Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%
Price spread now: Bybit against Lighter−0.158%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1141.137% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.158%, 7d avg −0.076%
=Together, before fees−0.162%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.082% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.076%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter JTO | 0.5178 | 0.0096 | pay 0.0012% / 1h | 15m 20s | $99K | $189K | 10x |
| Short | Bybit JTOUSDT | 0.5170 | 0.0100 | get 0.0050% / 4h | 3h 15m | $7.6M | $13.4M | 50x |
Lighter JTO
Bybit JTOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0.84
- Price spread: −0.158% → −0.076%
- −$8.22
- Slippage, 4 orders
- −$102.69
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$121.07
- Costs to cover
- 1.137%
- Break-even
- 1015.9 days
Slippage from Lighter: live order book, 40 min ago; Bybit: live order book, 3 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, 40 min ago | 7.61 bp | 20.3 bp −$20 | 43.3 bp −$433 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.93 bp | 29.9 bp −$30 | 70.7 bp −$707 | 670.2 bp −$67.0K | 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 | −0.0137% | 1h | 0.5169 | −0.178% | $13K | $10K | 10x | as long as short |
| OKX JTO-USDT-SWAP | −0.0034% | 4h | 0.5169 | −0.178% | $3.9M | $9.4M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5180 | +0.037% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.975% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0033% | 8h | 0.5176 | −0.046% | $517 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.963% | $31 | $43K | 5.5x | as long as short |
| Gate JTO_USDT | +0.0083% | 8h | 0.5174 | −0.081% | $916K | $1.2M | 75x | as long as short |
| Lighter JTOlong | +0.0096% | 1h | 0.5178 | long leg | $99K | $189K | 10x | |
| Hyperliquid JTO | +0.0100% | 1h | 0.5181 | +0.059% | $7.1M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5178 | −0.007% | $174K | $157K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Gate JTO_USDT
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 | 0.5170 | −0.158% | $11.4M | $27.6M | 75x | as long as short |
| Bybit JTOUSDTshort | +0.0100% | 4h | 0.5170 | −0.158% | $7.6M | $13.4M | 50x | |
| Bulk JTO-USD | +0.0100% | 1h | 0.5147 | −0.603% | $63K | $8K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5167 | −0.216% | $7.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5175 | −0.070% | $1.6M | $597K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5171 | −0.139% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5172 | −0.120% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5174 | −0.087% | $226K | $299K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5169 | −0.178% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5168 | −0.200% | $519K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5171 | −0.131% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0247% | 1h | 0.5176 | −0.052% | $349K | $310K | 25x | as long as short |
| Phoenix JTO | +0.0312% | 1h | 0.5184 | +0.112% | $383K | $262K | 5x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5185 | +0.131% | $64K | $129K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5161 | −0.332% | $625K | $593K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0365% | 1h | 0.5184 | +0.110% | $224K | $461K | 10x | as long as short |
Binance 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]
Kraken Futures PF_JTOUSD
Phoenix JTO
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP