Funding you earn now, next payment 01:00 UTC+0.0143%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.058%
Price spread now: Kraken Futures against Extended+0.227%7-day average +0.167% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1101.098% of the position
Funding, last 7 days+0.425%+$42 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.227%, 7d avg +0.167%
=Together, before fees+0.438%+ Points / potential airdropExtended: Active · farm board+$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.061% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.167%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended JTO-USD | 0.5163 | 0.0104 | pay 0.0013% / 1h | 38m 09s | $519K | $1.7M | 10x |
| Short | Kraken Futures PF_JTOUSD | 0.5175 | 0.0247 | get 0.0031% / 1h | 38m 09s | $349K | $312K | 25x |
Extended JTO-USD
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $29.95
- Price spread: +0.227% → +0.167%
- $6.07
- Slippage, 4 orders
- −$94.77
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$73.76
- Costs to cover
- 1.098%
- Break-even
- 24.2 days
Slippage from Extended: live order book, 5 min ago; Kraken Futures: live order book, 35 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 Extended live order book, 5 min ago | 3.10 bp | 17.0 bp −$17 | 163.0 bp −$1,630 | 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 | +0.043% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0363% | 8h | 0.5160 | −0.053% | $913K | $1.2M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0083% | 4h | 0.5175 | +0.237% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0008% | 8h | 0.5161 | −0.038% | $515 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5160 | −0.050% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.294% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.676% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5171 | +0.169% | $102K | $187K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5172 | +0.173% | $7.1M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5166 | +0.067% | $173K | $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 | 0.5171 | +0.151% | $11.4M | $28.0M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5177 | +0.276% | $7.6M | $13.6M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5156 | −0.131% | $56K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5169 | +0.121% | $7.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5173 | +0.194% | $1.6M | $599K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5177 | +0.276% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5175 | +0.237% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5173 | +0.192% | $226K | $302K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5165 | +0.043% | $4K | $2K | 10x | as long as short |
| Extended JTO-USDlong | +0.0104% | 1h | 0.5163 | long leg | $519K | $1.7M | 10x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5168 | +0.104% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0247% | 1h | 0.5175 | +0.227% | $349K | $312K | 25x | |
| Phoenix JTO | +0.0312% | 1h | 0.5189 | +0.508% | $373K | $262K | 5x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5168 | +0.101% | $66K | $123K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5153 | −0.189% | $618K | $603K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0509% | 1h | 0.5178 | +0.291% | $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
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP