Funding you earn now, next payment 23:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.101%
Price spread now: Backpack against Variational Omni−0.250%7-day average +0.089% · 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)+0.213%+$21 on $10k
+Price spread, last 3 days (all we have)+0.190%+$19 · spread now −0.250%, 7d avg +0.089%
=Together, before fees+0.403%+ Points / potential airdropVariational Omni: Active · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.340% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.250% now, against its 7-day average of +0.089%). If the spread goes back, that is −$34 on $10k: about 3 months of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.213% in total) that is about 5.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni JTO | 0.5155 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $183K | $259K | — |
| Short | Backpack JTO_USDC_PERP | 0.5142 | 0.0114 | get 0.0014% / 1h | 32m 27s | $226K | $506K | 10x |
Variational Omni JTO
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- $2.88
- Price spread: −0.250% → +0.089%
- −$33.96
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$41.08
- Costs to cover
- 0.100%
- Break-even
- 106.9 days
Slippage unknown: Variational Omni: RFQ quote, 52 min ago; Backpack: live order book, 51 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 Variational Omni RFQ quote, 52 min ago | 6.75 bp | doesn't fit | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 51 min ago | 0.10 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0722% | 1h | 0.5137 | −0.347% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0167% | 8h | 0.5134 | −0.406% | $928K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0071% | 4h | 0.5125 | −0.580% | $3.9M | $9.9M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5139 | −0.303% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.454% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0024% | 8h | 0.5132 | −0.441% | $512 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.529% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0064% | 1h | 0.5180 | +0.491% | $56K | $1K | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5141 | −0.276% | $98K | $174K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5143 | −0.232% | $7.2M | $3.1M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Bulk JTO-USD
Lighter JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5139 | −0.308% | $172K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5130 | −0.483% | $11.5M | $27.9M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5131 | −0.464% | $7.4M | $13.7M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5132 | −0.444% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5143 | −0.231% | $1.6M | $641K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5132 | −0.444% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5134 | −0.406% | — | $63.6M | — | as long as short |
| Variational Omni JTOlong | +0.0100% | 4h | 0.5155 | long leg | $183K | $259K | — | |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5136 | −0.367% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5132 | −0.440% | $521K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0114% | 1h | 0.5142 | −0.250% | $226K | $506K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5139 | −0.307% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0304% | 1h | 0.5192 | +0.720% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5140 | −0.289% | $637K | $573K | 75x | as long as short |
| Phoenix JTO | +0.0463% | 1h | 0.5158 | +0.060% | $371K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0518% | 1h | 0.5143 | −0.230% | $349K | $314K | 25x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
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