The eye resets daily. I'd recommend getting your dailies and main maw quests done first, then elites/bonus objectives. I learned this the hard way when I was killing rares and objectives. I missed out on two dailies because of the debuff.

What time does eye of jailer reset?

You can generally hit Eye of the Jailer 5 off nothing but Rares and Elites Rares in about 30-60 minutes depending on what time of day you're in the Maw.

Does eye of jailer reset daily?

The Eye of the Jailer threat levels are reset daily, at the daily reset. Currently in the Alpha, you can talk to Ve'nari to have your threat levels reset to simulate a new day. Currently on the Shadowlands Alpha, you can explore the Maw as a max level content zone.