Funding you earn now, next payment 11:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.103%
Price spread now: Injective against Backpack−0.199%72s7-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 −$2 a day on $10k at the current rate, and Injective is 0.199% cheaper against Backpack than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.4983 | 0.0100 | pay 0.0013% / 1h | 31m 57s | $222K | $355K | 10x |
| Short | Injective JTO/USDC PERP | 0.4973 | 0.0033 | get 0.0004% / 1h | 31m 57s | $31 | $43K | 5.5x |
Backpack JTO_USDC_PERP
Injective JTO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −0.199% → 0.000%
- −$19.87
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$43.89
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 15 min ago; Injective: 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, 15 min ago | 0.10 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 exchanges
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 | −0.0954% | 1h | 0.4978 | −0.098% | $22K | $41K | 10x | as long as short |
| Kraken Futures PF_JTOUSD | −0.0321% | 1h | 0.4978 | −0.092% | $316K | $418K | 25x | as long as short |
| Bybit JTOUSDT | −0.0125% | 4h | 0.4982 | −0.018% | $6.3M | $13.2M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0013% | 8h | 0.4979 | −0.076% | $477 | $10 | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.4985 | +0.037% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +11.169% | — | — | — | as long as short |
| Injective JTO/USDC PERPshort | +0.0033% | 1h | 0.4973 | −0.199% | $31 | $43K | 5.5x | |
| Lighter JTO | +0.0096% | 1h | 0.4985 | +0.046% | $112K | $206K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.4985 | +0.042% | $6.7M | $2.8M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.4982 | −0.014% | $115K | $206K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Kraken Futures PF_JTOUSD
Bybit JTOUSDT
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.4979 | −0.078% | $10.3M | $26.0M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.4979 | −0.078% | $3.7M | $9.1M | 50x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.4979 | −0.078% | $875K | $881K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.4978 | −0.098% | $6.0M | $3.1M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.4980 | −0.050% | $1.4M | $596K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.4979 | −0.078% | $2.2M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.4979 | −0.078% | — | $8.3M | — | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0100% | 1h | 0.4983 | long leg | $222K | $355K | 10x | |
| Variational Omni JTO | +0.0100% | 4h | 0.5017 | +0.689% | $217K | $191K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.4981 | −0.038% | $4K | $1K | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5019 | +0.724% | $54K | $772 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.4979 | −0.069% | $514K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5010 | +0.543% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0316% | 1h | 0.5030 | +0.945% | $355K | $122K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.4980 | −0.058% | $569K | $516K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5002 | +0.383% | $55K | $126K | 25x | as long as short |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX