Funding you earn now, next payment 12:00 UTC−0.0141%/8h= −15.5% APRpaid last 24h −0.079%
Price spread now: BingX against Backpack−0.016%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$500.503% of the position
Funding, last 7 days−0.208%−$21 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.016%, 7d avg −0.134%
=The price spread pays, funding is against you. BingX is 0.118% dearer against Backpack than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.134%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5026 | 0.0241 | pay 0.0030% / 1h | 9m 45s | $218K | $347K | 10x |
| Short | BingX JTO-USDT | 0.5025 | 0.0100 | get 0.0050% / 4h | 9m 45s | — | $8.3M | — |
Backpack JTO_USDC_PERP
BingX JTO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Backpack. 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
- −$29.66
- Price spread: −0.016% → −0.134%
- $11.8
- Slippage, 4 orders
- −$30.25
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$68.12
- Costs to cover
- 0.503%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 32 min ago; BingX: live order book, 6 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 Backpack live order book, 32 min ago | 0.10 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 2.98 bp | 13.6 bp −$14 | 28.1 bp −$281 | 195.8 bp −$19.6K | 540.0 bp −$270.0K |
JTO on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_JTOUSD | −0.1182% | 1h | 0.5019 | −0.126% | $314K | $388K | 25x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0546% | 1h | 0.5020 | −0.115% | $22K | $41K | 10x | as long as short |
| Paradex JTO-USD-PERP | −0.0037% | 8h | 0.5033 | +0.153% | $482 | $10 | 5x | as long as short |
| Bybit JTOUSDT | −0.0034% | 4h | 0.5033 | +0.143% | $6.4M | $12.4M | 50x | as long as short |
| OKX JTO-USDT-SWAP | −0.0006% | 4h | 0.5031 | +0.103% | $3.7M | $8.9M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5035 | +0.176% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +10.220% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.5030 | +0.084% | $2K | $2K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5037 | +0.221% | $118K | $211K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5041 | +0.296% | $6.8M | $2.8M | 5x | as long as short |
Kraken Futures PF_JTOUSD
Deribit JTO_USDC-PERPETUAL
Paradex JTO-USD-PERP
Bybit JTOUSDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTOShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5034 | +0.171% | $116K | $206K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5033 | +0.143% | $10.4M | $24.6M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5036 | +0.203% | $54K | $1K | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5030 | +0.084% | $881K | $757K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5031 | +0.103% | $6.1M | $2.8M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5030 | +0.094% | $1.3M | $555K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5033 | +0.143% | $2.2M | $2.3M | 50x | as long as short |
| BingX JTO-USDTshort | +0.0100% | 4h | 0.5025 | −0.016% | — | $8.3M | — | |
| Variational Omni JTO | +0.0100% | 4h | 0.5019 | −0.133% | $219K | $189K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5020 | −0.115% | $4K | $1K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5023 | −0.048% | $518K | $3.5M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5022 | −0.070% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0241% | 1h | 0.5026 | long leg | $218K | $347K | 10x | |
| Phoenix JTO | +0.0319% | 1h | 0.5047 | +0.422% | $355K | $118K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5019 | −0.135% | $561K | $514K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0472% | 1h | 0.5052 | +0.521% | $54K | $102K | 25x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bulk JTO-USD
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX