Funding you earn now, next payment 00:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.017%
Price spread now: Kraken Futures against Coinbase International+0.126%7-day average −0.255% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 3 days (all we have)−0.115%−$12 · spread now +0.126%, 7d avg −0.255%
=The price spread pays, funding is against you. Kraken Futures is 0.381% dearer against Coinbase International than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of −0.255%): +$38 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International JTO-PERP-INTX | 0.5168 | 0.0320 | pay 0.0040% / 1h | 38m 04s | $66K | $123K | 25x |
| Short | Kraken Futures PF_JTOUSD | 0.5175 | 0.0247 | get 0.0031% / 1h | 38m 04s | $349K | $312K | 25x |
Coinbase International JTO-PERP-INTX
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- −$15.41
- Price spread: +0.126% → −0.255%
- $38.09
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $2.67
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 35 min ago; Kraken Futures: live order book, 35 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 Coinbase International live order book, 35 min ago | 19.59 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 35 min ago | 17.61 bp | 35.9 bp −$36 | 168.2 bp −$1,682 | 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 | −0.0524% | 1h | 0.5165 | −0.058% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0363% | 8h | 0.5166 | −0.039% | $914K | $1.2M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0083% | 4h | 0.5175 | +0.135% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0008% | 8h | 0.5161 | −0.139% | $515 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5160 | −0.151% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.185% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.773% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5171 | +0.068% | $102K | $187K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5182 | +0.277% | $7.1M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5173 | +0.098% | $174K | $177K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
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 | 0.5174 | +0.117% | $11.4M | $28.0M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5180 | +0.232% | $7.6M | $13.6M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5156 | −0.232% | $56K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5169 | +0.019% | $7.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5173 | +0.093% | $1.6M | $599K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5181 | +0.252% | $2.6M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5175 | +0.135% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5173 | +0.091% | $226K | $302K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5165 | −0.058% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5175 | +0.131% | $522K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5168 | +0.002% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0247% | 1h | 0.5175 | +0.126% | $349K | $312K | 25x | |
| Phoenix JTO | +0.0312% | 1h | 0.5189 | +0.406% | $373K | $262K | 5x | as long as short |
| Coinbase International JTO-PERP-INTXlong | +0.0320% | 1h | 0.5168 | long leg | $66K | $123K | 25x | |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5153 | −0.290% | $618K | $603K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0509% | 1h | 0.5178 | +0.190% | $226K | $464K | 10x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
Bulk JTO-USD
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]
Phoenix JTO
BloFin JTO-USDT
Backpack JTO_USDC_PERP