Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0381%/8h= +41.7% APRpaid last 24h +0.068%

Price spread now: Kraken Futures against Variational Omni−0.012%7-day average +0.076% · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.313%+$31 on $10k

Price spread, last 4 days (all we have)+0.277%+$28 · spread now −0.012%, 7d avg +0.076%

Together, before fees+0.590%+ Points / potential airdropVariational Omni: Active · farm board+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.089% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.076%). If the spread goes back, that is −$9 on $10k: about 19 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JTO	0.5153	0.0100	pay 0.0050% / 4h	2h 01m	$221K	$241K	—
Short	Kraken Futures PF_JTOUSD	0.5152	0.0481	get 0.0060% / 1h	1m 36s	$344K	$347K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.012%Rate

Funding earned: $79.92
Price spread: −0.012% → +0.076%: −$8.88
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $61.04
Costs to cover: 0.100%
Break-even: 1.7 days

Slippage unknown: Variational Omni: RFQ quote, 47 min ago; Kraken Futures: live order book, 46 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, 47 min ago	4.82 bp	doesn't fit	56.9 bp −$569	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 46 min ago	26.13 bp	51.2 bp −$51	263.0 bp −$2,630	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	0.5139	−0.264%	$904K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5138	−0.282%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.513%	—	—	—	as long as short
Deribit JTO_USDC-PERPETUAL	0.0000%	1h	0.5140	−0.245%	$13K	$30K	10x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.486%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0076%	4h	0.5136	−0.322%	$3.8M	$9.6M	50x	as long as short
Paradex JTO-USD-PERP	+0.0085%	8h	0.5136	−0.313%	$492	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5147	−0.107%	$115K	$236K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5141	−0.224%	$122K	$220K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5138	−0.279%	$11.2M	$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 JTOUSDT	+0.0100%	4h	0.5140	−0.245%	$7.0M	$14.2M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5137	−0.303%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5139	−0.264%	$6.0M	$3.6M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5141	−0.215%	$1.5M	$612K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5141	−0.225%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5139	−0.264%	—	$8.6M	—	as long as short
Variational Omni JTOlong	+0.0100%	4h	0.5153	long leg	$221K	$241K	—
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5140	−0.245%	$4K	$652	10x	as long as short
Hyperliquid JTO	+0.0101%	1h	0.5149	−0.072%	$7.0M	$3.0M	5x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5137	−0.301%	$518K	$2.2M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5140	−0.244%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0270%	1h	0.5147	−0.109%	$265K	$307K	10x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5142	−0.206%	$602K	$542K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5159	+0.124%	$59K	$133K	25x	as long as short
Phoenix JTO	+0.0464%	1h	0.5148	−0.089%	$380K	$118K	5x	as long as short
Kraken Futures PF_JTOUSDshort	+0.0481%	1h	0.5152	−0.012%	$344K	$347K	25x