Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Variational Omni+7.510%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 7.510% dearer against Variational Omni than usual: you sell high and buy low (spread +7.510% now, against zero (this spread has no 7-day history yet)): +$751 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	0.5153	0.0100	pay 0.0050% / 4h	2h 02m	$221K	$241K	—
Short	Reya JTORUSDPERP	0.5540	0	get 0.0000% / 1h	2m 22s	—	—	—

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 +7.510%Rate

Funding earned: −$21
Price spread: +7.510% → 0.000%: $751.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $724.01
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 47 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, 47 min ago	4.82 bp	doesn't fit	56.9 bp −$569	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
Gate JTO_USDT	−0.0194%	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 JTORUSDPERPshort	0.0000%	1h	0.5540	+7.510%	—	—	—
Deribit JTO_USDC-PERPETUAL	0.0000%	1h	0.5141	−0.225%	$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	0.5139	−0.264%	$3.8M	$9.6M	50x	as long as short
Paradex JTO-USD-PERP	+0.0084%	8h	0.5139	−0.259%	$492	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5148	−0.099%	$115K	$236K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5150	−0.052%	$7.0M	$3.0M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5142	−0.215%	$122K	$220K	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	0.5139	−0.265%	$11.1M	$27.9M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5141	−0.225%	$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	0.5141	−0.225%	$6.0M	$3.6M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5142	−0.204%	$1.5M	$612K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5142	−0.206%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5141	−0.225%	—	$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
Extended JTO-USD	+0.0104%	1h	0.5140	−0.248%	$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	+0.0264%	1h	0.5150	−0.058%	$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_JTOUSD	+0.0480%	1h	0.5153	+0.015%	$344K	$347K	25x	as long as short