Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.098%
Price spread now: MEXC against Backpack−0.027%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.027%, 7d avg −0.150%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.123% dearer against Backpack than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.150%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5111 | 0.0108 | pay 0.0013% / 1h | 20m 33s | $224K | $470K | 10x |
| Short | MEXC JTO_USDT | 0.5110 | 0.0100 | get 0.0050% / 4h | 20m 33s | $7.0M | $3.7M | 50x |
Backpack JTO_USDC_PERP
MEXC JTO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$1.63
- Price spread: −0.027% → −0.150%
- $12.3
- Slippage, 4 orders
- −$25.56
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$24.89
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 58 min ago; MEXC: 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, 58 min ago | 0.68 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.96 bp | 4.8 bp −$5 | 22.5 bp −$225 | 83.5 bp −$8,352 | 155.7 bp −$77.9K |
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 | −0.0337% | 1h | 0.5104 | −0.145% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0193% | 8h | 0.5105 | −0.125% | $905K | $1.5M | 75x | as long as short |
| Paradex JTO-USD-PERP | −0.0024% | 8h | 0.5107 | −0.077% | $510 | — | 5x | as long as short |
| OKX JTO-USDT-SWAP | −0.0013% | 4h | 0.5108 | −0.067% | $3.9M | $9.5M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5112 | +0.015% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.371% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.708% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0034% | 1h | 0.5106 | −0.115% | $55K | $1K | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5113 | +0.025% | $101K | $193K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5118 | +0.132% | $7.0M | $3.2M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
Paradex JTO-USD-PERP
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bulk JTO-USD
Lighter JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5112 | +0.015% | $172K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5109 | −0.047% | $11.3M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5113 | +0.031% | $7.4M | $13.9M | 50x | as long as short |
| MEXC JTO_USDTshort | +0.0100% | 4h | 0.5110 | −0.027% | $7.0M | $3.7M | 50x | |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5110 | −0.027% | $1.6M | $631K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5111 | −0.008% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5109 | −0.047% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5105 | −0.119% | $223K | $305K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5104 | −0.145% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5108 | −0.068% | $518K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0108% | 1h | 0.5111 | long leg | $224K | $470K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5108 | −0.063% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0226% | 1h | 0.5110 | −0.023% | $345K | $313K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5172 | +1.186% | $57K | $115K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5105 | −0.125% | $626K | $608K | 75x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5111 | −0.008% | $367K | $266K | 5x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO