Funding you earn now, next payment 07:00 UTC+0.0325%/8h= +35.6% APRpaid last 24h +0.156%
Price spread now: Backpack against Gate+0.143%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$950.950% of the position
Funding, last 7 days+0.258%+$26 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.143%, 7d avg +0.117%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Backpack is 0.026% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.117%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate JTO_USDT | 0.5093 | −0.0118 | get 0.0118% / 8h | 1h 08m | $884K | $1.0M | 75x |
| Short | Backpack JTO_USDC_PERP | 0.5100 | 0.0207 | get 0.0026% / 1h | 8m 57s | $218K | $310K | 10x |
Gate JTO_USDT
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- $68.35
- Price spread: +0.143% → +0.117%
- $2.61
- Slippage, 4 orders
- −$70
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$24.05
- Costs to cover
- 0.950%
- Break-even
- 9.5 days
Slippage from Gate: live order book, 3 min ago; Backpack: live order book, 34 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 Gate live order book, 3 min ago | 5.89 bp | 36.0 bp −$36 | 88.3 bp −$883 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 34 min ago | 1.47 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0142% | 1h | 0.5097 | +0.079% | $13K | $30K | 10x | as long as short |
| Gate JTO_USDTlong | −0.0118% | 8h | 0.5093 | long leg | $884K | $1.0M | 75x | |
| dYdX JTO-USD | 0.0000% | 1h | 0.5095 | +0.039% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.770% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.356% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0082% | 8h | 0.5090 | −0.055% | $488 | $10 | 5x | as long as short |
| Bybit JTOUSDT | +0.0086% | 4h | 0.5092 | −0.020% | $6.8M | $14.2M | 50x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5102 | +0.183% | $114K | $240K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5101 | +0.151% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5096 | +0.054% | $119K | $228K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Bybit JTOUSDT
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 | 0.5092 | −0.020% | $10.8M | $28.7M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5092 | −0.020% | $3.8M | $9.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5092 | −0.010% | $55K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5093 | 0.000% | $6.1M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5097 | +0.084% | $1.5M | $595K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5092 | −0.020% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5093 | 0.000% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5093 | −0.009% | $218K | $235K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5096 | +0.059% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5091 | −0.048% | $521K | $2.2M | 10x | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0207% | 1h | 0.5100 | +0.143% | $218K | $310K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5093 | −0.003% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5098 | +0.098% | $586K | $550K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0456% | 1h | 0.5108 | +0.295% | $58K | $139K | 25x | as long as short |
| Phoenix JTO | +0.0467% | 1h | 0.5103 | +0.196% | $377K | $118K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0845% | 1h | 0.5104 | +0.221% | $324K | $374K | 25x | as long as short |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD