Funding you earn now, next payment 05:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.090%
Price spread now: Backpack against Bitget+0.099%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$650.650% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.099%, 7d avg +0.084%
=The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.188% in total (about 9.8% 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 | Bitget JTOUSDT | 0.5155 | 0.0100 | pay 0.0050% / 4h | 3h 07m | $2.4M | $2.3M | 50x |
| Short | Backpack JTO_USDC_PERP | 0.5160 | 0.0624 | get 0.0078% / 1h | 7m 47s | $265K | $310K | 10x |
Bitget JTOUSDT
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- $110.14
- Price spread: +0.099% → +0.084%
- $1.52
- Slippage, 4 orders
- −$43.04
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $46.62
- Costs to cover
- 0.650%
- Break-even
- 4.0 days
Slippage from Bitget: live order book, 5 min ago; Backpack: live order book, 46 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 Bitget live order book, 5 min ago | 1.94 bp | 19.5 bp −$20 | 62.1 bp −$621 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 46 min ago | 0.10 bp | 14.1 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 | −0.0356% | 8h | 0.5149 | −0.116% | $890K | $1.0M | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0332% | 1h | 0.5151 | −0.078% | $13K | $10K | 10x | as long as short |
| Bybit JTOUSDT | −0.0226% | 4h | 0.5155 | 0.000% | $7.1M | $14.0M | 50x | as long as short |
| OKX JTO-USDT-SWAP | −0.0005% | 4h | 0.5150 | −0.097% | $3.9M | $9.4M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5146 | −0.173% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.459% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.531% | $31 | $43K | 5.5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5151 | −0.078% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5160 | +0.087% | $117K | $228K | 10x | as long as short |
| Paradex JTO-USD-PERP | +0.0097% | 8h | 0.5145 | −0.198% | $513 | — | 5x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Paradex JTO-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid JTO | +0.0100% | 1h | 0.5163 | +0.157% | $7.0M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5158 | +0.060% | $123K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5156 | +0.011% | $11.3M | $27.6M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5157 | +0.039% | $56K | $9K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5154 | −0.019% | $6.1M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5153 | −0.029% | $1.5M | $603K | 20x | as long as short |
| Bitget JTOUSDTlong | +0.0100% | 4h | 0.5155 | long leg | $2.4M | $2.3M | 50x | |
| BingX JTO-USDT | +0.0100% | 4h | 0.5152 | −0.058% | — | $27.5M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5143 | −0.242% | $222K | $240K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5153 | −0.047% | $518K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5153 | −0.047% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0310% | 1h | 0.5172 | +0.330% | $382K | $114K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5137 | −0.349% | $613K | $519K | 75x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0379% | 1h | 0.5151 | −0.068% | $332K | $313K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5181 | +0.504% | $59K | $137K | 25x | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0624% | 1h | 0.5160 | +0.099% | $265K | $310K | 10x |
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
BingX JTO-USDT
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX