Jito (JTO) Perpetual Futures

The open-interest-weighted JTO funding rate is +0.0046% per 8 hours, or +5.05% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from -0.0917% on Kraken to +0.0100% on Hyperliquid. Compare all funding rates.

JTO perpetual open interest is $33.95M (79.36M JTO), up 1.56% in 24 hours. Binance holds the most at $8.39M. That is 14.78% of Jito's market cap.

Jito is a Solana infrastructure project that runs liquid staking through JitoSOL and builds MEV tools used by many Solana validators. Its block engine lets searchers and traders bid tips for transaction placement, and part of that value goes to stakers. JTO is the governance token.

Jito perps traded $63.01M in the last 24 hours, +62.97% on the day before. BingX leads with 67%, followed by Binance ($7.10M) and WhiteBIT ($5.90M).

Over the last 24 hours 20.6% of accounts are long and 79.4% short, a long/short ratio of 0.26. See the long/short ratio by exchange.

JitoSOL is a liquid staking token for SOL. Holders earn regular staking rewards plus a share of MEV tips collected by validators running Jito's software, and they can still use JitoSOL across Solana DeFi. JTO perps track the governance token, which is separate from JitoSOL.

MEV, or maximal extractable value, is the profit available from ordering transactions within a block, such as arbitrage or liquidations. On Solana, Jito's system lets traders pay tips for priority placement. Higher on-chain activity usually means more tips, which is why JTO is often seen as a bet on Solana usage.

$24.8K of JTO positions were liquidated in 24 hours, $18.5K longs and $6.3K shorts. Binance saw the most at $6.3K. See liquidations across the market.

JTO is used to vote on Jito DAO matters, such as fee settings, treasury spending and changes to the stake pool. It was distributed partly through an airdrop to early JitoSOL users and other Solana participants. JTO itself does not earn staking yield.

JTO perpetual futures are derivatives contracts that track the price of JTO and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any JTO.

Funding is a payment between longs and shorts. When JTO perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

JTO perps trade on 12 tracked exchanges. By volume the largest are BingX, Binance and WhiteBIT. Compare fees and features on the best perpetual exchanges.

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.