JTO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1827%/8h= +200.1% APRnext payment +$2.28 per $10,000 · paid last 24h +0.475%

Price spread now: GMX against Backpack−0.032%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.032% cheaper against Backpack than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$55 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack JTO_USDC_PERP	0.5179	0.0354	pay 0.0044% / 1h	7m 52s	$264K	$498K	10x
Short	GMX JTO/USD [WBTC.b-USDC]	0.5177	L +0.0224% / S −0.2181%	get 0.0273% / 1h	7m 52s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $383.67
Price spread: −0.032% → 0.000%: −$3.21
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $358.47
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: Backpack: live order book, 16 min ago; GMX: 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, 16 min ago	0.10 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Deribit JTO_USDC-PERPETUAL	−0.0909%	1h	0.5172	−0.133%	$13K	$11K	10x	as long as short
Gate JTO_USDT	−0.0168%	8h	0.5175	−0.075%	$936K	$1.5M	75x	as long as short
OKX JTO-USDT-SWAP	−0.0089%	4h	0.5171	−0.153%	$3.9M	$9.9M	50x	as long as short
Paradex JTO-USD-PERP	−0.0020%	8h	0.5170	−0.168%	$516	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5177	−0.037%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+6.961%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.976%	$31	$43K	5.5x	as long as short
Lighter JTO	+0.0096%	1h	0.5177	−0.029%	$100K	$184K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5177	−0.037%	$174K	$176K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5171	−0.148%	$11.6M	$27.9M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JTOUSDT	+0.0100%	4h	0.5178	−0.017%	$7.6M	$13.6M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5165	−0.268%	$56K	$2K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5172	−0.133%	$7.0M	$3.7M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5177	−0.037%	$1.5M	$610K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5175	−0.075%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5175	−0.075%	—	$63.5M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5176	−0.049%	$183K	$259K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5173	−0.114%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5171	−0.150%	$526K	$854K	10x	as long as short
Hyperliquid JTO	+0.0121%	1h	0.5183	+0.087%	$7.3M	$3.1M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]short	L +0.0224% / S −0.2181%	1h	0.5177	−0.032%	$2K	—	50x
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5193	+0.272%	$57K	$125K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5176	−0.056%	$642K	$577K	75x	as long as short
Backpack JTO_USDC_PERPlong	+0.0354%	1h	0.5179	long leg	$264K	$498K	10x
Phoenix JTO	+0.0463%	1h	0.5198	+0.369%	$374K	$267K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0608%	1h	0.5177	−0.033%	$353K	$312K	25x	as long as short