Funding you earn now, next payment 06:00 UTC−0.1053%/8h= −115.3% APRpaid last 24h −0.093%
Price spread now: Variational Omni against Backpack−0.254%7-day average −0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.217%−$22 on $10k
+Price spread, last 4 days (all we have)+0.315%+$32 · spread now −0.254%, 7d avg −0.090%
=Together, before fees+0.098%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Variational Omni is 0.165% cheaper against Backpack than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.090%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.217% in total (about -22.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5193 | 0.1153 | pay 0.0144% / 1h | 55m 30s | $269K | $310K | 10x |
| Short | Variational Omni JTO | 0.5180 | 0.0100 | get 0.0050% / 4h | 2h 55m | $222K | $242K | — |
Backpack JTO_USDC_PERP
Variational Omni JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$221.17
- Price spread: −0.254% → −0.090%
- −$16.47
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$247.64
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 58 min ago; Variational Omni: RFQ quote, 58 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 Backpack live order book, 58 min ago | 0.10 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 58 min ago | 5.80 bp | doesn't fit | 73.4 bp −$734 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0342% | 8h | 0.5184 | −0.169% | $897K | $985K | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0328% | 1h | 0.5184 | −0.169% | $13K | $10K | 10x | as long as short |
| Bybit JTOUSDT | −0.0115% | 4h | 0.5175 | −0.343% | $7.1M | $14.0M | 50x | as long as short |
| OKX JTO-USDT-SWAP | −0.0044% | 4h | 0.5172 | −0.401% | $3.9M | $9.4M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5188 | −0.092% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +6.679% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.233% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0096% | 8h | 0.5176 | −0.329% | $517 | — | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5188 | −0.091% | $116K | $228K | 10x | as long as short |
| Variational Omni JTOshort | +0.0100% | 4h | 0.5180 | −0.254% | $222K | $242K | — |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid JTO | +0.0100% | 1h | 0.5183 | −0.183% | $7.0M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5176 | −0.318% | $123K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5173 | −0.387% | $11.3M | $27.6M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5143 | −0.952% | $56K | $9K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5173 | −0.381% | $6.1M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5179 | −0.266% | $1.6M | $604K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5174 | −0.362% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5174 | −0.362% | — | $27.5M | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5180 | −0.246% | $4K | $652 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5177 | −0.300% | $521K | $2.2M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5176 | −0.322% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0310% | 1h | 0.5191 | −0.035% | $383K | $118K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5170 | −0.439% | $617K | $536K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5186 | −0.131% | $59K | $138K | 25x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0477% | 1h | 0.5191 | −0.034% | $335K | $313K | 25x | as long as short |
| Backpack JTO_USDC_PERPlong | +0.1153% | 1h | 0.5193 | long leg | $269K | $310K | 10x |
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD