Funding you earn now, next payment 03:00 UTC+0.0334%/8h= +36.6% APRpaid last 24h −0.016%
Price spread now: Kraken Futures against BloFin+0.207%7-day average +0.155% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1211.209% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.207%, 7d avg +0.155%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.051% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.155%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% 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 | BloFin JTO-USDT | 0.5160 | 0.0340 | pay 0.0170% / 4h | 1h 12m | $481K | $505K | 75x |
| Short | Kraken Futures PF_JTOUSD | 0.5171 | 0.0674 | get 0.0084% / 1h | 12m 27s | $340K | $314K | 25x |
BloFin JTO-USDT
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $70.11
- Price spread: +0.207% → +0.155%
- $5.14
- Slippage, 4 orders
- −$98.94
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$45.68
- Costs to cover
- 1.209%
- Break-even
- 11.6 days
Slippage from BloFin: live order book, 29 min ago; Kraken Futures: live order book, 50 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 BloFin live order book, 29 min ago | 2.93 bp | 17.6 bp −$18 | 32.2 bp −$322 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 50 min ago | 23.24 bp | 51.7 bp −$52 | 209.9 bp −$2,099 | 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 | −0.0717% | 1h | 0.5164 | +0.078% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0372% | 8h | 0.5162 | +0.039% | $898K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5159 | −0.020% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.354% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.624% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0082% | 8h | 0.5154 | −0.122% | $514 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5165 | +0.097% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5162 | +0.043% | $118K | $228K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5159 | −0.014% | $7.0M | $3.3M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5162 | +0.039% | $126K | $219K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5154 | −0.108% | $11.3M | $27.3M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5152 | −0.155% | $7.3M | $13.9M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5149 | −0.213% | $3.9M | $9.3M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5154 | −0.116% | $6.7M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5165 | +0.097% | $1.6M | $586K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5151 | −0.174% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5157 | −0.058% | — | $68.0M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5179 | +0.378% | $224K | $288K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5172 | +0.224% | $56K | $15K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5154 | −0.116% | $520K | $1.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0155% | 1h | 0.5168 | +0.151% | $267K | $325K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5169 | +0.175% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0336% | 1h | 0.5197 | +0.717% | $60K | $135K | 25x | as long as short |
| BloFin JTO-USDTlong | +0.0340% | 4h | 0.5160 | long leg | $481K | $505K | 75x | |
| Phoenix JTO | +0.0464% | 1h | 0.5183 | +0.446% | $383K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0674% | 1h | 0.5171 | +0.207% | $340K | $314K | 25x |
Binance JTOUSDT
Bybit JTOUSDT
OKX JTO-USDT-SWAP
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
Phoenix JTO