Funding you earn now, next payment 09:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.16 per $10,000 · paid last 24h +0.113%
Price spread now: Backpack against Injective+2.421%72s7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 2.421% dearer against Injective than usual: you sell high and buy low: +$242 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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 | Injective JTO/USDC PERP | 0.4973 | 0.0033 | pay 0.0004% / 1h | 53m 45s | $31 | $43K | 5.5x |
| Short | Backpack JTO_USDC_PERP | 0.5093 | 0.0159 | get 0.0020% / 1h | 53m 45s | $240K | $322K | 10x |
Injective JTO/USDC PERP
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. 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
- $26.41
- Price spread: +2.421% → 0.000%
- $242.11
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $258.5
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Backpack: live order book, 45 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 45 min ago | 0.10 bp | 14.2 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | −0.0632% | 4h | 0.5086 | +2.272% | $6.8M | $14.3M | 50x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0536% | 1h | 0.5085 | +2.252% | $13K | $30K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5097 | +2.495% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +11.396% | — | — | — | as long as short |
| Injective JTO/USDC PERPlong | +0.0033% | 1h | 0.4973 | long leg | $31 | $43K | 5.5x | |
| Paradex JTO-USD-PERP | +0.0044% | 8h | 0.5088 | +2.313% | $487 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5092 | +2.399% | $114K | $240K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5093 | +2.417% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5091 | +2.382% | $119K | $233K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5087 | +2.292% | $10.7M | $28.4M | 75x | as long as short |
Bybit JTOUSDT
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5083 | +2.212% | $3.7M | $9.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5092 | +2.392% | $55K | −$0 | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5091 | +2.373% | $882K | $923K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5087 | +2.292% | $6.3M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5093 | +2.419% | $1.5M | $581K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5090 | +2.353% | $2.3M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5087 | +2.292% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5092 | +2.386% | $218K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5086 | +2.272% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5086 | +2.264% | $522K | $2.7M | 10x | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0159% | 1h | 0.5093 | +2.421% | $240K | $322K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5091 | +2.375% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5098 | +2.514% | $587K | $564K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5090 | +2.353% | $58K | $134K | 25x | as long as short |
| Phoenix JTO | +0.0472% | 1h | 0.5114 | +2.835% | $372K | $128K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0765% | 1h | 0.5092 | +2.389% | $323K | $369K | 25x | as long as short |
OKX JTO-USDT-SWAP
Bulk JTO-USD
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD