Funding you earn now, next payment 03:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.099%
Price spread now: Bulk against Backpack−0.537%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bulk is 0.537% cheaper against Backpack than usual: you would sell low and buy high (−$54 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5185 | 0.0127 | pay 0.0016% / 1h | 19m 56s | $268K | $326K | 10x |
| Short | Bulk JTO-USD | 0.5157 | 0.0100 | get 0.0013% / 1h | 19m 56s | $56K | $15K | 10x |
Backpack JTO_USDC_PERP
Bulk JTO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$5.6
- Price spread: −0.537% → 0.000%
- −$53.73
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$76.33
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 44 min ago; Bulk: 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 Backpack live order book, 44 min ago | 0.10 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk no order-book sample | — | — | — | — | — |
Bulk: 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 | −0.0349% | 8h | 0.5183 | −0.039% | $903K | $1.0M | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0329% | 1h | 0.5181 | −0.077% | $13K | $10K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5189 | +0.076% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.834% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.089% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0082% | 8h | 0.5184 | −0.026% | $517 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5182 | −0.058% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5189 | +0.077% | $119K | $228K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5186 | +0.019% | $7.1M | $3.3M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5184 | −0.020% | $127K | $219K | 10x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5178 | −0.135% | $11.3M | $27.2M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5181 | −0.077% | $7.3M | $13.8M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5178 | −0.135% | $3.9M | $9.3M | 50x | as long as short |
| Bulk JTO-USDshort | +0.0100% | 1h | 0.5157 | −0.537% | $56K | $15K | 10x | |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5179 | −0.116% | $6.7M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5186 | +0.025% | $1.6M | $586K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5181 | −0.077% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5181 | −0.077% | — | $68.0M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5191 | +0.107% | $225K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5177 | −0.163% | $520K | $1.7M | 10x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0127% | 1h | 0.5185 | long leg | $268K | $326K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5182 | −0.052% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0336% | 1h | 0.5197 | +0.231% | $60K | $135K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5186 | +0.019% | $620K | $509K | 75x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5198 | +0.251% | $384K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0672% | 1h | 0.5189 | +0.068% | $346K | $309K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
OKX JTO-USDT-SWAP
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
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD