Funding you earn now, next payment 03:00 UTC+0.0576%/8h= +63.1% APRpaid last 24h +0.077%
Price spread now: Kraken Futures against Bybit+0.182%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1291.287% of the position
Funding, last 7 days+0.571%+$57 on $10k
+Price spread, last 4 days (all we have)−0.358%−$36 · spread now +0.182%, 7d avg +0.077%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.105% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit JTOUSDT | 0.5144 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $7.3M | $13.8M | 50x |
| Short | Kraken Futures PF_JTOUSD | 0.5153 | 0.0676 | get 0.0085% / 1h | 32m 02s | $346K | $306K | 25x |
Bybit JTOUSDT
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $120.99
- Price spread: +0.182% → +0.077%
- $10.48
- Slippage, 4 orders
- −$107.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $2.75
- Costs to cover
- 1.287%
- Break-even
- 6.8 days
Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 31 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 Bybit live order book, 1 min ago | 0.97 bp | 19.9 bp −$20 | 65.9 bp −$659 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 31 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 | −0.0332% | 1h | 0.5149 | +0.097% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0329% | 8h | 0.5147 | +0.058% | $898K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5157 | +0.253% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.691% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.324% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0081% | 8h | 0.5155 | +0.221% | $515 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5149 | +0.097% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5155 | +0.224% | $118K | $228K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5154 | +0.202% | $7.0M | $3.3M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5152 | +0.162% | $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 | 0.5144 | 0.000% | $11.3M | $27.2M | 75x | as long as short |
| Bybit JTOUSDTlong | +0.0100% | 4h | 0.5144 | long leg | $7.3M | $13.8M | 50x | |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5145 | +0.019% | $3.9M | $9.3M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5147 | +0.058% | $56K | $15K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5148 | +0.078% | $6.7M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5155 | +0.218% | $1.6M | $587K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5151 | +0.136% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5148 | +0.078% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5155 | +0.214% | $268K | $330K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5148 | +0.087% | $223K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5149 | +0.104% | $520K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5153 | +0.179% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0336% | 1h | 0.5161 | +0.330% | $59K | $135K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5151 | +0.136% | $619K | $516K | 75x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5161 | +0.330% | $381K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0676% | 1h | 0.5153 | +0.182% | $346K | $306K | 25x |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
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
BloFin JTO-USDT
Phoenix JTO