Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h −0.021%
Price spread now: BloFin against Backpack−0.149%7-day average −0.198% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days+0.281%+$28 on $10k
+Price spread, last 4 days (all we have)−0.167%−$17 · spread now −0.149%, 7d avg −0.198%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.049% dearer against Backpack than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.198%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5159 | 0.0100 | pay 0.0013% / 1h | 28m 41s | $268K | $316K | 10x |
| Short | BloFin JTO-USDT | 0.5151 | 0.0340 | get 0.0170% / 4h | 28m 41s | $614K | $506K | 75x |
Backpack JTO_USDC_PERP
BloFin JTO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $50.4
- Price spread: −0.149% → −0.198%
- $4.86
- Slippage, 4 orders
- −$41.06
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$7.8
- Costs to cover
- 0.631%
- Break-even
- 8.1 days
Slippage from Backpack: live order book, 30 min ago; BloFin: live order book, 8 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, 30 min ago | 0.10 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 7.81 bp | 20.2 bp −$20 | 35.3 bp −$353 | 121.8 bp −$12.2K | doesn't fit |
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 | −0.0525% | 1h | 0.5156 | −0.052% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0414% | 8h | 0.5151 | −0.149% | $895K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5148 | −0.207% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.383% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.600% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0067% | 4h | 0.5146 | −0.246% | $3.9M | $9.4M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0076% | 8h | 0.5150 | −0.178% | $514 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5155 | −0.072% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5153 | −0.118% | $118K | $226K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5153 | −0.103% | $7.0M | $3.1M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
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 | 0.5151 | −0.158% | $126K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5148 | −0.207% | $11.3M | $27.5M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5150 | −0.169% | $7.1M | $14.0M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5126 | −0.633% | $56K | $17K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5150 | −0.169% | $6.3M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5150 | −0.165% | $1.5M | $600K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5146 | −0.246% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5144 | −0.285% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0100% | 1h | 0.5159 | long leg | $268K | $316K | 10x | |
| Variational Omni JTO | +0.0100% | 4h | 0.5152 | −0.128% | $223K | $287K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5148 | −0.216% | $518K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5158 | −0.019% | $2K | — | 50x | as long as short |
| BloFin JTO-USDTshort | +0.0340% | 4h | 0.5151 | −0.149% | $614K | $506K | 75x | |
| Coinbase International JTO-PERP-INTX | +0.0416% | 1h | 0.5165 | +0.122% | $58K | $137K | 25x | as long as short |
| Phoenix JTO | +0.0469% | 1h | 0.5146 | −0.246% | $380K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0728% | 1h | 0.5162 | +0.067% | $337K | $313K | 25x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD