Funding arb · Price arb /

JTO

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Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.2181%/8h= +238.8% APRnext payment +$2.73 per $10,000 · paid last 24h —

Price spread now: GMX against Reya−9.626%175s7-day average — · you buy dearer than you sell

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

Long on Reya Short on GMX

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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 9.626% cheaper against Reya than usual: you would sell low and buy high (spread −9.626% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$963 on $10k: about 15 days of funding at the current rate (+$65 a day). The two prices were read 175 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JTORUSDPERP	0.5539	0	get 0.0000% / 1h	2m 56s	—	—	—
Short	GMX JTO/USD [WBTC.b-USDC]	0.5006	L +0.0223% / S −0.2181%	get 0.0273% / 1h	2m 56s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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 ReyabpFee GMXbpOrdersPrice spread, now −9.626%Rate

Funding earned: $457.99
Price spread: −9.626% → 0.000%: −$962.59
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$522.6
Costs to cover: 0.180%
Break-even: 15.0 days

Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya and 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 exchanges

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	−0.0549%	1h	0.5001	−9.719%	$22K	$41K	10x	as long as short
Kraken Futures PF_JTOUSD	−0.0320%	1h	0.5000	−9.733%	$315K	$421K	25x	as long as short
Bybit JTOUSDT	−0.0143%	4h	0.5002	−9.701%	$6.3M	$12.9M	50x	as long as short
Paradex JTO-USD-PERP	−0.0068%	8h	0.5001	−9.724%	$479	$10	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5005	−9.652%	$3K	$5K	5x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5539	long leg	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−10.224%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0051%	4h	0.4999	−9.755%	$3.7M	$9.2M	50x	as long as short
Lighter JTO	+0.0096%	1h	0.5007	−9.614%	$112K	$206K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5010	−9.550%	$6.8M	$2.8M	5x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5004	−9.665%	$115K	$206K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5000	−9.737%	$10.3M	$25.6M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5000	−9.737%	$54K	$1K	10x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5003	−9.683%	$877K	$905K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5000	−9.737%	$6.1M	$3.1M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5004	−9.659%	$1.3M	$586K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5003	−9.683%	$2.2M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5001	−9.719%	—	$8.3M	—	as long as short
Backpack JTO_USDC_PERP	+0.0100%	1h	0.5006	−9.630%	$222K	$353K	10x	as long as short
Variational Omni JTO	+0.0100%	4h	0.5002	−9.706%	$218K	$191K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5000	−9.737%	$4K	$1K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.4998	−9.766%	$511K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]short	L +0.0223% / S −0.2181%	1h	0.5006	−9.626%	$2K	—	50x
Phoenix JTO	+0.0316%	1h	0.5012	−9.520%	$353K	$122K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5000	−9.737%	$563K	$512K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5016	−9.448%	$53K	$116K	25x	as long as short