Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.094%
Price spread now: Backpack against Binance+0.132%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$550.546% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.132%, 7d avg +0.147%
=The price spread sits at its 7-day average of +0.147%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance JTOUSDT | 0.5145 | 0.0100 | pay 0.0050% / 4h | 2h 16m | $11.1M | $28.0M | 75x |
| Short | Backpack JTO_USDC_PERP | 0.5152 | 0.0150 | get 0.0019% / 1h | 16m 12s | $265K | $308K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- $10.57
- Price spread: +0.132% → +0.147%
- −$1.46
- Slippage, 4 orders
- −$34.59
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$45.47
- Costs to cover
- 0.546%
- Break-even
- 37.1 days
Slippage from Binance: live order book, 10 min ago; Backpack: live order book, 32 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 Binance live order book, 10 min ago | 0.98 bp | 13.6 bp −$14 | 31.7 bp −$317 | 308.0 bp −$30.8K | doesn't fit |
| Sell Backpack live order book, 32 min ago | 1.05 bp | 14.2 bp −$14 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0243% | 8h | 0.5142 | −0.058% | $903K | $1.0M | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0139% | 1h | 0.5142 | −0.058% | $3K | $20K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5140 | −0.098% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.670% | — | — | — | as long as short |
| OKX JTO-USDT-SWAP | +0.0026% | 4h | 0.5142 | −0.058% | $3.8M | $9.6M | 50x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.343% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0078% | 8h | 0.5138 | −0.140% | $492 | $10 | 5x | as long as short |
| Bybit JTOUSDT | +0.0093% | 4h | 0.5142 | −0.058% | $7.0M | $14.2M | 50x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5148 | +0.062% | $115K | $229K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5153 | +0.148% | $7.0M | $3.0M | 5x | as long as short |
Show all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5144 | −0.023% | $122K | $220K | 10x | as long as short |
| Binance JTOUSDTlong | +0.0100% | 4h | 0.5145 | long leg | $11.1M | $28.0M | 75x | |
| Bulk JTO-USD | +0.0100% | 1h | 0.5122 | −0.437% | $55K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5143 | −0.039% | $6.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5147 | +0.041% | $1.5M | $611K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5145 | 0.000% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5142 | −0.058% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5142 | −0.056% | $220K | $241K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5142 | −0.058% | $4K | $652 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5140 | −0.100% | $518K | $2.2M | 10x | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0150% | 1h | 0.5152 | +0.132% | $265K | $308K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5143 | −0.042% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5141 | −0.078% | $602K | $544K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5161 | +0.311% | $58K | $136K | 25x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5151 | +0.117% | $380K | $118K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0481% | 1h | 0.5150 | +0.094% | $344K | $349K | 25x | as long as short |
Binance JTOUSDT
Backpack JTO_USDC_PERP
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
OKX JTO-USDT-SWAP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Bybit JTOUSDT
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD