Funding you earn now, next payment 22:00 UTC+0.0317%/8h= +34.7% APRpaid last 24h +0.107%
Price spread now: Backpack against OKX+0.440%7-day average +0.169% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$620.619% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)−0.842%−$84 · spread now +0.440%, 7d avg +0.169%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Backpack is 0.270% dearer against OKX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.169%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.186% in total (about 9.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX JTO-USDT-SWAP | 0.5142 | −0.0052 | get 0.0026% / 4h | 2h 52m | $3.9M | $9.8M | 50x |
| Short | Backpack JTO_USDC_PERP | 0.5165 | 0.0265 | get 0.0033% / 1h | 52m 51s | $263K | $526K | 10x |
OKX JTO-USDT-SWAP
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against OKX. 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
- $66.47
- Price spread: +0.440% → +0.169%
- $27.02
- Slippage, 4 orders
- −$41.89
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $31.6
- Costs to cover
- 0.619%
- Break-even
- 3.7 days
Slippage from OKX: live order book, 5 min ago; Backpack: live order book, 36 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 OKX live order book, 5 min ago | 0.97 bp | 15.5 bp −$15 | 63.2 bp −$632 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 36 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 | −0.0524% | 1h | 0.5161 | +0.370% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0132% | 8h | 0.5156 | +0.272% | $936K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAPlong | −0.0052% | 4h | 0.5142 | long leg | $3.9M | $9.8M | 50x | |
| dYdX JTO-USD | 0.0000% | 1h | 0.5152 | +0.192% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.734% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0022% | 8h | 0.5160 | +0.353% | $515 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.287% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5153 | +0.206% | $99K | $183K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5160 | +0.350% | $173K | $175K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5146 | +0.087% | $11.6M | $27.9M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Lighter JTO
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 | 0.5150 | +0.156% | $7.5M | $13.5M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5167 | +0.486% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5155 | +0.253% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5163 | +0.408% | $1.6M | $572K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5148 | +0.117% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5155 | +0.253% | — | $63.5M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5172 | +0.593% | $183K | $259K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5160 | +0.350% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5156 | +0.274% | $523K | $854K | 10x | as long as short |
| Hyperliquid JTO | +0.0164% | 1h | 0.5156 | +0.268% | $7.3M | $3.2M | 5x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5165 | +0.448% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0265% | 1h | 0.5165 | +0.440% | $263K | $526K | 10x | |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5202 | +1.167% | $57K | $127K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5154 | +0.233% | $642K | $579K | 75x | as long as short |
| Phoenix JTO | +0.0463% | 1h | 0.5172 | +0.583% | $372K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0609% | 1h | 0.5166 | +0.470% | $352K | $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
Hyperliquid JTO
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD