JTO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1526%/8h= +167.1% APRnext payment +$1.91 per $10,000 · paid last 24h +0.476%

Price spread now: GMX against Backpack−0.283%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. GMX is 0.283% cheaper against Backpack than usual: you would sell low and buy high (spread −0.283% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 15 hours of funding at the current rate (+$46 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack JTO_USDC_PERP	0.5125	0.0655	pay 0.0082% / 1h	41m 19s	$267K	$310K	10x
Short	GMX JTO/USD [WBTC.b-USDC]	0.5111	L +0.0224% / S −0.2181%	get 0.0273% / 1h	41m 19s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.283%Rate

Funding earned: $320.4
Price spread: −0.283% → 0.000%: −$28.27
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $270.13
Costs to cover: 0.220%
Break-even: 1.1 days

Slippage unknown: Backpack: live order book, 7 min ago; GMX: 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, 7 min ago	1.05 bp	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Deribit JTO_USDC-PERPETUAL	−0.0533%	1h	0.5107	−0.357%	$3K	$20K	10x	as long as short
Gate JTO_USDT	−0.0305%	8h	0.5107	−0.357%	$884K	$1.0M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0040%	4h	0.5106	−0.377%	$3.8M	$9.4M	50x	as long as short
Bybit JTOUSDT	−0.0002%	4h	0.5106	−0.377%	$7.0M	$14.1M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5115	−0.195%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+8.085%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.972%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0095%	8h	0.5106	−0.385%	$489	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5114	−0.224%	$114K	$229K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5109	−0.319%	$122K	$219K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5105	−0.396%	$11.1M	$27.8M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5125	−0.006%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5107	−0.357%	$6.0M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5111	−0.279%	$1.5M	$607K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5108	−0.338%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5107	−0.357%	—	$8.8M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5148	+0.435%	$220K	$242K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5108	−0.338%	$3K	$652	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5105	−0.401%	$515K	$2.2M	10x	as long as short
Hyperliquid JTO	+0.0113%	1h	0.5117	−0.170%	$7.0M	$3.0M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]short	L +0.0224% / S −0.2181%	1h	0.5111	−0.283%	$2K	—	50x
BloFin JTO-USDT	+0.0340%	4h	0.5106	−0.377%	$614K	$531K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5209	+1.633%	$59K	$136K	25x	as long as short
Phoenix JTO	+0.0464%	1h	0.5140	+0.287%	$379K	$118K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0484%	1h	0.5116	−0.182%	$330K	$313K	25x	as long as short
Backpack JTO_USDC_PERPlong	+0.0655%	1h	0.5125	long leg	$267K	$310K	10x