Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Bybit against Variational Omni+0.244%7-day average −0.019% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.059%−$6 on $10k

Price spread, last 3 days (all we have)−0.494%−$49 · spread now +0.244%, 7d avg −0.019%

Together, before fees−0.553%+ Points / potential airdropVariational Omni: Active · farm board−$55 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: Bybit is 0.263% dearer against Variational Omni than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JTO	0.5176	0.0100	pay 0.0050% / 4h	2h 09m	$183K	$259K	—
Short	Bybit JTOUSDT	0.5189	0.0100	get 0.0050% / 4h	2h 09m	$7.6M	$13.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.244%Rate

Funding earned: $0
Price spread: +0.244% → −0.019%: $26.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $15.29
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 14 min ago; Bybit: live order book, 8 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, 14 min ago	6.75 bp	doesn't fit	24.1 bp −$241	doesn't fit	doesn't fit
Sell Bybit live order book, 8 min ago	1.93 bp	28.0 bp −$28	68.6 bp −$686	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
Deribit JTO_USDC-PERPETUAL	−0.0906%	1h	0.5184	+0.147%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0164%	8h	0.5184	+0.147%	$938K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0082%	4h	0.5180	+0.070%	$3.9M	$9.9M	50x	as long as short
Paradex JTO-USD-PERP	−0.0015%	8h	0.5176	−0.015%	$517	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5177	+0.012%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.013%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.929%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5189	+0.238%	$100K	$184K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5187	+0.204%	$174K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5181	+0.092%	$11.6M	$27.9M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JTOUSDTshort	+0.0100%	4h	0.5189	+0.244%	$7.6M	$13.6M	50x
Bulk JTO-USD	+0.0100%	1h	0.5165	−0.220%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5183	+0.128%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5189	+0.234%	$1.5M	$610K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5184	+0.147%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5183	+0.128%	—	$63.5M	—	as long as short
Variational Omni JTOlong	+0.0100%	4h	0.5176	long leg	$183K	$259K	—
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5183	+0.128%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5182	+0.104%	$526K	$854K	10x	as long as short
Hyperliquid JTO	+0.0121%	1h	0.5195	+0.364%	$7.3M	$3.1M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5190	+0.268%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5193	+0.321%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5169	−0.142%	$643K	$576K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0356%	1h	0.5190	+0.256%	$264K	$501K	10x	as long as short
Phoenix JTO	+0.0463%	1h	0.5198	+0.418%	$374K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0606%	1h	0.5188	+0.225%	$353K	$312K	25x	as long as short