Funding you earn now, next payment 08:00 UTC+0.0990%/8h= +108.4% APRnext payment +$1.24 per $10,000 · paid last 24h +0.230%
Price spread now: Kraken Futures against Deribit+0.087%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 +$30 a day on $10k at the current rate, and Kraken Futures is 0.087% dearer against Deribit than usual: you sell high and buy low: +$9 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 | Deribit JTO_USDC-PERPETUAL | 0.5078 | −0.0144 | get 0.0018% / 1h | 38m 59s | $13K | $30K | 10x |
| Short | Kraken Futures PF_JTOUSD | 0.5082 | 0.0847 | get 0.0106% / 1h | 38m 59s | $322K | $369K | 25x |
Deribit JTO_USDC-PERPETUAL
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- $207.97
- Price spread: +0.087% → 0.000%
- $8.67
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $199.64
- Costs to cover
- 0.170%
- Break-even
- 0.3 days
Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 64 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 64 min ago | 21.61 bp | 40.1 bp −$40 | 174.1 bp −$1,741 | doesn't fit | doesn't fit |
Deribit: 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 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-PERPETUALlong | −0.0144% | 1h | 0.5078 | long leg | $13K | $30K | 10x | |
| Gate JTO_USDT | −0.0060% | 8h | 0.5077 | −0.020% | $881K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5080 | +0.039% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +9.090% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.068% | $31 | $43K | 5.5x | as long as short |
| Bybit JTOUSDT | +0.0068% | 4h | 0.5073 | −0.098% | $6.7M | $14.3M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0078% | 8h | 0.5069 | −0.173% | $486 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5082 | +0.085% | $114K | $243K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5082 | +0.081% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5077 | −0.020% | $118K | $228K | 10x | as long as short |
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Bybit JTOUSDT
Paradex JTO-USD-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 | 0.5075 | −0.054% | $10.8M | $28.7M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5074 | −0.079% | $3.7M | $9.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5083 | +0.098% | $55K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5076 | −0.039% | $6.1M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5079 | +0.018% | $1.5M | $588K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5077 | −0.020% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5075 | −0.059% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5088 | +0.197% | $217K | $235K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5076 | −0.039% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5074 | −0.086% | $521K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5079 | +0.021% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5077 | −0.020% | $582K | $562K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0364% | 1h | 0.5082 | +0.075% | $241K | $324K | 10x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5103 | +0.492% | $57K | $140K | 25x | as long as short |
| Phoenix JTO | +0.0472% | 1h | 0.5099 | +0.414% | $371K | $123K | 5x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0847% | 1h | 0.5082 | +0.087% | $322K | $369K | 25x |
Binance JTOUSDT
OKX JTO-USDT-SWAP
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]
BloFin JTO-USDT
Backpack JTO_USDC_PERP
Coinbase International JTO-PERP-INTX
Phoenix JTO