Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0124%/8h= −13.5% APRpaid last 24h −0.053%

Price spread now: Bybit against GMX+0.062%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Bybit

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—needs both histories

The price spread pays, funding is against you. Bybit is 0.062% dearer against GMX than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JTO/USD [WBTC.b-USDC]	0.5136	L +0.0224% / S −0.2181%	pay 0.0028% / 1h	44m 05s	$2K	—	50x
Short	Bybit JTOUSDT	0.5139	0.0100	get 0.0050% / 4h	2h 44m	$7.5M	$13.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GMX. 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 GMXbpFee BybitbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$25.97
Price spread: +0.062% → 0.000%: $6.15
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$42.82
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 4 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 GMX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.97 bp	27.4 bp −$27	80.9 bp −$809	628.7 bp −$62.9K	doesn't fit

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
dYdX JTO-USD	0.0000%	1h	0.5119	−0.328%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+7.860%	—	—	—	as long as short
Deribit JTO_USDC-PERPETUAL	0.0000%	1h	0.5139	+0.062%	$13K	$10K	10x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.171%	$31	$43K	5.5x	as long as short
Gate JTO_USDT	+0.0046%	8h	0.5131	−0.094%	$906K	$1.1M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0046%	4h	0.5135	−0.016%	$3.9M	$9.4M	50x	as long as short
Paradex JTO-USD-PERP	+0.0066%	8h	0.5114	−0.423%	$510	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5134	−0.036%	$4K	$872	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5142	+0.130%	$107K	$200K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5135	−0.009%	$128K	$223K	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	0.5135	−0.016%	$11.3M	$27.7M	75x	as long as short
Bybit JTOUSDTshort	+0.0100%	4h	0.5139	+0.062%	$7.5M	$13.5M	50x
Bulk JTO-USD	+0.0100%	1h	0.5132	−0.074%	$56K	$15K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5133	−0.055%	$6.9M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5135	−0.024%	$1.6M	$579K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5138	+0.042%	$2.4M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5135	−0.016%	—	$68.0M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5141	+0.091%	$257K	$452K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5131	−0.100%	$223K	$296K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5134	−0.038%	$520K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]long	L +0.0224% / S −0.2181%	1h	0.5136	long leg	$2K	—	50x
Coinbase International JTO-PERP-INTX	+0.0264%	1h	0.5134	−0.036%	$60K	$135K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5133	−0.055%	$622K	$568K	75x	as long as short
Phoenix JTO	+0.0466%	1h	0.5137	+0.023%	$379K	$114K	5x	as long as short
Hyperliquid JTO	+0.0525%	1h	0.5144	+0.159%	$7.2M	$3.1M	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0772%	1h	0.5141	+0.095%	$347K	$307K	25x	as long as short