Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.093%
Price spread now: Backpack against Extended+0.197%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$600.598% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)−0.281%−$28 · spread now +0.197%, 7d avg +0.176%
=Together, before fees−0.088%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 0.021% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.176%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended JTO-USD | 0.5134 | 0.0104 | pay 0.0013% / 1h | 15m 08s | $518K | $2.2M | 10x |
| Short | Backpack JTO_USDC_PERP | 0.5144 | 0.0158 | get 0.0020% / 1h | 15m 08s | $264K | $308K | 10x |
Extended JTO-USD
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- $11.39
- Price spread: +0.197% → +0.176%
- $2.1
- Slippage, 4 orders
- −$44.79
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$46.31
- Costs to cover
- 0.598%
- Break-even
- 35.5 days
Slippage from Extended: live order book, 4 min ago; Backpack: live order book, 33 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 Extended live order book, 4 min ago | 2.53 bp | 17.7 bp −$18 | 149.6 bp −$1,496 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0334% | 1h | 0.5134 | +0.007% | $3K | $20K | 10x | as long as short |
| Gate JTO_USDT | −0.0239% | 8h | 0.5136 | +0.045% | $902K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5139 | +0.106% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.908% | — | — | — | as long as short |
| OKX JTO-USDT-SWAP | +0.0030% | 4h | 0.5137 | +0.065% | $3.8M | $9.6M | 50x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.130% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0079% | 8h | 0.5138 | +0.093% | $492 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5142 | +0.157% | $114K | $229K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5146 | +0.248% | $7.0M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5139 | +0.095% | $122K | $220K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
OKX JTO-USDT-SWAP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5135 | +0.026% | $11.1M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5138 | +0.084% | $7.0M | $14.2M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5122 | −0.217% | $55K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5135 | +0.026% | $6.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5140 | +0.114% | $1.5M | $611K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5137 | +0.065% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5135 | +0.026% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5141 | +0.136% | $220K | $241K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5133 | −0.013% | $4K | $652 | 10x | as long as short |
| Extended JTO-USDlong | +0.0104% | 1h | 0.5134 | long leg | $518K | $2.2M | 10x | |
| Backpack JTO_USDC_PERPshort | +0.0158% | 1h | 0.5144 | +0.197% | $264K | $308K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5135 | +0.017% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5136 | +0.045% | $601K | $543K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5161 | +0.532% | $58K | $136K | 25x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5151 | +0.338% | $380K | $118K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0481% | 1h | 0.5145 | +0.231% | $344K | $349K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD