Funding you earn now, next payment 23:00 UTC−0.0573%/8h= −62.7% APRpaid last 24h −0.095%
Price spread now: Orderly against Backpack−0.244%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$17 a day on $10k at the current rate, and Orderly is 0.244% cheaper against Backpack than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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 | 0.5202 | 0.0673 | pay 0.0084% / 1h | 54m 28s | $225K | $513K | 10x |
| Short | Orderly PERP_JTO_USDC_mythos | 0.5189 | 0.0100 | get 0.0050% / 4h | 1h 54m | $4K | $2K | 10x |
Backpack JTO_USDC_PERP
Orderly PERP_JTO_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$120.32
- Price spread: −0.244% → 0.000%
- −$24.42
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$160.73
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 29 min ago; Orderly: 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, 29 min ago | 0.10 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0519% | 1h | 0.5195 | −0.129% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0162% | 8h | 0.5191 | −0.206% | $939K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0122% | 4h | 0.5184 | −0.340% | $3.9M | $10.0M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5202 | −0.003% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +6.494% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0010% | 8h | 0.5194 | −0.141% | $518 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.397% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5202 | −0.004% | $100K | $174K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5198 | −0.063% | $174K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5190 | −0.234% | $11.6M | $27.9M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
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 | 0.5194 | −0.148% | $7.5M | $13.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5163 | −0.744% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5193 | −0.167% | $7.2M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5202 | +0.006% | $1.6M | $677K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5195 | −0.129% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5192 | −0.186% | — | $63.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5202 | +0.007% | $184K | $258K | — | as long as short |
| Orderly PERP_JTO_USDC_mythosshort | +0.0100% | 4h | 0.5189 | −0.244% | $4K | $2K | 10x | |
| Extended JTO-USD | +0.0104% | 1h | 0.5194 | −0.146% | $529K | $854K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5193 | −0.159% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0304% | 1h | 0.5203 | +0.025% | $57K | $126K | 25x | as long as short |
| Hyperliquid JTO | +0.0325% | 1h | 0.5205 | +0.062% | $7.4M | $3.1M | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5194 | −0.148% | $638K | $579K | 75x | as long as short |
| Phoenix JTO | +0.0463% | 1h | 0.5191 | −0.206% | $373K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0512% | 1h | 0.5199 | −0.052% | $354K | $313K | 25x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0673% | 1h | 0.5202 | long leg | $225K | $513K | 10x |
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
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD