Funding you earn now, next payment 08:00 UTC−0.0173%/8h= −18.9% APRpaid last 24h −0.093%
Price spread now: Bitget against Backpack−0.074%49s7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.074%, 7d avg −0.083%
=The price spread sits at its 7-day average of −0.083%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5101 | 0.0273 | pay 0.0034% / 1h | 0m 18s | $244K | $323K | 10x |
| Short | Bitget JTOUSDT | 0.5097 | 0.0100 | get 0.0050% / 4h | 0m 18s | $2.3M | $2.4M | 50x |
Backpack JTO_USDC_PERP
Bitget JTOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$36.26
- Price spread: −0.074% → −0.083%
- $0.84
- Slippage, 4 orders
- −$44.23
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$101.66
- Costs to cover
- 0.662%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 38 min ago; Bitget: live order book, 2 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, 38 min ago | 0.10 bp | 9.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.94 bp | 22.7 bp −$23 | 65.8 bp −$658 | 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 | −0.0338% | 1h | 0.5096 | −0.094% | $13K | $30K | 10x | as long as short |
| Gate JTO_USDT | −0.0022% | 8h | 0.5097 | −0.074% | $883K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5099 | −0.035% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.601% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.505% | $31 | $43K | 5.5x | as long as short |
| Bybit JTOUSDT | +0.0048% | 4h | 0.5094 | −0.133% | $6.8M | $14.4M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0051% | 8h | 0.5092 | −0.163% | $488 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5099 | −0.027% | $114K | $243K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5100 | −0.012% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5095 | −0.110% | $119K | $232K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bybit JTOUSDT
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid 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 | 0.5093 | −0.153% | $10.7M | $28.6M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5091 | −0.192% | $3.7M | $9.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5120 | +0.378% | $55K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5093 | −0.153% | $6.1M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5098 | −0.065% | $1.5M | $588K | 20x | as long as short |
| Bitget JTOUSDTshort | +0.0100% | 4h | 0.5097 | −0.074% | $2.3M | $2.4M | 50x | |
| BingX JTO-USDT | +0.0100% | 4h | 0.5094 | −0.133% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5096 | −0.098% | $218K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5093 | −0.153% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5093 | −0.161% | $524K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5098 | −0.061% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0273% | 1h | 0.5101 | long leg | $244K | $323K | 10x | |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5101 | +0.004% | $582K | $565K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5100 | −0.016% | $58K | $134K | 25x | as long as short |
| Phoenix JTO | +0.0472% | 1h | 0.5108 | +0.141% | $372K | $123K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0843% | 1h | 0.5104 | +0.058% | $324K | $369K | 25x | as long as short |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD