Funding you earn now, next payment 20:00 UTC+0.0171%/8hnext payment +$0.21 per $10,000 · paid last 24h +0.058%
Price spread now: Backpack against GMX+0.036%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.036% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX JTO/USD [WBTC.b-USDC] | 0.5109 | L +0.0223% / S −0.2181% | pay 0.0028% / 1h | 6m 42s | $2K | — | 50x |
| Short | Backpack JTO_USDC_PERP | 0.5111 | 0.0395 | get 0.0049% / 1h | 6m 42s | $262K | $535K | 10x |
GMX JTO/USD [WBTC.b-USDC]
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against GMX. 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
- $36.01
- Price spread: +0.036% → 0.000%
- $3.64
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $17.65
- Costs to cover
- 0.220%
- Break-even
- 3.6 days
Slippage unknown: GMX: no order-book sample; Backpack: live order book, 26 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 26 min ago | 0.10 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0728% | 1h | 0.5105 | −0.081% | $22K | $561 | 10x | as long as short |
| OKX JTO-USDT-SWAP | −0.0112% | 4h | 0.5101 | −0.159% | $3.9M | $9.8M | 50x | as long as short |
| Gate JTO_USDT | −0.0103% | 8h | 0.5104 | −0.101% | $931K | $1.6M | 75x | as long as short |
| Paradex JTO-USD-PERP | 0.0000% | 8h | 0.5103 | −0.126% | $509 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5110 | +0.017% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.419% | — | — | — | as long as short |
| Bybit JTOUSDT | +0.0010% | 4h | 0.5105 | −0.081% | $7.5M | $13.2M | 50x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.665% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5109 | −0.005% | $97K | $184K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5114 | +0.099% | $7.2M | $3.2M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
OKX JTO-USDT-SWAP
Gate JTO_USDT
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Bybit JTOUSDT
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5108 | −0.026% | $171K | $190K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5102 | −0.131% | $11.5M | $28.0M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5087 | −0.433% | $55K | $1K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5104 | −0.101% | $7.2M | $4.1M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5109 | +0.003% | $1.5M | $508K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5104 | −0.101% | $2.5M | $2.5M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5105 | −0.081% | — | $63.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5093 | −0.307% | $180K | $260K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5105 | −0.081% | $4K | $3K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5101 | −0.150% | $507K | $844K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC]long | L +0.0223% / S −0.2181% | 1h | 0.5109 | long leg | $2K | — | 50x | |
| Phoenix JTO | +0.0313% | 1h | 0.5113 | +0.076% | $368K | $270K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5101 | −0.159% | $647K | $536K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0344% | 1h | 0.5116 | +0.134% | $57K | $129K | 25x | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0395% | 1h | 0.5111 | +0.036% | $262K | $535K | 10x | |
| Kraken Futures PF_JTOUSD | +0.0785% | 1h | 0.5114 | +0.101% | $345K | $295K | 25x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSD