Funding you earn now, next payment 01:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.098%
Price spread now: BingX against Backpack−0.098%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$470.474% of the position
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.098%, 7d avg −0.135%
=The price spread pays, funding is against you. BingX is 0.037% dearer against Backpack than usual: you sell high and buy low (spread −0.098% now, against its 7-day average of −0.135%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.145% in total) that is about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5124 | 0.0291 | pay 0.0036% / 1h | 58m 12s | $225K | $463K | 10x |
| Short | BingX JTO-USDT | 0.5119 | 0.0100 | get 0.0050% / 4h | 3h 58m | — | $67.9M | — |
Backpack JTO_USDC_PERP
BingX JTO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Backpack. 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
- −$40.1
- Price spread: −0.098% → −0.135%
- $3.71
- Slippage, 4 orders
- −$27.44
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$83.83
- Costs to cover
- 0.474%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 16 min ago; BingX: live order book, 16 min ago.
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 Backpack live order book, 16 min ago | 0.88 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 16 min ago | 1.96 bp | 11.4 bp −$11 | 23.2 bp −$232 | 132.9 bp −$13.3K | 498.3 bp −$249.1K |
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 | −0.0336% | 1h | 0.5118 | −0.117% | $13K | $11K | 10x | as long as short |
| OKX JTO-USDT-SWAP | −0.0037% | 4h | 0.5113 | −0.215% | $3.9M | $9.4M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0023% | 8h | 0.5112 | −0.243% | $510 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5114 | −0.195% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.104% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.947% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5120 | −0.088% | $101K | $186K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5121 | −0.061% | $7.0M | $3.2M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5121 | −0.067% | $172K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5117 | −0.137% | $11.3M | $28.1M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5118 | −0.117% | $7.5M | $13.8M | 50x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5113 | −0.215% | $908K | $1.2M | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5113 | −0.215% | $7.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5120 | −0.086% | $1.6M | $599K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5119 | −0.098% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDTshort | +0.0100% | 4h | 0.5119 | −0.098% | — | $67.9M | — | |
| Variational Omni JTO | +0.0100% | 4h | 0.5131 | +0.143% | $224K | $305K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5118 | −0.117% | $4K | $2K | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5128 | +0.078% | $56K | −$0 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5116 | −0.157% | $518K | $851K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5121 | −0.062% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0249% | 1h | 0.5123 | −0.025% | $346K | $313K | 25x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0291% | 1h | 0.5124 | long leg | $225K | $463K | 10x | |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5113 | −0.215% | $56K | $112K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5113 | −0.215% | $616K | $606K | 75x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5131 | +0.137% | $368K | $261K | 5x | as long as short |
Bybit JTOUSDT
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO