.8M	$14.3M	50x	as long as short
Lighter JTO	+0.0096%	1h	0.5091	+0.085%	$114K	$243K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5094	+0.132%	$6.9M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5090	+0.060%	$119K	$230K	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	0.5085	−0.039%	$10.8M	$28.6M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5083	−0.079%	$3.7M	$9.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5073	−0.267%	$55K	−$0	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5085	−0.039%	$6.0M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5088	+0.028%	$1.5M	$588K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5085	−0.039%	$2.3M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5087	0.000%	—	$8.6M	—	as long as short
Variational Omni JTOshort	+0.0100%	4h	0.5054	−0.656%	$216K	$229K	—
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5087	0.000%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5084	−0.066%	$519K	$2.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0134%	1h	0.5093	+0.118%	$244K	$325K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5089	+0.045%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5070	−0.334%	$586K	$561K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5091	+0.079%	$57K	$133K	25x	as long as short
Phoenix JTO	+0.0472%	1h	0.5066	−0.413%	$369K	$123K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0845%	1h	0.5091	+0.082%	$323K	$371K	25x	as long as short