JTO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.26 per $10,000 · paid last 24h −0.020%

Price spread now: Coinbase International against Backpack−0.014%7-day average +0.222% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on Backpack Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$24 on $10k

Price spread, last 3 days (all we have)+0.065%+$7 · spread now −0.014%, 7d avg +0.222%

Together, before fees+0.301%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.235% cheaper against Backpack than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.222%). If the spread goes back, that is −$24 on $10k: about 3.8 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack JTO_USDC_PERP	0.5126	0.0100	pay 0.0013% / 1h	26m 00s	$225K	$503K	10x
Short	Coinbase International JTO-PERP-INTX	0.5125	0.0304	get 0.0038% / 1h	26m 00s	$56K	$124K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Coinbase InternationalbpOrdersPrice spread, now −0.014%Rate

Funding earned: $42.84
Price spread: −0.014% → +0.222%: −$23.52
Slippage, 4 orders: −$54.62
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$55.3
Costs to cover: 0.746%
Break-even: 16.0 days

Slippage from Backpack: live order book, 58 min ago; Coinbase International: live order book, 57 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, 58 min ago	0.10 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 57 min ago	16.41 bp	21.4 bp −$21	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	−0.0530%	1h	0.5125	−0.014%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0157%	8h	0.5121	−0.092%	$922K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0062%	4h	0.5118	−0.150%	$3.9M	$9.9M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5127	+0.028%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+8.068%	—	—	—	as long as short
Paradex JTO-USD-PERP	+0.0019%	8h	0.5119	−0.139%	$511	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.979%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5127	+0.023%	$97K	$175K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5128	+0.047%	$7.2M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5124	−0.033%	$172K	$176K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5119	−0.139%	$11.5M	$28.1M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5124	−0.033%	$7.3M	$13.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5132	+0.123%	$56K	$1K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5122	−0.072%	$7.1M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5130	+0.078%	$1.6M	$644K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5124	−0.033%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5123	−0.053%	—	$63.8M	—	as long as short
Backpack JTO_USDC_PERPlong	+0.0100%	1h	0.5126	long leg	$225K	$503K	10x
Variational Omni JTO	+0.0100%	4h	0.5134	+0.159%	$181K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5123	−0.053%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5117	−0.166%	$518K	$854K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0223% / S −0.2181%	1h	0.5127	+0.030%	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTXshort	+0.0304%	1h	0.5125	−0.014%	$56K	$124K	25x
BloFin JTO-USDT	+0.0340%	4h	0.5127	+0.025%	$639K	$572K	75x	as long as short
Phoenix JTO	+0.0463%	1h	0.5124	−0.033%	$369K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0519%	1h	0.5129	+0.058%	$348K	$313K	25x	as long as short