Funding you earn now, next payment 22:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.098%
Price spread now: Variational Omni against Backpack−0.150%7-day average −0.088% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.209%−$21 on $10k
+Price spread, last 3 days (all we have)+0.321%+$32 · spread now −0.150%, 7d avg −0.088%
=Together, before fees+0.112%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.062% cheaper against Backpack than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.088%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5196 | 0.0324 | pay 0.0040% / 1h | 16m 27s | $264K | $501K | 10x |
| Short | Variational Omni JTO | 0.5189 | 0.0100 | get 0.0050% / 4h | 2h 16m | $184K | $259K | — |
Backpack JTO_USDC_PERP
Variational Omni JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$46.95
- Price spread: −0.150% → −0.088%
- −$6.2
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$63.15
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 7 min ago; Variational Omni: RFQ quote, 8 min ago. 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 | 0.10 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 8 min ago | 6.75 bp | doesn't fit | 91.6 bp −$916 | 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 | −0.1097% | 1h | 0.5188 | −0.164% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0166% | 8h | 0.5191 | −0.106% | $941K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0071% | 4h | 0.5187 | −0.183% | $3.9M | $9.9M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5194 | −0.048% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.599% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0004% | 8h | 0.5185 | −0.214% | $518 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.301% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5194 | −0.052% | $100K | $184K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5190 | −0.122% | $174K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5185 | −0.229% | $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 | 0.5191 | −0.106% | $7.6M | $13.6M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5185 | −0.231% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5185 | −0.221% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5194 | −0.040% | $1.5M | $610K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5190 | −0.125% | $2.6M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5187 | −0.183% | — | $63.5M | — | as long as short |
| Variational Omni JTOshort | +0.0100% | 4h | 0.5189 | −0.150% | $184K | $259K | — | |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5189 | −0.144% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5185 | −0.216% | $526K | $854K | 10x | as long as short |
| Hyperliquid JTO | +0.0118% | 1h | 0.5198 | +0.033% | $7.3M | $3.2M | 5x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5194 | −0.048% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5193 | −0.067% | $57K | $125K | 25x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0324% | 1h | 0.5196 | long leg | $264K | $501K | 10x | |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5188 | −0.164% | $641K | $578K | 75x | as long as short |
| Phoenix JTO | +0.0463% | 1h | 0.5185 | −0.221% | $373K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0605% | 1h | 0.5195 | −0.025% | $354K | $312K | 25x | as long as short |
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Orderly PERP_JTO_USDC_mythos
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