Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.053%
Price spread now: Hyperliquid against Paradex+0.174%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.174% dearer against Paradex than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex JTO-USD-PERP | 0.5063 | 0.0032 | pay 0.0032% / 8h | 20m 25s | $485 | $10 | 5x |
| Short | Hyperliquid JTO | 0.5072 | 0.0100 | get 0.0013% / 1h | 20m 25s | $6.9M | $3.1M | 5x |
Paradex JTO-USD-PERP
Hyperliquid JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Paradex. 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
- $14.2
- Price spread: +0.174% → 0.000%
- $17.43
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $18.63
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 2 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 2 min ago | 0.10 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
Paradex: 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 | −0.0541% | 1h | 0.5055 | −0.154% | $12K | $30K | 10x | as long as short |
| Gate JTO_USDT | −0.0044% | 8h | 0.5063 | +0.004% | $878K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5061 | −0.034% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +9.417% | — | — | — | as long as short |
| Paradex JTO-USD-PERPlong | +0.0032% | 8h | 0.5063 | long leg | $485 | $10 | 5x | |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −1.773% | $31 | $43K | 5.5x | as long as short |
| Bybit JTOUSDT | +0.0045% | 4h | 0.5063 | +0.004% | $6.7M | $14.3M | 50x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5062 | −0.011% | $113K | $243K | 10x | as long as short |
| Hyperliquid JTOshort | +0.0100% | 1h | 0.5072 | +0.174% | $6.9M | $3.1M | 5x | |
| Aster JTOUSDT | +0.0100% | 4h | 0.5067 | +0.074% | $118K | $230K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bybit JTOUSDT
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 | 0.5063 | +0.012% | $10.7M | $28.6M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5062 | −0.015% | $3.7M | $9.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5077 | +0.281% | $55K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5063 | +0.004% | $6.0M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5065 | +0.044% | $1.5M | $588K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5064 | +0.024% | $2.3M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5064 | +0.024% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5054 | −0.181% | $216K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5063 | +0.004% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5060 | −0.062% | $519K | $2.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0118% | 1h | 0.5062 | −0.013% | $244K | $324K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5057 | −0.107% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5055 | −0.154% | $584K | $560K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5065 | +0.044% | $57K | $131K | 25x | as long as short |
| Phoenix JTO | +0.0472% | 1h | 0.5066 | +0.064% | $369K | $123K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0850% | 1h | 0.5060 | −0.047% | $321K | $371K | 25x | as long as short |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
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
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD