Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.001%
Price spread now: Injective against Bybit−2.337%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$2 a day on $10k at the current rate, and Injective is 2.337% cheaper against Bybit than usual: you would sell low and buy high (−$234 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit JTOUSDT | 0.5092 | 0.0100 | pay 0.0050% / 4h | 50m 41s | $7.1M | $13.9M | 50x |
| Short | Injective JTO/USDC PERP | 0.4973 | 0.0033 | get 0.0004% / 1h | 50m 41s | $31 | $43K | 5.5x |
Bybit JTOUSDT
Injective JTO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: −2.337% → 0.000%
- −$233.7
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$258.72
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Injective: 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 Bybit live order book, 3 min ago | 0.98 bp | 23.9 bp −$24 | 65.4 bp −$654 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0729% | 1h | 0.5100 | +0.157% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0439% | 8h | 0.5104 | +0.236% | $889K | $997K | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5101 | +0.179% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.790% | — | — | — | as long as short |
| Injective JTO/USDC PERPshort | +0.0033% | 1h | 0.4973 | −2.337% | $31 | $43K | 5.5x | |
| Paradex JTO-USD-PERP | +0.0079% | 8h | 0.5101 | +0.180% | $509 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5102 | +0.196% | $3K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5098 | +0.124% | $116K | $226K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5117 | +0.481% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5110 | +0.363% | $125K | $219K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
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 | 0.5096 | +0.070% | $11.1M | $27.3M | 75x | as long as short |
| Bybit JTOUSDTlong | +0.0100% | 4h | 0.5092 | long leg | $7.1M | $13.9M | 50x | |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5091 | −0.020% | $3.8M | $9.2M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5138 | +0.906% | $56K | $17K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5105 | +0.255% | $6.6M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5107 | +0.295% | $1.5M | $596K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5110 | +0.353% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5109 | +0.334% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5111 | +0.363% | $266K | $316K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5103 | +0.208% | $221K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5104 | +0.240% | $515K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5106 | +0.270% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5102 | +0.196% | $617K | $500K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0416% | 1h | 0.5147 | +1.080% | $59K | $136K | 25x | as long as short |
| Phoenix JTO | +0.0469% | 1h | 0.5123 | +0.609% | $378K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0736% | 1h | 0.5106 | +0.277% | $335K | $312K | 25x | as long as short |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
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