Funding you earn now, next payment 23:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.24 per $10,000 · paid last 24h −0.053%
Price spread now: Hyperliquid against Coinbase International−0.626%7-day average −0.175% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.297%−$30 on $10k
+Price spread, last 3 days (all we have)+0.603%+$60 · spread now −0.626%, 7d avg −0.175%
=Together, before fees+0.305%+ Points / potential airdropHyperliquid: Season 2 · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hyperliquid is 0.451% cheaper against Coinbase International than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.175%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International JTO-PERP-INTX | 0.5172 | 0.0296 | pay 0.0037% / 1h | 34m 30s | $57K | $116K | 25x |
| Short | Hyperliquid JTO | 0.5140 | 0.0100 | get 0.0013% / 1h | 34m 30s | $7.2M | $3.1M | 5x |
Coinbase International JTO-PERP-INTX
Hyperliquid JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- −$41.16
- Price spread: −0.626% → −0.175%
- −$45.13
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$105.29
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 43 min ago; Hyperliquid: live order book, 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 Coinbase International live order book, 43 min ago | 17.59 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.58 bp | 16.6 bp −$17 | 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 | −0.0530% | 1h | 0.5127 | −0.870% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0174% | 8h | 0.5125 | −0.909% | $904K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0007% | 4h | 0.5116 | −1.083% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0007% | 8h | 0.5126 | −0.881% | $512 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5134 | −0.735% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.101% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.848% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0068% | 1h | 0.5153 | −0.367% | $56K | $1K | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5140 | −0.628% | $107K | $182K | 10x | as long as short |
| Hyperliquid JTOshort | +0.0100% | 1h | 0.5140 | −0.626% | $7.2M | $3.1M | 5x |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bulk JTO-USD
Lighter JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5132 | −0.770% | $172K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5114 | −1.119% | $11.4M | $28.0M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5121 | −0.986% | $7.4M | $13.8M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5129 | −0.831% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5137 | −0.681% | $1.6M | $631K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5120 | −1.005% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5124 | −0.928% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5141 | −0.601% | $226K | $303K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5129 | −0.831% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5128 | −0.850% | $521K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0106% | 1h | 0.5134 | −0.725% | $225K | $472K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5131 | −0.794% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0225% | 1h | 0.5139 | −0.639% | $347K | $312K | 25x | as long as short |
| Coinbase International JTO-PERP-INTXlong | +0.0296% | 1h | 0.5172 | long leg | $57K | $116K | 25x | |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5134 | −0.735% | $630K | $613K | 75x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5156 | −0.309% | $370K | $266K | 5x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
BloFin JTO-USDT
Phoenix JTO