JTO Funding Rate — live across 14 venues

Compared across 14 supported venues · net of estimated fees · updated every few minutes

Live annualized JTO perpetual funding across all 14 venues Perpia tracks. Right now JTO funding is positive on 14 and negative on 0, ranging from +156.3% on BackPack to +8.8% on Extended — a spread of 147.6%. The widest delta-neutral trade is long MEXC / short BackPack at 145.1% net APR.

venues

paying positive

147.6%

funding spread

Best JTO spread now

145.1%

net APR after fees

Long MEXC→Short BackPack

size depends on live venue depth — see the real cap in the scanner

JTO funding trend & liquidity

168h of history

147.6%

current gross APR

12.2%

24h average

19.9%

7-day average

$202K

pair OI · lower leg

$151K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

JTO funding rate history

30d · 6h buckets · 12 venues

123%0-96.1%

6 Aug5 Sep

JTO — average across 12 venuesAsterBackPackExtendedHyperliquid

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +6.6%. A break in a line means no data was recorded for that stretch, not a zero rate.

JTO funding rate by venue

13 pairs scanned

Venue	Funding APR	Interval
BackPack ↗	+156.3%	1h
BingX ↗	+10.9%	4h
OKX ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
Gate.io ↗	+10.9%	8h
Variational ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Hyperliquid ↗	+10.9%	1h
Aster ↗	+10.9%	4h
Lighter ↗	+10.5%	8h
Binance ↗	+8.8%	4h
MEXC ↗	+8.8%	4h
Extended ↗	+8.8%	1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the MEXC vs BackPack page.

JTO arbitrage — 30-day backtest

long MEXC · short BackPack

20.0%

backtested APR

+$164

historical net P&L on $10,000

0.32%

max drawdown

$10,000$10,164

30 days agostarting capital $10,000today

Over the last 30 days, holding long MEXC / short BackPack would have produced 20.0% APR — versus the 145.1% the live spread implies right now (equity $10,000 → $10,164). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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JTO funding — FAQ

Is JTO funding positive right now?

JTO perpetual funding is positive on 14 of 14 venues Perpia tracks. The highest is +156.3% on BackPack; the lowest is +8.8% on Extended.

What is the best JTO funding arbitrage right now?

Go long MEXC and short BackPack for about 145.1% net APR after fees — the widest delta-neutral JTO spread Perpia currently sees.

Which exchange has the highest JTO funding rate?

BackPack, at +156.3% annualized. Funding shifts continuously, so check the live table above before trading.

How JTO funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to JTO

Markets also quoted on both BackPack and MEXC — the same two exchanges you would already have funded for the JTO trade.

See every spread between them on the BackPack vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this