Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0431%/8h= −47.2% APRpaid last 24h −0.147%

Price spread now: Deribit against Variational Omni+0.106%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 Deribit

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.106% dearer against Variational Omni than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JTO	0.5154	0.0100	pay 0.0050% / 4h	24m 31s	$223K	$267K	—
Short	Deribit JTO_USDC-PERPETUAL	0.5159	−0.0331	pay 0.0041% / 1h	24m 31s	$13K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$90.55
Price spread: +0.106% → 0.000%: $10.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$86.96
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 34 min ago; Deribit: 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, 34 min ago	4.90 bp	doesn't fit	63.7 bp −$637	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0397%	8h	0.5155	+0.028%	$896K	$1.0M	75x	as long as short
Deribit JTO_USDC-PERPETUALshort	−0.0331%	1h	0.5159	+0.106%	$13K	$10K	10x
dYdX JTO-USD	0.0000%	1h	0.5159	+0.105%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.489%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.503%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0078%	8h	0.5156	+0.047%	$515	—	5x	as long as short
OKX JTO-USDT-SWAP	+0.0079%	4h	0.5152	−0.030%	$3.9M	$9.4M	50x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5158	+0.086%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5158	+0.077%	$118K	$226K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5165	+0.214%	$7.0M	$3.0M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5159	+0.098%	$126K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5154	+0.009%	$11.3M	$27.5M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5153	−0.011%	$7.2M	$14.0M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5151	−0.049%	$56K	$17K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5157	+0.067%	$6.3M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5159	+0.106%	$1.5M	$600K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5156	+0.048%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5151	−0.049%	—	$68.0M	—	as long as short
Variational Omni JTOlong	+0.0100%	4h	0.5154	long leg	$223K	$267K	—
Extended JTO-USD	+0.0104%	1h	0.5151	−0.040%	$518K	$1.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0117%	1h	0.5162	+0.170%	$269K	$316K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5161	+0.148%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5150	−0.069%	$619K	$506K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0416%	1h	0.5172	+0.358%	$59K	$137K	25x	as long as short
Phoenix JTO	+0.0469%	1h	0.5161	+0.145%	$381K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0728%	1h	0.5163	+0.176%	$337K	$313K	25x	as long as short