Funding you earn now, next payment 09:00 UTC+0.0539%/8h= +59.0% APRnext payment +$0.67 per $10,000 · paid last 24h +0.051%
Price spread now: Kraken Futures against GMX+0.126%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 +$16 a day on $10k at the current rate, and Kraken Futures is 0.126% dearer against GMX than usual: you sell high and buy low: +$13 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 | GMX JTO/USD [WBTC.b-USDC] | 0.5103 | L +0.0224% / S −0.2181% | pay 0.0028% / 1h | 46m 49s | $2K | — | 50x |
| Short | Kraken Futures PF_JTOUSD | 0.5110 | 0.0762 | get 0.0095% / 1h | 46m 49s | $324K | $369K | 25x |
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against GMX. 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
- $113.11
- Price spread: +0.126% → 0.000%
- $12.56
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $103.67
- Costs to cover
- 0.220%
- Break-even
- 0.6 days
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 51 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 GMX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 51 min ago | 22.68 bp | 33.9 bp −$34 | 135.9 bp −$1,359 | doesn't fit | doesn't fit |
GMX: 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-PERPETUAL | −0.0338% | 1h | 0.5101 | −0.043% | $13K | $30K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5101 | −0.040% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.551% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.551% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0040% | 8h | 0.5097 | −0.120% | $488 | $10 | 5x | as long as short |
| Bybit JTOUSDT | +0.0062% | 4h | 0.5096 | −0.141% | $6.8M | $14.3M | 50x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5102 | −0.029% | $114K | $240K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5109 | +0.104% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5100 | −0.059% | $119K | $233K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5095 | −0.158% | $10.7M | $28.4M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Bybit JTOUSDT
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5092 | −0.219% | $3.7M | $9.8M | 50x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5102 | −0.023% | $883K | $924K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5096 | −0.141% | $6.3M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5104 | +0.010% | $1.5M | $581K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5101 | −0.043% | $2.3M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5101 | −0.043% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5099 | −0.079% | $218K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5100 | −0.062% | $4K | $918 | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5089 | −0.278% | $55K | −$0 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5099 | −0.088% | $522K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC]long | L +0.0224% / S −0.2181% | 1h | 0.5103 | long leg | $2K | — | 50x | |
| Phoenix JTO | +0.0313% | 1h | 0.5100 | −0.062% | $371K | $128K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5097 | −0.121% | $583K | $564K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0369% | 1h | 0.5109 | +0.108% | $241K | $320K | 10x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5119 | +0.310% | $58K | $135K | 25x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0762% | 1h | 0.5110 | +0.126% | $324K | $369K | 25x |
OKX JTO-USDT-SWAP
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
Phoenix JTO
BloFin JTO-USDT
Backpack JTO_USDC_PERP
Coinbase International JTO-PERP-INTX