Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2081%/8h= +227.9% APRpaid last 24h +0.573%

Price spread now: GMX against Variational Omni−0.402%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on GMX

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

Funding pays, the price is against you. GMX is 0.402% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.402% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 15 hours of funding at the current rate (+$62 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JTO	0.5158	0.0100	pay 0.0050% / 4h	1h 57m	$224K	$288K	—
Short	GMX JTO/USD [WBTC.b-USDC]	0.5137	L +0.0224% / S −0.2181%	get 0.0273% / 1h	57m 06s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now −0.402%Rate

Funding earned: $436.99
Price spread: −0.402% → 0.000%: −$40.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $384.78
Costs to cover: 0.120%
Break-even: 0.8 days

Slippage unknown: Variational Omni: RFQ quote, 7 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 Variational Omni RFQ quote, 7 min ago	4.85 bp	doesn't fit	63.1 bp −$631	doesn't fit	doesn't fit
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 25 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
Deribit JTO_USDC-PERPETUAL	−0.0529%	1h	0.5134	−0.467%	$13K	$10K	10x	as long as short
Gate JTO_USDT	−0.0228%	8h	0.5135	−0.448%	$904K	$993K	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5142	−0.312%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.392%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.588%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0082%	8h	0.5130	−0.546%	$512	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5135	−0.448%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5141	−0.335%	$118K	$227K	10x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5133	−0.487%	$3.9M	$9.2M	50x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5142	−0.317%	$7.0M	$3.3M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5137	−0.405%	$126K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5133	−0.487%	$11.3M	$27.2M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5137	−0.409%	$7.5M	$13.4M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5135	−0.448%	$6.5M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5140	−0.351%	$1.6M	$570K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5137	−0.409%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5138	−0.390%	—	$68.0M	—	as long as short
Variational Omni JTOlong	+0.0100%	4h	0.5158	long leg	$224K	$288K	—
Bulk JTO-USD	+0.0100%	1h	0.5136	−0.428%	$56K	$15K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5133	−0.490%	$518K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]short	L +0.0224% / S −0.2181%	1h	0.5137	−0.402%	$2K	—	50x
Backpack JTO_USDC_PERP	+0.0254%	1h	0.5142	−0.314%	$267K	$338K	10x	as long as short
Coinbase International JTO-PERP-INTX	+0.0336%	1h	0.5179	+0.405%	$60K	$135K	25x	as long as short
Phoenix JTO	+0.0466%	1h	0.5169	+0.211%	$382K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0677%	1h	0.5144	−0.274%	$346K	$306K	25x	as long as short