Funding you earn now, next payment 02:00 UTC+0.0667%/8h= +73.0% APRnext payment +$0.83 per $10,000 · paid last 24h +0.054%
Price spread now: Kraken Futures against Bulk+0.274%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Kraken Futures is 0.274% dearer against Bulk than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk JTO-USD | 0.5162 | 0.0100 | pay 0.0013% / 1h | 25m 28s | $56K | $15K | 10x |
| Short | Kraken Futures PF_JTOUSD | 0.5177 | 0.0767 | get 0.0096% / 1h | 25m 28s | $349K | $307K | 25x |
Bulk JTO-USD
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bulk. 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
- $139.97
- Price spread: +0.274% → 0.000%
- $27.4
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $150.37
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Bulk: no order-book sample; Kraken Futures: live order book, 42 min ago. Net counts fees only.
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 Bulk no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 42 min ago | 21.31 bp | 40.0 bp −$40 | 204.2 bp −$2,042 | doesn't fit | doesn't fit |
Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
JTO on 25 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 | −0.0330% | 1h | 0.5170 | +0.147% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0130% | 8h | 0.5155 | −0.143% | $909K | $1.1M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5161 | −0.025% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.307% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.669% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0074% | 4h | 0.5162 | −0.008% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0077% | 8h | 0.5157 | −0.104% | $515 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5170 | +0.147% | $4K | $872 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5169 | +0.126% | $128K | $224K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5160 | −0.051% | $127K | $222K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Aster JTOUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5160 | −0.046% | $11.4M | $27.7M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5164 | +0.031% | $7.5M | $13.5M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5163 | +0.012% | $6.8M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5168 | +0.116% | $1.6M | $579K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5163 | +0.012% | $2.4M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5161 | −0.027% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5168 | +0.103% | $266K | $434K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5170 | +0.150% | $225K | $296K | — | as long as short |
| Bulk JTO-USDlong | +0.0100% | 1h | 0.5162 | long leg | $56K | $15K | 10x | |
| Extended JTO-USD | +0.0104% | 1h | 0.5157 | −0.111% | $523K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5172 | +0.193% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5166 | +0.070% | $59K | $138K | 25x | as long as short |
| Hyperliquid JTO | +0.0461% | 1h | 0.5174 | +0.223% | $7.2M | $3.2M | 5x | as long as short |
| Phoenix JTO | +0.0466% | 1h | 0.5170 | +0.147% | $382K | $114K | 5x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0767% | 1h | 0.5177 | +0.274% | $349K | $307K | 25x |
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
Hyperliquid JTO
Phoenix JTO