Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.095%
Price spread now: Backpack against Binance+0.194%7-day average +0.148% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$530.533% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)−0.662%−$66 · spread now +0.194%, 7d avg +0.148%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.046% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.148%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance JTOUSDT | 0.5114 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $11.2M | $27.2M | 75x |
| Short | Backpack JTO_USDC_PERP | 0.5124 | 0.0100 | get 0.0013% / 1h | 44m 31s | $267K | $332K | 10x |
Binance JTOUSDT
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- Price spread: +0.194% → +0.148%
- $4.58
- Slippage, 4 orders
- −$33.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$48.7
- Costs to cover
- 0.533%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Backpack: live order book, 19 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 Binance live order book, 12 min ago | 0.97 bp | 12.2 bp −$12 | 32.6 bp −$326 | 319.8 bp −$32.0K | doesn't fit |
| Sell Backpack live order book, 19 min ago | 0.10 bp | 14.1 bp −$14 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0313% | 8h | 0.5114 | 0.000% | $893K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5122 | +0.158% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.320% | — | — | — | as long as short |
| Deribit JTO_USDC-PERPETUAL | 0.0000% | 1h | 0.5121 | +0.137% | $13K | $10K | 10x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.757% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0075% | 8h | 0.5113 | −0.016% | $510 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5118 | +0.078% | $3K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5121 | +0.143% | $117K | $228K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5125 | +0.208% | $7.0M | $3.3M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5119 | +0.094% | $126K | $219K | 10x | as long as short |
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Deribit JTO_USDC-PERPETUAL
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDTlong | +0.0100% | 4h | 0.5114 | long leg | $11.2M | $27.2M | 75x | |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5115 | +0.020% | $7.3M | $13.7M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5111 | −0.059% | $3.8M | $9.2M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5097 | −0.332% | $55K | $15K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5115 | +0.020% | $6.6M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5123 | +0.174% | $1.6M | $587K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5117 | +0.059% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5113 | −0.020% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0100% | 1h | 0.5124 | +0.194% | $267K | $332K | 10x | |
| Variational Omni JTO | +0.0100% | 4h | 0.5091 | −0.457% | $221K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5110 | −0.086% | $517K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5121 | +0.134% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0336% | 1h | 0.5109 | −0.098% | $59K | $134K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5122 | +0.156% | $625K | $511K | 75x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5147 | +0.645% | $380K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0680% | 1h | 0.5124 | +0.186% | $344K | $306K | 25x | as long as short |
Bybit JTOUSDT
OKX JTO-USDT-SWAP
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
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD