Funding you earn now, next payment 02:00 UTC−0.0237%/8h= −26.0% APRnext payment −$0.30 per $10,000 · paid last 24h −0.239%
Price spread now: Deribit against Backpack−0.091%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$7 a day on $10k at the current rate, and Deribit is 0.091% cheaper against Backpack than usual: you would sell low and buy high (−$9 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 | 0.5165 | 0.0100 | pay 0.0013% / 1h | 31m 50s | $265K | $452K | 10x |
| Short | Deribit JTO_USDC-PERPETUAL | 0.5160 | −0.0137 | pay 0.0017% / 1h | 31m 50s | $13K | $10K | 10x |
Backpack JTO_USDC_PERP
Deribit JTO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$49.86
- Price spread: −0.091% → 0.000%
- −$9.1
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$75.96
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 37 min ago; Deribit: 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, 37 min ago | 0.10 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 25 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-PERPETUALshort | −0.0137% | 1h | 0.5160 | −0.091% | $13K | $10K | 10x | |
| Gate JTO_USDT | −0.0103% | 8h | 0.5156 | −0.168% | $911K | $1.1M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5154 | −0.207% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.259% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.712% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0052% | 4h | 0.5153 | −0.227% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0074% | 8h | 0.5148 | −0.330% | $514 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5159 | −0.110% | $4K | $872 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5164 | −0.021% | $130K | $223K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5159 | −0.110% | $127K | $223K | 10x | as long as short |
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
Aster JTOUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5151 | −0.265% | $11.4M | $27.7M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5155 | −0.188% | $7.5M | $13.5M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5092 | −1.408% | $55K | $15K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5159 | −0.110% | $6.8M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5158 | −0.128% | $1.6M | $579K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5158 | −0.130% | $2.4M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5157 | −0.149% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0100% | 1h | 0.5165 | long leg | $265K | $452K | 10x | |
| Variational Omni JTO | +0.0100% | 4h | 0.5129 | −0.697% | $223K | $296K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5154 | −0.205% | $523K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5162 | −0.058% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5147 | −0.343% | $59K | $137K | 25x | as long as short |
| Hyperliquid JTO | +0.0462% | 1h | 0.5167 | +0.046% | $7.2M | $3.1M | 5x | as long as short |
| Phoenix JTO | +0.0466% | 1h | 0.5143 | −0.420% | $380K | $114K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0768% | 1h | 0.5164 | −0.020% | $348K | $307K | 25x | as long as short |
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
Hyperliquid JTO
Phoenix JTO
Kraken Futures PF_JTOUSD