Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.021%
Price spread now: BloFin against Backpack−0.325%66s7-day average −0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as 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−$420.423% of the position
Funding, last 7 days+0.250%+$25 on $10k
+Price spread, last 4 days (all we have)−0.217%−$22 · spread now −0.325%, 7d avg −0.194%
=Funding pays, the price is against you. BloFin is 0.131% cheaper against Backpack than usual: you would sell low and buy high (spread −0.325% now, against its 7-day average of −0.194%). If the spread goes back, that is −$13 on $10k: about 24 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.250% in total) that is about 3.7 days. The two prices were read 66 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 | 0.5106 | 0.0322 | pay 0.0040% / 1h | 47m 28s | $241K | $320K | 10x |
| Short | BloFin JTO-USDT | 0.5089 | 0.0340 | get 0.0170% / 4h | 3h 47m | $582K | $563K | 75x |
Backpack JTO_USDC_PERP
BloFin JTO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $3.86
- Price spread: −0.325% → −0.194%
- −$13.13
- Slippage, 4 orders
- −$20.29
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$51.56
- Costs to cover
- 0.423%
- Break-even
- 100.5 days
Slippage from Backpack: live order book, 51 min ago; BloFin: live order book, 29 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, 51 min ago | 0.10 bp | 9.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 29 min ago | 0.98 bp | 9.7 bp −$10 | 23.1 bp −$231 | 125.6 bp −$12.6K | 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 | 0.5099 | −0.129% | $13K | $30K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5107 | +0.031% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.499% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.597% | $31 | $43K | 5.5x | as long as short |
| Bybit JTOUSDT | +0.0036% | 4h | 0.5105 | −0.012% | $6.8M | $14.3M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0039% | 8h | 0.5105 | −0.015% | $489 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5110 | +0.090% | $114K | $240K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5112 | +0.118% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5107 | +0.034% | $119K | $233K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5105 | −0.016% | $10.8M | $28.4M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bybit JTOUSDT
Paradex JTO-USD-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 | |
|---|---|---|---|---|---|---|---|---|
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5100 | −0.110% | $3.7M | $9.8M | 50x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5101 | −0.090% | $883K | $924K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5102 | −0.071% | $6.3M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5105 | −0.020% | $1.5M | $581K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5105 | −0.012% | $2.3M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5105 | −0.012% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5099 | −0.126% | $218K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5099 | −0.129% | $4K | $918 | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5089 | −0.325% | $55K | −$0 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5104 | −0.030% | $522K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5100 | −0.102% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0313% | 1h | 0.5100 | −0.110% | $371K | $128K | 5x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.0322% | 1h | 0.5106 | long leg | $241K | $320K | 10x | |
| BloFin JTO-USDTshort | +0.0340% | 4h | 0.5089 | −0.325% | $582K | $563K | 75x | |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5108 | +0.047% | $58K | $135K | 25x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0763% | 1h | 0.5104 | −0.024% | $324K | $369K | 25x | as long as short |
OKX JTO-USDT-SWAP
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD