Funding you earn now, next payment 05:00 UTC+0.0291%/8h= +31.8% APRpaid last 24h −0.001%
Price spread now: Injective against Bybit−3.885%58s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 3.885% cheaper against Bybit than usual: you would sell low and buy high (spread −3.885% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$388 on $10k: about 45 days of funding at the current rate (+$9 a day). The two prices were read 58 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 | Bybit JTOUSDT | 0.5174 | −0.0257 | get 0.0129% / 4h | 3h 26m | $7.1M | $13.9M | 50x |
| Short | Injective JTO/USDC PERP | 0.4973 | 0.0033 | get 0.0004% / 1h | 26m 23s | $31 | $43K | 5.5x |
Bybit JTOUSDT
Injective JTO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- $61.01
- Price spread: −3.885% → 0.000%
- −$388.48
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$338.49
- Costs to cover
- 0.110%
- Break-even
- 45.8 days
Slippage unknown: Bybit: live order book, 2 min ago; Injective: no order-book sample. 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 Bybit live order book, 2 min ago | 0.97 bp | 24.1 bp −$24 | 78.3 bp −$783 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0359% | 8h | 0.5168 | −0.116% | $897K | $1.0M | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0330% | 1h | 0.5171 | −0.058% | $13K | $10K | 10x | as long as short |
| Bybit JTOUSDTlong | −0.0257% | 4h | 0.5174 | long leg | $7.1M | $13.9M | 50x | |
| dYdX JTO-USD | 0.0000% | 1h | 0.5174 | 0.000% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.066% | — | — | — | as long as short |
| Injective JTO/USDC PERPshort | +0.0033% | 1h | 0.4973 | −3.885% | $31 | $43K | 5.5x | |
| OKX JTO-USDT-SWAP | +0.0089% | 4h | 0.5168 | −0.116% | $3.9M | $9.4M | 50x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5173 | −0.019% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5177 | +0.058% | $119K | $227K | 10x | as long as short |
| Paradex JTO-USD-PERP | +0.0099% | 8h | 0.5166 | −0.156% | $516 | — | 5x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
OKX JTO-USDT-SWAP
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 | 0.5177 | +0.062% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5173 | −0.019% | $123K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5170 | −0.077% | $11.3M | $27.6M | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5170 | −0.077% | $6.2M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5171 | −0.060% | $1.5M | $603K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5172 | −0.039% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5172 | −0.039% | — | $27.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5178 | +0.079% | $224K | $239K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5145 | −0.560% | $56K | $17K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5168 | −0.107% | $522K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5172 | −0.034% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0310% | 1h | 0.5183 | +0.174% | $383K | $114K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5170 | −0.077% | $614K | $523K | 75x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0377% | 1h | 0.5176 | +0.030% | $337K | $311K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5182 | +0.155% | $59K | $137K | 25x | as long as short |
| Backpack JTO_USDC_PERP | +0.0719% | 1h | 0.5178 | +0.072% | $267K | $310K | 10x | as long as short |
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
Backpack JTO_USDC_PERP