JTO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.24 per $10,000 · paid last 24h −0.021%

Price spread now: Coinbase International against Backpack+0.970%7-day average +0.219% · you sell dearer than you buy

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

Long on Backpack Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 3 days (all we have)−0.886%−$89 · spread now +0.970%, 7d avg +0.219%

Together, before fees−0.649%−$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.751% dearer against Backpack than usual: you sell high and buy low: +$75 more if the spread goes back to its 7-day average of +0.219%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack JTO_USDC_PERP	0.5122	0.0107	pay 0.0013% / 1h	33m 54s	$224K	$472K	10x
Short	Coinbase International JTO-PERP-INTX	0.5172	0.0296	get 0.0037% / 1h	33m 54s	$57K	$116K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Backpack. 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 BackpackbpFee Coinbase InternationalbpOrdersPrice spread, now +0.970%Rate

Funding earned: $39.64
Price spread: +0.970% → +0.219%: $75.12
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $94.75
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Backpack: live order book, 45 min ago; Coinbase International: live order book, 44 min ago. 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, 45 min ago	0.68 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 44 min ago	17.59 bp	doesn't fit	doesn't fit	doesn't fit	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	−0.0531%	1h	0.5116	−0.123%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0174%	8h	0.5118	−0.084%	$902K	$1.5M	75x	as long as short
Paradex JTO-USD-PERP	−0.0007%	8h	0.5126	+0.081%	$512	—	5x	as long as short
OKX JTO-USDT-SWAP	−0.0004%	4h	0.5120	−0.045%	$3.9M	$9.5M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5134	+0.228%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+8.140%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.915%	$31	$43K	5.5x	as long as short
Bulk JTO-USD	+0.0068%	1h	0.5153	+0.599%	$56K	$1K	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5124	+0.043%	$107K	$182K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5130	+0.156%	$7.1M	$3.2M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5120	−0.044%	$172K	$177K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5119	−0.064%	$11.4M	$28.0M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5125	+0.053%	$7.4M	$13.9M	50x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5117	−0.103%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5126	+0.070%	$1.6M	$631K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5125	+0.053%	$2.5M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5122	−0.006%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5141	+0.363%	$226K	$303K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5117	−0.103%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5114	−0.161%	$521K	$854K	10x	as long as short
Backpack JTO_USDC_PERPlong	+0.0107%	1h	0.5122	long leg	$224K	$472K	10x
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5119	−0.062%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSD	+0.0226%	1h	0.5122	−0.011%	$346K	$312K	25x	as long as short
Coinbase International JTO-PERP-INTXshort	+0.0296%	1h	0.5172	+0.970%	$57K	$116K	25x
BloFin JTO-USDT	+0.0340%	4h	0.5134	+0.228%	$630K	$613K	75x	as long as short
Phoenix JTO	+0.0465%	1h	0.5156	+0.658%	$370K	$266K	5x	as long as short