Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.098%
Price spread now: Backpack against Bitget+0.014%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$650.650% of the position
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.014%, 7d avg +0.082%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.069% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.082%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget JTOUSDT | 0.5158 | 0.0100 | pay 0.0050% / 4h | 1h 01m | $2.5M | $2.4M | 50x |
| Short | Backpack JTO_USDC_PERP | 0.5159 | 0.0100 | get 0.0013% / 1h | 1m 51s | $226K | $493K | 10x |
Bitget JTOUSDT
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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: +0.014% → +0.082%
- −$6.89
- Slippage, 4 orders
- −$43.04
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$71.93
- Costs to cover
- 0.650%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 10 min ago; Backpack: live order book, 17 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 Bitget live order book, 10 min ago | 1.96 bp | 20.7 bp −$21 | 61.4 bp −$614 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 17 min ago | 0.68 bp | 12.4 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0525% | 1h | 0.5154 | −0.078% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0154% | 8h | 0.5155 | −0.058% | $928K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0084% | 4h | 0.5154 | −0.078% | $3.9M | $9.8M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0067% | 8h | 0.5151 | −0.130% | $514 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5155 | −0.053% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.393% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.587% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5159 | +0.014% | $98K | $175K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5163 | +0.101% | $7.3M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5159 | +0.010% | $173K | $176K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
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 | 0.5154 | −0.076% | $11.5M | $28.0M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5158 | 0.000% | $7.3M | $13.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5109 | −0.941% | $55K | $1K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5154 | −0.078% | $7.2M | $3.8M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5157 | −0.021% | $1.6M | $642K | 20x | as long as short |
| Bitget JTOUSDTlong | +0.0100% | 4h | 0.5158 | long leg | $2.5M | $2.4M | 50x | |
| BingX JTO-USDT | +0.0100% | 4h | 0.5154 | −0.078% | — | $66.2M | — | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0100% | 1h | 0.5159 | +0.014% | $226K | $493K | 10x | |
| Variational Omni JTO | +0.0100% | 4h | 0.5132 | −0.508% | $181K | $258K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5155 | −0.058% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5153 | −0.101% | $521K | $854K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5156 | −0.034% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0304% | 1h | 0.5158 | 0.000% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5150 | −0.155% | $628K | $574K | 75x | as long as short |
| Phoenix JTO | +0.0463% | 1h | 0.5149 | −0.174% | $370K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0516% | 1h | 0.5157 | −0.026% | $350K | $312K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD