Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.2081%/8h= +227.9% APRpaid last 24h +0.624%

Price spread now: GMX against BingX−0.031%7-day average — · you buy dearer than you sell

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.031% cheaper against BingX than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$62 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JTO-USDT	0.5046	0.0100	pay 0.0050% / 4h	3h 32m	—	$8.6M	—
Short	GMX JTO/USD [WBTC.b-USDC]	0.5044	L +0.0223% / S −0.2181%	get 0.0273% / 1h	32m 38s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $436.99
Price spread: −0.031% → 0.000%: −$3.09
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $411.9
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: BingX: live order book, 5 min ago; GMX: 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 BingX live order book, 5 min ago	3.94 bp	13.8 bp −$14	29.6 bp −$296	248.0 bp −$24.8K	607.2 bp −$303.6K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Bybit JTOUSDT	−0.0182%	4h	0.5049	+0.059%	$6.7M	$14.3M	50x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0146%	1h	0.5053	+0.139%	$12K	$30K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5057	+0.222%	$3K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+9.781%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0029%	8h	0.5051	+0.105%	$484	$10	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−1.447%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5056	+0.204%	$113K	$240K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5058	+0.240%	$6.8M	$3.0M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5052	+0.113%	$118K	$233K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5045	−0.014%	$10.6M	$28.4M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5048	+0.040%	$3.7M	$9.7M	50x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5048	+0.040%	$874K	$930K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5047	+0.020%	$6.2M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5052	+0.113%	$1.4M	$659K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5053	+0.139%	$2.3M	$2.3M	50x	as long as short
BingX JTO-USDTlong	+0.0100%	4h	0.5046	long leg	—	$8.6M	—
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5061	+0.301%	$246K	$322K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5069	+0.449%	$217K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5047	+0.020%	$4K	$918	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5071	+0.495%	$55K	−$0	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5045	−0.026%	$516K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]short	L +0.0223% / S −0.2181%	1h	0.5044	−0.031%	$2K	—	50x
Phoenix JTO	+0.0313%	1h	0.5064	+0.357%	$369K	$128K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5040	−0.119%	$577K	$558K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5052	+0.119%	$57K	$135K	25x	as long as short
Kraken Futures PF_JTOUSD	+0.0769%	1h	0.5064	+0.356%	$335K	$384K	25x	as long as short