JTO

Alert

Funding spread now, next payment 17:00 UTC−0.0356%/8h

next payment, per $10,000−$0.45paid, last 24h+0.100%paid, last 7 days−0.242%to open and close $10k−$116

Long on Kraken Futures Short on Backpack

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.242% in total (about -12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 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	Kraken Futures PF_JTOUSD	0.5128	0.0456	pay 0.0057% / 1h	52m 47s	$338K	$271K	25x
Short	Backpack JTO_USDC_PERP	0.5125	0.0100	get 0.0013% / 1h	52m 47s	$266K	$582K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BackpackbpOrdersRate

Funding earned: −$74.8
Slippage, 4 orders: −$96.22
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$191.02
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 56 min ago; Backpack: live order book, 57 min ago.

Price risk

price view

Price gap now: −0.058%
Avg gap 7d: +0.034%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Kraken Futures live order book, 56 min ago	21.41 bp	47.5 bp −$47	266.7 bp −$2,667	doesn't fit	doesn't fit
Sell Backpack live order book, 57 min ago	0.10 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit

JTO on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate JTO_USDT	−0.1022%	8h	$958K	$1.6M	75x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0530%	1h	$23K	$1K	10x	as long as short
Bybit JTOUSDT	−0.0193%	4h	$7.6M	$12.6M	50x	as long as short
Paradex JTO-USD-PERP	−0.0014%	8h	$509	—	5x	as long as short
dYdX JTO-USD	0.0000%	1h	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0072%	4h	$3.9M	$10.6M	50x	as long as short
Lighter JTO	+0.0096%	1h	$122K	$161K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	$7.3M	$4.2M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	$173K	$221K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	$11.8M	$30.2M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	$55K	$737	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	$7.0M	$4.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	$1.3M	$560K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	$2.6M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	—	$63.5M	—	as long as short
Backpack JTO_USDC_PERPshort	+0.0100%	1h	$266K	$582K	10x
Variational Omni JTO	+0.0100%	4h	$213K	$275K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	$4K	$4K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	$510K	$844K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	$2K	—	50x	as long as short
Coinbase International JTO-PERP-INTX	+0.0288%	1h	$58K	$142K	25x	as long as short
Phoenix JTO	+0.0310%	1h	$380K	$274K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	$686K	$588K	75x	as long as short
Kraken Futures PF_JTOUSDlong	+0.0456%	1h	$338K	$271K	25x