Funding you earn now, next payment 05:00 UTC−0.0549%/8h= −60.1% APRnext payment −$0.69 per $10,000 · paid last 24h −0.094%
Price spread now: Bulk against Backpack−0.218%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bulk is 0.218% cheaper against Backpack than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5155 | 0.0649 | pay 0.0081% / 1h | 2m 26s | $267K | $311K | 10x |
| Short | Bulk JTO-USD | 0.5143 | 0.0100 | get 0.0013% / 1h | 2m 26s | $56K | $9K | 10x |
Backpack JTO_USDC_PERP
Bulk JTO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$115.33
- Price spread: −0.218% → 0.000%
- −$21.75
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$154.08
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 51 min ago; Bulk: no order-book sample. Net counts fees only.
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, 51 min ago | 0.10 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk no order-book sample | — | — | — | — | — |
Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0361% | 8h | 0.5147 | −0.147% | $890K | $1.0M | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0332% | 1h | 0.5148 | −0.128% | $13K | $10K | 10x | as long as short |
| Bybit JTOUSDT | −0.0195% | 4h | 0.5147 | −0.147% | $7.0M | $14.0M | 50x | as long as short |
| OKX JTO-USDT-SWAP | −0.0034% | 4h | 0.5143 | −0.225% | $3.9M | $9.3M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5150 | −0.087% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.468% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.523% | $31 | $43K | 5.5x | as long as short |
| Variational Omni JTO | +0.0094% | 4h | 0.5152 | −0.058% | $221K | $242K | — | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5152 | −0.058% | $117K | $228K | 10x | as long as short |
| Paradex JTO-USD-PERP | +0.0097% | 8h | 0.5146 | −0.164% | $514 | — | 5x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Variational Omni JTO
Lighter JTO
Paradex JTO-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid JTO | +0.0100% | 1h | 0.5155 | +0.008% | $7.0M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5148 | −0.122% | $123K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5143 | −0.230% | $11.2M | $27.6M | 75x | as long as short |
| Bulk JTO-USDshort | +0.0100% | 1h | 0.5143 | −0.218% | $56K | $9K | 10x | |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5143 | −0.225% | $6.1M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5148 | −0.132% | $1.5M | $604K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5145 | −0.186% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5145 | −0.186% | — | $27.5M | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5150 | −0.089% | $4K | $652 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5143 | −0.234% | $523K | $2.1M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5148 | −0.134% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0310% | 1h | 0.5160 | +0.105% | $381K | $114K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5145 | −0.186% | $614K | $520K | 75x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0379% | 1h | 0.5153 | −0.036% | $333K | $313K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5163 | +0.163% | $58K | $137K | 25x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0649% | 1h | 0.5155 | long leg | $267K | $311K | 10x |
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX