Funding you earn now, next payment 02:00 UTC−0.0124%/8h= −13.5% APRnext payment −$0.15 per $10,000 · paid last 24h +0.068%
Price spread now: Backpack against GMX+0.155%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Backpack is 0.155% dearer against GMX than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX JTO/USD [WBTC.b-USDC] | 0.5134 | L +0.0224% / S −0.2181% | pay 0.0028% / 1h | 47m 21s | $2K | — | 50x |
| Short | Backpack JTO_USDC_PERP | 0.5142 | 0.0100 | get 0.0013% / 1h | 47m 21s | $222K | $434K | 10x |
GMX JTO/USD [WBTC.b-USDC]
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against GMX. 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
- −$25.97
- Price spread: +0.155% → 0.000%
- $15.52
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$32.45
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Backpack: live order book, 21 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 21 min ago | 0.10 bp | 15.8 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0334% | 1h | 0.5134 | −0.001% | $13K | $10K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5133 | −0.020% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.899% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.137% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0046% | 4h | 0.5123 | −0.215% | $3.9M | $9.4M | 50x | as long as short |
| Gate JTO_USDT | +0.0062% | 8h | 0.5133 | −0.020% | $904K | $1.0M | 75x | as long as short |
| Paradex JTO-USD-PERP | +0.0064% | 8h | 0.5134 | 0.000% | $512 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5130 | −0.078% | $4K | $872 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5141 | +0.126% | $108K | $200K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5138 | +0.077% | $128K | $222K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Gate JTO_USDT
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter 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 | 0.5131 | −0.063% | $11.3M | $27.7M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5135 | +0.019% | $7.5M | $13.6M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5132 | −0.039% | $56K | $15K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5132 | −0.040% | $6.9M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5141 | +0.138% | $1.6M | $577K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5135 | +0.019% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5133 | −0.020% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0100% | 1h | 0.5142 | +0.155% | $222K | $434K | 10x | |
| Variational Omni JTO | +0.0100% | 4h | 0.5138 | +0.072% | $223K | $296K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5129 | −0.100% | $520K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC]long | L +0.0224% / S −0.2181% | 1h | 0.5134 | long leg | $2K | — | 50x | |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5139 | +0.097% | $59K | $135K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5133 | −0.020% | $622K | $568K | 75x | as long as short |
| Phoenix JTO | +0.0466% | 1h | 0.5145 | +0.214% | $380K | $114K | 5x | as long as short |
| Hyperliquid JTO | +0.0507% | 1h | 0.5143 | +0.179% | $7.2M | $3.0M | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0772% | 1h | 0.5140 | +0.120% | $347K | $308K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Extended JTO-USD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO
Hyperliquid JTO
Kraken Futures PF_JTOUSD