Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.100%
Price spread now: Lighter against Backpack+0.021%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$840.839% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now +0.021%, 7d avg −0.022%
=Together, before fees+0.002%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.043% dearer against Backpack than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5163 | 0.0100 | pay 0.0013% / 1h | 7m 52s | $267K | $423K | 10x |
| Short | Lighter JTO | 0.5164 | 0.0096 | get 0.0012% / 1h | 7m 52s | $119K | $234K | 10x |
Backpack JTO_USDC_PERP
Lighter JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.021% → −0.022%
- $4.35
- Slippage, 4 orders
- −$73.91
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$80.4
- Costs to cover
- 0.839%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 61 min ago; Lighter: live order book, 42 min ago.
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, 61 min ago | 0.10 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 42 min ago | 8.25 bp | 29.6 bp −$30 | 69.1 bp −$691 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0199% | 8h | 0.5156 | −0.130% | $909K | $1.1M | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0138% | 1h | 0.5157 | −0.110% | $13K | $10K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5142 | −0.400% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.297% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.674% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0068% | 4h | 0.5162 | −0.014% | $3.9M | $9.3M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0078% | 8h | 0.5138 | −0.471% | $513 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5156 | −0.130% | $4K | $872 | 10x | as long as short |
| Lighter JTOshort | +0.0096% | 1h | 0.5164 | +0.021% | $119K | $234K | 10x | |
| Aster JTOUSDT | +0.0100% | 4h | 0.5158 | −0.094% | $127K | $222K | 10x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Aster JTOUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5162 | −0.014% | $11.3M | $27.6M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5165 | +0.045% | $7.6M | $13.5M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5159 | −0.072% | $6.6M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5160 | −0.054% | $1.6M | $579K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5164 | +0.025% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5163 | +0.006% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0100% | 1h | 0.5163 | long leg | $267K | $423K | 10x | |
| Variational Omni JTO | +0.0100% | 4h | 0.5169 | +0.114% | $224K | $294K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5141 | −0.425% | $56K | $15K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5157 | −0.101% | $520K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5155 | −0.147% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5179 | +0.316% | $60K | $137K | 25x | as long as short |
| Hyperliquid JTO | +0.0387% | 1h | 0.5170 | +0.147% | $7.1M | $3.2M | 5x | as long as short |
| Phoenix JTO | +0.0466% | 1h | 0.5178 | +0.296% | $382K | $114K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0769% | 1h | 0.5160 | −0.059% | $347K | $306K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
Hyperliquid JTO
Phoenix JTO
Kraken Futures PF_JTOUSD