Funding you earn now, next payment 00:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.071%
Price spread now: Kraken Futures against Binance+0.346%54s7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$970.969% of the position
Funding, last 7 days+0.431%+$43 on $10k
+Price spread, last 3 days (all we have)−0.198%−$20 · spread now +0.346%, 7d avg +0.135%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.211% dearer against Binance than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.135%. The two prices were read 54 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 | Binance JTOUSDT | 0.5174 | 0.0100 | pay 0.0050% / 4h | 49m 27s | $11.5M | $27.9M | 75x |
| Short | Kraken Futures PF_JTOUSD | 0.5192 | 0.0223 | get 0.0028% / 1h | 49m 27s | $352K | $311K | 25x |
Binance JTOUSDT
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $25.8
- Price spread: +0.346% → +0.135%
- $21.08
- Slippage, 4 orders
- −$76.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$50.05
- Costs to cover
- 0.969%
- Break-even
- 20.6 days
Slippage from Binance: live order book, 7 min ago; Kraken Futures: live order book, 28 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 Binance live order book, 7 min ago | 0.96 bp | 11.1 bp −$11 | 26.0 bp −$260 | 271.3 bp −$27.1K | doesn't fit |
| Sell Kraken Futures live order book, 28 min ago | 19.53 bp | 35.3 bp −$35 | 183.0 bp −$1,830 | 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 | −0.0328% | 1h | 0.5184 | +0.199% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0138% | 8h | 0.5185 | +0.218% | $934K | $1.4M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0034% | 4h | 0.5170 | −0.072% | $3.9M | $9.6M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0027% | 8h | 0.5178 | +0.090% | $517 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5187 | +0.259% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.066% | — | — | — | as long as short |
| Bulk JTO-USD | +0.0023% | 1h | 0.5183 | +0.179% | $56K | $1K | 10x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.880% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5189 | +0.297% | $106K | $177K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5189 | +0.286% | $7.3M | $3.1M | 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
Bulk JTO-USD
Injective JTO/USDC PERP
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 | 0.5184 | +0.191% | $174K | $176K | 10x | as long as short |
| Binance JTOUSDTlong | +0.0100% | 4h | 0.5174 | long leg | $11.5M | $27.9M | 75x | |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5173 | −0.014% | $7.4M | $13.8M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5178 | +0.083% | $7.2M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5181 | +0.144% | $1.6M | $640K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5184 | +0.199% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5179 | +0.102% | — | $66.2M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5180 | +0.118% | $183K | $258K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5174 | +0.005% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5178 | +0.082% | $526K | $854K | 10x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0223% | 1h | 0.5192 | +0.346% | $352K | $311K | 25x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5181 | +0.143% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5189 | +0.295% | $57K | $117K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5179 | +0.102% | $629K | $629K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0344% | 1h | 0.5191 | +0.342% | $227K | $481K | 10x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5194 | +0.392% | $373K | $266K | 5x | as long as short |
Aster JTOUSDT
Bybit JTOUSDT
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]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP
Phoenix JTO