Funding you earn now, next payment 22:00 UTC−0.0248%/8h= −27.1% APRnext payment −$0.31 per $10,000 · paid last 24h −0.096%
Price spread now: Lighter against Backpack−0.027%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$780.779% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)+0.423%+$42 · spread now −0.027%, 7d avg −0.020%
=Together, before fees+0.272%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5171 | 0.0344 | pay 0.0043% / 1h | 5m 55s | $263K | $498K | 10x |
| Short | Lighter JTO | 0.5169 | 0.0096 | get 0.0012% / 1h | 5m 55s | $100K | $184K | 10x |
Backpack JTO_USDC_PERP
Lighter JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$52.02
- Price spread: −0.027% → −0.020%
- −$0.73
- Slippage, 4 orders
- −$67.88
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$130.63
- Costs to cover
- 0.779%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 18 min ago; Lighter: live order book, 8 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, 18 min ago | 0.10 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 12.97 bp | 19.7 bp −$20 | 44.5 bp −$445 | 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 | −0.0717% | 1h | 0.5164 | −0.132% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0166% | 8h | 0.5162 | −0.170% | $934K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0096% | 4h | 0.5161 | −0.190% | $3.9M | $9.9M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0016% | 8h | 0.5160 | −0.204% | $515 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5163 | −0.158% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.129% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.825% | $31 | $43K | 5.5x | as long as short |
| Lighter JTOshort | +0.0096% | 1h | 0.5169 | −0.027% | $100K | $184K | 10x | |
| Aster JTOUSDT | +0.0100% | 4h | 0.5166 | −0.102% | $173K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5161 | −0.181% | $11.6M | $27.9M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5165 | −0.112% | $7.6M | $13.6M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5165 | −0.112% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5164 | −0.132% | $7.1M | $3.8M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5168 | −0.062% | $1.5M | $609K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5165 | −0.112% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5162 | −0.170% | — | $63.5M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5176 | +0.108% | $183K | $259K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5163 | −0.151% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5162 | −0.165% | $523K | $854K | 10x | as long as short |
| Hyperliquid JTO | +0.0127% | 1h | 0.5176 | +0.093% | $7.3M | $3.1M | 5x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5165 | −0.116% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5193 | +0.429% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5162 | −0.170% | $640K | $575K | 75x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0344% | 1h | 0.5171 | long leg | $263K | $498K | 10x | |
| Phoenix JTO | +0.0463% | 1h | 0.5189 | +0.352% | $373K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0608% | 1h | 0.5169 | −0.028% | $352K | $312K | 25x | as long as short |
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Hyperliquid JTO
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD