Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.095%
Price spread now: Backpack against MEXC+0.145%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)−0.125%−$13 · spread now +0.145%, 7d avg +0.150%
=The price spread sits at its 7-day average of +0.150%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC JTO_USDT | 0.5166 | 0.0100 | pay 0.0050% / 4h | 1h 11m | $6.7M | $3.5M | 50x |
| Short | Backpack JTO_USDC_PERP | 0.5173 | 0.0146 | get 0.0018% / 1h | 11m 03s | $268K | $325K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- $9.64
- Price spread: +0.145% → +0.150%
- −$0.49
- Slippage, 4 orders
- −$24.07
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$24.92
- Costs to cover
- 0.341%
- Break-even
- 25.1 days
Slippage from MEXC: live order book, 2 min ago; Backpack: live order book, 53 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 MEXC live order book, 2 min ago | 0.97 bp | 4.2 bp −$4 | 17.9 bp −$179 | 72.2 bp −$7,224 | 168.3 bp −$84.1K |
| Sell Backpack live order book, 53 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0524% | 1h | 0.5163 | −0.058% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0368% | 8h | 0.5157 | −0.174% | $898K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5153 | −0.252% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.229% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.736% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0082% | 8h | 0.5152 | −0.275% | $514 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5162 | −0.077% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5170 | +0.077% | $118K | $228K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5175 | +0.168% | $7.1M | $3.3M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5163 | −0.050% | $126K | $219K | 10x | as long as short |
Show all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5166 | 0.000% | $11.3M | $27.3M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5168 | +0.039% | $7.3M | $13.9M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5166 | 0.000% | $3.9M | $9.3M | 50x | as long as short |
| MEXC JTO_USDTlong | +0.0100% | 4h | 0.5166 | long leg | $6.7M | $3.5M | 50x | |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5162 | −0.079% | $1.6M | $586K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5167 | +0.019% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5167 | +0.019% | — | $68.0M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5155 | −0.203% | $223K | $288K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5172 | +0.108% | $56K | $15K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5161 | −0.103% | $518K | $1.7M | 10x | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0146% | 1h | 0.5173 | +0.145% | $268K | $325K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5161 | −0.093% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0336% | 1h | 0.5197 | +0.600% | $60K | $135K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5165 | −0.019% | $482K | $506K | 75x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5183 | +0.329% | $383K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0674% | 1h | 0.5168 | +0.038% | $339K | $316K | 25x | as long as short |
MEXC JTO_USDT
Backpack JTO_USDC_PERP
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
OKX JTO-USDT-SWAP
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO
Kraken Futures PF_JTOUSD