Funding you earn now, next payment 06:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.093%
Price spread now: Extended against Backpack−0.237%7-day average −0.176% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$580.584% of the position
Funding, last 7 days−0.193%−$19 on $10k
+Price spread, last 4 days (all we have)+0.321%+$32 · spread now −0.237%, 7d avg −0.176%
=Together, before fees+0.128%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.061% cheaper against Backpack than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.176%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5157 | 0.0191 | pay 0.0024% / 1h | 11m 52s | $265K | $308K | 10x |
| Short | Extended JTO-USD | 0.5145 | 0.0104 | get 0.0013% / 1h | 11m 52s | $518K | $2.2M | 10x |
Backpack JTO_USDC_PERP
Extended JTO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$18.17
- Price spread: −0.237% → −0.176%
- −$6.08
- Slippage, 4 orders
- −$43.36
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$82.62
- Costs to cover
- 0.584%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 37 min ago; Extended: live order book, 2 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, 37 min ago | 1.05 bp | 10.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 1.65 bp | 15.8 bp −$16 | 110.1 bp −$1,101 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0226% | 8h | 0.5146 | −0.211% | $904K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5138 | −0.365% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.422% | — | — | — | as long as short |
| Deribit JTO_USDC-PERPETUAL | 0.0000% | 1h | 0.5146 | −0.211% | $3K | $20K | 10x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.566% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0041% | 4h | 0.5146 | −0.211% | $3.8M | $9.6M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0080% | 8h | 0.5135 | −0.426% | $492 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5153 | −0.076% | $115K | $229K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5156 | −0.014% | $7.0M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5147 | −0.192% | $122K | $220K | 10x | as long as short |
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Deribit JTO_USDC-PERPETUAL
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5147 | −0.192% | $11.2M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5148 | −0.173% | $7.0M | $14.2M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5146 | −0.211% | $6.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5143 | −0.260% | $1.5M | $611K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5148 | −0.173% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5145 | −0.231% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5141 | −0.315% | $220K | $241K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5144 | −0.250% | $4K | $652 | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5140 | −0.323% | $56K | $2K | 10x | as long as short |
| Extended JTO-USDshort | +0.0104% | 1h | 0.5145 | −0.237% | $518K | $2.2M | 10x | |
| Backpack JTO_USDC_PERPlong | +0.0191% | 1h | 0.5157 | long leg | $265K | $308K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5145 | −0.227% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5127 | −0.580% | $467K | $543K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5134 | −0.444% | $59K | $134K | 25x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5144 | −0.250% | $380K | $118K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0480% | 1h | 0.5155 | −0.033% | $344K | $349K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD