Funding you earn now, next payment 22:00 UTC−0.0249%/8h= −27.2% APRpaid last 24h −0.107%
Price spread now: OKX against Backpack−0.054%7-day average −0.168% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$630.626% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.054%, 7d avg −0.168%
=The price spread pays, funding is against you. OKX is 0.114% dearer against Backpack than usual: you sell high and buy low (spread −0.054% now, against its 7-day average of −0.168%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.186% in total) that is about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5181 | 0.0171 | pay 0.0021% / 1h | 37m 35s | $264K | $511K | 10x |
| Short | OKX JTO-USDT-SWAP | 0.5178 | −0.0078 | pay 0.0039% / 4h | 2h 37m | $3.9M | $9.9M | 50x |
Backpack JTO_USDC_PERP
OKX JTO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$52.25
- Price spread: −0.054% → −0.168%
- $11.44
- Slippage, 4 orders
- −$42.58
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$103.4
- Costs to cover
- 0.626%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 51 min ago; OKX: live order book, 6 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, 51 min ago | 1.74 bp | 15.0 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 1.94 bp | 18.3 bp −$18 | 61.9 bp −$619 | 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 | −0.0717% | 1h | 0.5165 | −0.305% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0144% | 8h | 0.5178 | −0.054% | $938K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAPshort | −0.0078% | 4h | 0.5178 | −0.054% | $3.9M | $9.9M | 50x | |
| dYdX JTO-USD | 0.0000% | 1h | 0.5182 | +0.019% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.921% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0013% | 8h | 0.5179 | −0.040% | $517 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.011% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5184 | +0.058% | $100K | $184K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5179 | −0.032% | $174K | $175K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5180 | −0.013% | $11.6M | $27.8M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Lighter JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5183 | +0.042% | $7.6M | $13.5M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5180 | −0.015% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5177 | −0.077% | $1.6M | $571K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5180 | −0.015% | $2.6M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5182 | +0.023% | — | $63.5M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5155 | −0.497% | $183K | $259K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5164 | −0.324% | $4K | $2K | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5148 | −0.633% | $56K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5179 | −0.026% | $523K | $854K | 10x | as long as short |
| Hyperliquid JTO | +0.0126% | 1h | 0.5190 | +0.170% | $7.3M | $3.2M | 5x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0171% | 1h | 0.5181 | long leg | $264K | $511K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5168 | −0.249% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5202 | +0.409% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5156 | −0.479% | $643K | $575K | 75x | as long as short |
| Phoenix JTO | +0.0463% | 1h | 0.5162 | −0.363% | $371K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0608% | 1h | 0.5169 | −0.223% | $352K | $312K | 25x | as long as short |
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
Hyperliquid JTO
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD