Funding you earn now, next payment 23:00 UTC−0.0433%/8h= −47.4% APRpaid last 24h −0.117%
Price spread now: Deribit against Bybit−0.097%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Deribit is 0.097% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit JTOUSDT | 0.5146 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $7.3M | $13.8M | 50x |
| Short | Deribit JTO_USDC-PERPETUAL | 0.5141 | −0.0333 | pay 0.0042% / 1h | 5m 53s | $13K | $11K | 10x |
Bybit JTOUSDT
Deribit JTO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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
- −$90.97
- Price spread: −0.097% → 0.000%
- −$9.72
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$118.69
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 7 min ago; Deribit: 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 Bybit live order book, 7 min ago | 0.98 bp | 25.2 bp −$25 | 67.6 bp −$676 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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-PERPETUALshort | −0.0333% | 1h | 0.5141 | −0.097% | $13K | $11K | 10x | |
| Gate JTO_USDT | −0.0165% | 8h | 0.5137 | −0.175% | $925K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0086% | 4h | 0.5138 | −0.155% | $3.9M | $9.9M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0082% | 8h | 0.5133 | −0.246% | $512 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5137 | −0.169% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.644% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.362% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5143 | −0.051% | $97K | $175K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5147 | +0.017% | $7.2M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5142 | −0.071% | $173K | $176K | 10x | as long as short |
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC 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 | 0.5139 | −0.136% | $11.5M | $28.0M | 75x | as long as short |
| Bybit JTOUSDTlong | +0.0100% | 4h | 0.5146 | long leg | $7.3M | $13.8M | 50x | |
| Bulk JTO-USD | +0.0100% | 1h | 0.5109 | −0.710% | $55K | $1K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5139 | −0.136% | $7.2M | $3.8M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5141 | −0.095% | $1.6M | $642K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5143 | −0.058% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5139 | −0.136% | — | $66.2M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5145 | −0.021% | $226K | $494K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5115 | −0.606% | $180K | $258K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5141 | −0.097% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5138 | −0.156% | $521K | $854K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5143 | −0.065% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0304% | 1h | 0.5142 | −0.078% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5130 | −0.311% | $630K | $572K | 75x | as long as short |
| Phoenix JTO | +0.0463% | 1h | 0.5134 | −0.233% | $369K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0517% | 1h | 0.5145 | −0.018% | $349K | $313K | 25x | as long as short |
Binance JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD