Funding you earn now, next payment 09:00 UTC+0.0663%/8h= +72.5% APRpaid last 24h +0.088%
Price spread now: Kraken Futures against BingX+0.153%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1281.281% of the position
Funding, last 7 days+0.440%+$44 on $10k
+Price spread, last 4 days (all we have)−0.373%−$37 · spread now +0.153%, 7d avg +0.113%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Kraken Futures is 0.040% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.113%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.440% in total (about 23.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX JTO-USDT | 0.5100 | 0.0100 | pay 0.0050% / 4h | 3h 14m | — | $8.5M | — |
| Short | Kraken Futures PF_JTOUSD | 0.5108 | 0.0763 | get 0.0095% / 1h | 14m 10s | $338K | $383K | 25x |
BingX JTO-USDT
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $139.13
- Price spread: +0.153% → +0.113%
- $4.01
- Slippage, 4 orders
- −$108.12
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $15.01
- Costs to cover
- 1.281%
- Break-even
- 6.2 days
Slippage from BingX: live order book, 9 min ago; Kraken Futures: live order book, 19 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 BingX live order book, 9 min ago | 1.97 bp | 12.8 bp −$13 | 30.3 bp −$303 | 244.8 bp −$24.5K | 559.8 bp −$279.9K |
| Sell Kraken Futures live order book, 19 min ago | 26.75 bp | 33.4 bp −$33 | 127.9 bp −$1,279 | 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 | −0.0338% | 1h | 0.5103 | +0.059% | $13K | $30K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5106 | +0.118% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.619% | — | — | — | as long as short |
| Bybit JTOUSDT | +0.0020% | 4h | 0.5100 | 0.000% | $6.7M | $14.1M | 50x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.490% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0038% | 8h | 0.5102 | +0.035% | $489 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5109 | +0.173% | $114K | $242K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5108 | +0.147% | $6.9M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5104 | +0.085% | $119K | $233K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5101 | +0.015% | $10.7M | $28.0M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Bybit JTOUSDT
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5099 | −0.020% | $3.8M | $9.7M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5100 | −0.008% | $55K | −$0 | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5102 | +0.039% | $882K | $938K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5102 | +0.039% | $6.2M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5106 | +0.110% | $1.4M | $637K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5105 | +0.098% | $2.3M | $2.3M | 50x | as long as short |
| BingX JTO-USDTlong | +0.0100% | 4h | 0.5100 | long leg | — | $8.5M | — | |
| Variational Omni JTO | +0.0100% | 4h | 0.5111 | +0.211% | $218K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5104 | +0.078% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5100 | −0.007% | $522K | $2.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0126% | 1h | 0.5109 | +0.176% | $241K | $321K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5104 | +0.083% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0313% | 1h | 0.5114 | +0.275% | $362K | $128K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5103 | +0.059% | $578K | $564K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5112 | +0.235% | $58K | $132K | 25x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0763% | 1h | 0.5108 | +0.153% | $338K | $383K | 25x |
OKX JTO-USDT-SWAP
Bulk JTO-USD
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX