Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h −0.098%
Price spread now: BingX against Backpack−0.010%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$540.537% of the position
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.010%, 7d avg −0.135%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.125% dearer against Backpack than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.135%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5134 | 0.0106 | pay 0.0013% / 1h | 34m 47s | $225K | $472K | 10x |
| Short | BingX JTO-USDT | 0.5134 | 0.0100 | get 0.0050% / 4h | 34m 47s | — | $67.9M | — |
Backpack JTO_USDC_PERP
BingX JTO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.16
- Price spread: −0.010% → −0.135%
- $12.49
- Slippage, 4 orders
- −$33.67
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$42.34
- Costs to cover
- 0.537%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 44 min ago; BingX: live order book, 4 min ago.
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 Backpack live order book, 44 min ago | 0.68 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 1.94 bp | 13.6 bp −$14 | 29.4 bp −$294 | 185.9 bp −$18.6K | 552.1 bp −$276.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0530% | 1h | 0.5127 | −0.146% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0171% | 8h | 0.5139 | +0.088% | $906K | $1.4M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0007% | 4h | 0.5128 | −0.127% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0007% | 8h | 0.5126 | −0.157% | $512 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5134 | −0.010% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.882% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.145% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0068% | 1h | 0.5153 | +0.360% | $56K | $1K | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5140 | +0.097% | $107K | $182K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5140 | +0.099% | $7.2M | $3.1M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bulk JTO-USD
Lighter JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5136 | +0.039% | $172K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5129 | −0.107% | $11.4M | $28.0M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5132 | −0.049% | $7.4M | $13.8M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5129 | −0.107% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5137 | +0.045% | $1.6M | $631K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5127 | −0.146% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDTshort | +0.0100% | 4h | 0.5134 | −0.010% | — | $67.9M | — | |
| Variational Omni JTO | +0.0100% | 4h | 0.5141 | +0.125% | $226K | $303K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5129 | −0.107% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5135 | +0.010% | $521K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0106% | 1h | 0.5134 | long leg | $225K | $472K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5131 | −0.070% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0225% | 1h | 0.5139 | +0.086% | $347K | $312K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5172 | +0.730% | $57K | $116K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5134 | −0.010% | $630K | $613K | 75x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5156 | +0.419% | $370K | $266K | 5x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO