Funding you earn now, next payment 23:00 UTC−0.0620%/8h= −67.9% APRnext payment −$0.78 per $10,000 · paid last 24h −0.137%
Price spread now: Deribit against Lighter−0.162%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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Deribit is 0.162% cheaper against Lighter than usual: you would sell low and buy high (−$16 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 | Lighter JTO | 0.5170 | 0.0096 | pay 0.0012% / 1h | 46m 40s | $99K | $174K | 10x |
| Short | Deribit JTO_USDC-PERPETUAL | 0.5162 | −0.0524 | pay 0.0066% / 1h | 46m 40s | $13K | $11K | 10x |
Lighter JTO
Deribit JTO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. 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
- −$130.26
- Price spread: −0.162% → 0.000%
- −$16.25
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$153.51
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 27 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 Lighter live order book, 27 min ago | 12.97 bp | 32.1 bp −$32 | 53.6 bp −$536 | 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 | −0.0524% | 1h | 0.5162 | −0.162% | $13K | $11K | 10x | |
| Gate JTO_USDT | −0.0155% | 8h | 0.5166 | −0.085% | $935K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0133% | 4h | 0.5163 | −0.143% | $3.9M | $9.9M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5166 | −0.094% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.138% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0007% | 8h | 0.5164 | −0.125% | $515 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.818% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0074% | 1h | 0.5168 | −0.046% | $56K | $1K | 10x | as long as short |
| Lighter JTOlong | +0.0096% | 1h | 0.5170 | long leg | $99K | $174K | 10x | |
| Aster JTOUSDT | +0.0100% | 4h | 0.5169 | −0.030% | $173K | $176K | 10x | as long as short |
Gate JTO_USDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Bulk JTO-USD
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5165 | −0.104% | $11.6M | $27.9M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5169 | −0.027% | $7.4M | $13.8M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5165 | −0.104% | $7.2M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5165 | −0.104% | $1.6M | $678K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5166 | −0.085% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5163 | −0.143% | — | $63.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5174 | +0.071% | $183K | $258K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5164 | −0.124% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5165 | −0.113% | $523K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0125% | 1h | 0.5170 | −0.010% | $227K | $512K | 10x | as long as short |
| Hyperliquid JTO | +0.0134% | 1h | 0.5177 | +0.120% | $7.3M | $3.1M | 5x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5165 | −0.101% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0304% | 1h | 0.5203 | +0.631% | $57K | $126K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5168 | −0.046% | $641K | $576K | 75x | as long as short |
| Phoenix JTO | +0.0463% | 1h | 0.5173 | +0.050% | $372K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0515% | 1h | 0.5169 | −0.022% | $352K | $313K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Backpack JTO_USDC_PERP
Hyperliquid JTO
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD