Funding you earn now, next payment 22:00 UTC+0.0178%/8h= +19.5% APRnext payment +$0.22 per $10,000 · paid last 24h +0.093%
Price spread now: Backpack against Lighter+0.176%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$700.699% of the position
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 4 days (all we have)−0.779%−$78 · spread now +0.176%, 7d avg +0.022%
=Together, before fees−0.633%+ Points / potential airdropLighter: Season 3 · farm board−$63 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.154% dearer against Lighter than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter JTO | 0.5169 | 0.0096 | pay 0.0012% / 1h | 54m 23s | $99K | $183K | 10x |
| Short | Backpack JTO_USDC_PERP | 0.5178 | 0.0274 | get 0.0034% / 1h | 54m 23s | $264K | $527K | 10x |
Lighter JTO
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- $37.38
- Price spread: +0.176% → +0.022%
- $15.44
- Slippage, 4 orders
- −$59.86
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$17.03
- Costs to cover
- 0.699%
- Break-even
- 10.2 days
Slippage from Lighter: live order book, 28 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 Lighter live order book, 28 min ago | 13.68 bp | 27.4 bp −$27 | 45.6 bp −$456 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 34 min ago | 1.74 bp | 13.6 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 | −0.0526% | 1h | 0.5152 | −0.331% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0131% | 8h | 0.5154 | −0.292% | $935K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0046% | 4h | 0.5147 | −0.428% | $3.9M | $9.8M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5162 | −0.138% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.169% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0022% | 8h | 0.5152 | −0.326% | $514 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.794% | $31 | $43K | 5.5x | as long as short |
| Lighter JTOlong | +0.0096% | 1h | 0.5169 | long leg | $99K | $183K | 10x | |
| Aster JTOUSDT | +0.0100% | 4h | 0.5158 | −0.213% | $173K | $175K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5150 | −0.370% | $11.6M | $27.9M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5155 | −0.273% | $7.6M | $13.5M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5167 | −0.041% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5156 | −0.253% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5163 | −0.120% | $1.6M | $572K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5150 | −0.370% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5150 | −0.370% | — | $63.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5172 | +0.065% | $183K | $259K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5150 | −0.370% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5148 | −0.412% | $523K | $854K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5155 | −0.281% | $2K | — | 50x | as long as short |
| Hyperliquid JTO | +0.0235% | 1h | 0.5166 | −0.062% | $7.3M | $3.2M | 5x | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0274% | 1h | 0.5178 | +0.176% | $264K | $527K | 10x | |
| Phoenix JTO | +0.0311% | 1h | 0.5172 | +0.056% | $372K | $267K | 5x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5202 | +0.636% | $57K | $127K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5160 | −0.176% | $645K | $579K | 75x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0610% | 1h | 0.5158 | −0.219% | $351K | $315K | 25x | as long as short |
Bybit JTOUSDT
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]
Hyperliquid JTO
Phoenix JTO
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Kraken Futures PF_JTOUSD