Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.095%
Price spread now: Backpack against BingX+0.179%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$560.559% of the position
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.179%, 7d avg +0.134%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.045% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.134%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX JTO-USDT | 0.5136 | 0.0100 | pay 0.0050% / 4h | 54m 43s | — | $68.0M | — |
| Short | Backpack JTO_USDC_PERP | 0.5145 | 0.0100 | get 0.0013% / 1h | 54m 43s | $268K | $318K | 10x |
BingX JTO-USDT
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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: +0.179% → +0.134%
- $4.53
- Slippage, 4 orders
- −$35.87
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$51.34
- Costs to cover
- 0.559%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Backpack: live order book, 4 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 BingX live order book, 14 min ago | 1.94 bp | 13.8 bp −$14 | 25.6 bp −$256 | 232.7 bp −$23.3K | 537.3 bp −$268.7K |
| Sell Backpack live order book, 4 min ago | 0.10 bp | 15.7 bp −$16 | 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 | −0.0419% | 8h | 0.5136 | 0.000% | $895K | $997K | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0334% | 1h | 0.5137 | +0.019% | $13K | $10K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5139 | +0.062% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.852% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.174% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0080% | 8h | 0.5128 | −0.165% | $512 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5136 | 0.000% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5142 | +0.121% | $117K | $226K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5146 | +0.189% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5144 | +0.146% | $126K | $219K | 10x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
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 JTOUSDT | +0.0100% | 4h | 0.5134 | −0.044% | $11.2M | $27.3M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5131 | −0.097% | $7.2M | $13.9M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5127 | −0.175% | $3.8M | $9.3M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5117 | −0.369% | $55K | $17K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5128 | −0.156% | $6.6M | $3.3M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5142 | +0.123% | $1.5M | $596K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5135 | −0.019% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDTlong | +0.0100% | 4h | 0.5136 | long leg | — | $68.0M | — | |
| Backpack JTO_USDC_PERPshort | +0.0100% | 1h | 0.5145 | +0.179% | $268K | $318K | 10x | |
| Variational Omni JTO | +0.0100% | 4h | 0.5146 | +0.188% | $223K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5138 | +0.035% | $518K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5145 | +0.166% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5135 | −0.019% | $626K | $504K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0416% | 1h | 0.5147 | +0.214% | $59K | $136K | 25x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5150 | +0.273% | $380K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0732% | 1h | 0.5140 | +0.078% | $337K | $312K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD