Settings8H · net · $10k
Funding arb · Price arb /

JTO

all JTO markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees+0.001%$0 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance JTOUSDT0.51450.0100pay 0.0050% / 4h2h 16m$11.1M$28.0M75x
ShortBackpack JTO_USDC_PERP0.51520.0150get 0.0019% / 1h16m 12s$265K$308K10x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago0.98 bp13.6 bp −$1431.7 bp −$317308.0 bp −$30.8Kdoesn't fit
Sell Backpack live order book, 32 min ago1.05 bp14.2 bp −$14doesn't fitdoesn't fitdoesn't fit

JTO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate JTO_USDT−0.0243%8h0.5142−0.058%$903K$1.0M75xas long as short
Deribit JTO_USDC-PERPETUAL−0.0139%1h0.5142−0.058%$3K$20K10xas long as short
dYdX JTO-USD0.0000%1h0.5140−0.098%$4K$4K5xas long as short
Reya JTORUSDPERP0.0000%1h0.5540+7.670%as long as short
OKX JTO-USDT-SWAP+0.0026%4h0.5142−0.058%$3.8M$9.6M50xas long as short
Injective JTO/USDC PERP+0.0033%1h0.4973−3.343%$31$43K5.5xas long as short
Paradex JTO-USD-PERP+0.0078%8h0.5138−0.140%$492$105xas long as short
Bybit JTOUSDT+0.0093%4h0.5142−0.058%$7.0M$14.2M50xas long as short
Lighter JTO+0.0096%1h0.5148+0.062%$115K$229K10xas long as short
Hyperliquid JTO+0.0100%1h0.5153+0.148%$7.0M$3.0M5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster JTOUSDT+0.0100%4h0.5144−0.023%$122K$220K10xas long as short
Binance JTOUSDTlong+0.0100%4h0.5145long leg$11.1M$28.0M75x
Bulk JTO-USD+0.0100%1h0.5122−0.437%$55K$2K10xas long as short
MEXC JTO_USDT+0.0100%4h0.5143−0.039%$6.0M$3.6M50xas long as short
KuCoin JTOUSDTM+0.0100%4h0.5147+0.041%$1.5M$611K20xas long as short
Bitget JTOUSDT+0.0100%4h0.51450.000%$2.4M$2.3M50xas long as short
BingX JTO-USDT+0.0100%4h0.5142−0.058%$8.6Mas long as short
Variational Omni JTO+0.0100%4h0.5142−0.056%$220K$241Kas long as short
Orderly PERP_JTO_USDC_mythos+0.0100%4h0.5142−0.058%$4K$65210xas long as short
Extended JTO-USD+0.0104%1h0.5140−0.100%$518K$2.2M10xas long as short
Backpack JTO_USDC_PERPshort+0.0150%1h0.5152+0.132%$265K$308K10x
GMX JTO/USD [WBTC.b-USDC]L +0.0224% / S −0.2181%1h0.5143−0.042%$2K50xas long as short
BloFin JTO-USDT+0.0340%4h0.5141−0.078%$602K$544K75xas long as short
Coinbase International JTO-PERP-INTX+0.0440%1h0.5161+0.311%$58K$136K25xas long as short
Phoenix JTO+0.0464%1h0.5151+0.117%$380K$118K5xas long as short
Kraken Futures PF_JTOUSD+0.0481%1h0.5150+0.094%$344K$349K25xas long as short