Funding you earn now, next payment 00:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.098%
Price spread now: Backpack against MEXC+0.176%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days+0.175%+$18 on $10k
+Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.176%, 7d avg +0.150%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Backpack is 0.026% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.150%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC JTO_USDT | 0.5110 | 0.0100 | pay 0.0050% / 4h | 29m 03s | $7.1M | $3.7M | 50x |
| Short | Backpack JTO_USDC_PERP | 0.5119 | 0.0111 | get 0.0014% / 1h | 29m 03s | $224K | $472K | 10x |
MEXC JTO_USDT
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- $2.39
- Price spread: +0.176% → +0.150%
- $2.58
- Slippage, 4 orders
- −$24.92
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$29.95
- Costs to cover
- 0.349%
- Break-even
- 94.8 days
Slippage from MEXC: live order book, 4 min ago; Backpack: live order book, 50 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 MEXC live order book, 4 min ago | 1.96 bp | 3.5 bp −$4 | 12.4 bp −$124 | 65.1 bp −$6,511 | 166.7 bp −$83.3K |
| Sell Backpack live order book, 50 min ago | 0.68 bp | 12.4 bp −$12 | 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 | −0.0727% | 1h | 0.5111 | +0.020% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0176% | 8h | 0.5113 | +0.059% | $900K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0012% | 4h | 0.5110 | 0.000% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0010% | 8h | 0.5109 | −0.013% | $510 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5116 | +0.120% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.402% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.681% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0034% | 1h | 0.5106 | −0.088% | $55K | $1K | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5113 | +0.057% | $101K | $192K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5119 | +0.168% | $7.1M | $3.2M | 5x | as long as short |
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 JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5115 | +0.104% | $172K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5111 | +0.020% | $11.3M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5116 | +0.117% | $7.4M | $13.9M | 50x | as long as short |
| MEXC JTO_USDTlong | +0.0100% | 4h | 0.5110 | long leg | $7.1M | $3.7M | 50x | |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5118 | +0.153% | $1.6M | $631K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5114 | +0.078% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5113 | +0.059% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5110 | −0.002% | $224K | $305K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5112 | +0.039% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5110 | +0.001% | $518K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0111% | 1h | 0.5119 | +0.176% | $224K | $472K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5114 | +0.084% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0226% | 1h | 0.5119 | +0.177% | $346K | $312K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5172 | +1.213% | $57K | $115K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5106 | −0.078% | $627K | $610K | 75x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5117 | +0.137% | $367K | $266K | 5x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
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
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO