Funding you earn now, next payment 23:00 UTC+0.0691%/8h= +75.6% APRpaid last 24h +0.111%
Price spread now: Kraken Futures against Gate+0.163%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1501.502% of the position
Funding, last 7 days+0.451%+$45 on $10k
+Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.163%, 7d avg +0.100%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Kraken Futures is 0.062% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.100%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.451% in total (about 23.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate JTO_USDT | 0.5112 | −0.0171 | get 0.0171% / 8h | 1h 09m | $920K | $1.5M | 75x |
| Short | Kraken Futures PF_JTOUSD | 0.5120 | 0.0520 | get 0.0065% / 1h | 9m 29s | $347K | $313K | 25x |
Gate JTO_USDT
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $145.08
- Price spread: +0.163% → +0.100%
- $6.24
- Slippage, 4 orders
- −$125.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1.11
- Costs to cover
- 1.502%
- Break-even
- 6.9 days
Slippage from Gate: live order book, 3 min ago; Kraken Futures: live order book, 8 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 Gate live order book, 3 min ago | 3.91 bp | 39.4 bp −$39 | 96.8 bp −$968 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 8 min ago | 19.53 bp | 35.3 bp −$35 | 183.0 bp −$1,830 | 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 | −0.0727% | 1h | 0.5112 | 0.000% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDTlong | −0.0171% | 8h | 0.5112 | long leg | $920K | $1.5M | 75x | |
| Paradex JTO-USD-PERP | −0.0088% | 8h | 0.5119 | +0.129% | $511 | — | 5x | as long as short |
| OKX JTO-USDT-SWAP | −0.0083% | 4h | 0.5121 | +0.176% | $3.9M | $9.8M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5119 | +0.142% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.360% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.719% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5122 | +0.203% | $97K | $175K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5124 | +0.235% | $7.2M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5121 | +0.170% | $172K | $176K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Paradex JTO-USD-PERP
OKX JTO-USDT-SWAP
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 | 0.5122 | +0.196% | $11.4M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5126 | +0.274% | $7.3M | $13.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5109 | −0.050% | $55K | $1K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5118 | +0.117% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5120 | +0.162% | $1.6M | $642K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5126 | +0.274% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5120 | +0.156% | — | $66.2M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5120 | +0.149% | $225K | $502K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5115 | +0.055% | $180K | $258K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5111 | −0.020% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5118 | +0.116% | $518K | $854K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5115 | +0.056% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0304% | 1h | 0.5131 | +0.372% | $56K | $124K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5112 | 0.000% | $630K | $570K | 75x | as long as short |
| Phoenix JTO | +0.0463% | 1h | 0.5126 | +0.274% | $369K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0520% | 1h | 0.5120 | +0.163% | $347K | $313K | 25x |
Binance JTOUSDT
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO