Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.1% APRpaid last 24h +0.101%
Price spread now: Backpack against Variational Omni+0.111%7-day average +0.091% · 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)+0.214%+$21 on $10k
+Price spread, last 3 days (all we have)−0.131%−$13 · spread now +0.111%, 7d avg +0.091%
=Together, before fees+0.083%+ Points / potential airdropVariational Omni: Active · farm board+$8 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 0.020% dearer against Variational Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.091%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni JTO | 0.5131 | 0.0100 | pay 0.0050% / 4h | 0m 28s | $224K | $305K | — |
| Short | Backpack JTO_USDC_PERP | 0.5137 | 0.0155 | get 0.0019% / 1h | 0m 28s | $226K | $463K | 10x |
Variational Omni JTO
Backpack JTO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- $11.65
- Price spread: +0.111% → +0.091%
- $2.01
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $3.65
- Costs to cover
- 0.100%
- Break-even
- 4.8 days
Slippage unknown: Variational Omni: RFQ quote, 14 min ago; Backpack: live order book, 13 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 Variational Omni RFQ quote, 14 min ago | 5.88 bp | doesn't fit | 66.6 bp −$666 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 13 min ago | 0.88 bp | 14.5 bp −$15 | 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 | 0.5135 | +0.072% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0191% | 8h | 0.5127 | −0.084% | $909K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0047% | 4h | 0.5120 | −0.220% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0025% | 8h | 0.5127 | −0.081% | $512 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5132 | +0.013% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.951% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.085% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0087% | 1h | 0.5106 | −0.493% | $55K | $640 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5132 | +0.012% | $101K | $193K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5133 | +0.027% | $7.0M | $3.2M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bulk JTO-USD
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 | 0.5130 | −0.028% | $172K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5122 | −0.185% | $11.3M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5126 | −0.103% | $7.5M | $13.8M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5123 | −0.162% | $7.0M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5131 | −0.006% | $1.6M | $599K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5130 | −0.025% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5126 | −0.103% | — | $67.9M | — | as long as short |
| Variational Omni JTOlong | +0.0100% | 4h | 0.5131 | long leg | $224K | $305K | — | |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5125 | −0.123% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5126 | −0.107% | $518K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERPshort | +0.0155% | 1h | 0.5137 | +0.111% | $226K | $463K | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5127 | −0.077% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0225% | 1h | 0.5140 | +0.163% | $347K | $313K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5172 | +0.793% | $57K | $113K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5125 | −0.123% | $619K | $608K | 75x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5131 | −0.006% | $368K | $266K | 5x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO