Funding you earn now, next payment 07:00 UTC−0.0745%/8h= −81.6% APRpaid last 24h −0.069%
Price spread now: Binance against Kraken Futures−0.187%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1171.165% of the position
Funding, last 7 days−0.448%−$45 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.187%, 7d avg −0.131%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Binance is 0.056% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.131%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.448% in total (about -23.4% 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 | Kraken Futures PF_JTOUSD | 0.5102 | 0.0845 | pay 0.0106% / 1h | 6m 52s | $323K | $374K | 25x |
| Short | Binance JTOUSDT | 0.5093 | 0.0100 | get 0.0050% / 4h | 1h 06m | $10.8M | $28.7M | 75x |
Kraken Futures PF_JTOUSD
Binance JTOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$156.55
- Price spread: −0.187% → −0.131%
- −$5.6
- Slippage, 4 orders
- −$96.51
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$278.66
- Costs to cover
- 1.165%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 36 min ago; Binance: live order book, 4 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 Kraken Futures live order book, 36 min ago | 21.61 bp | 47.8 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.96 bp | 15.3 bp −$15 | 38.2 bp −$382 | 262.9 bp −$26.3K | 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 | −0.0143% | 1h | 0.5093 | −0.182% | $13K | $30K | 10x | as long as short |
| Gate JTO_USDT | −0.0117% | 8h | 0.5093 | −0.182% | $884K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5090 | −0.239% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.572% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.534% | $31 | $43K | 5.5x | as long as short |
| Bybit JTOUSDT | +0.0075% | 4h | 0.5092 | −0.202% | $6.8M | $14.2M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0083% | 8h | 0.5088 | −0.285% | $487 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5100 | −0.043% | $114K | $243K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5103 | +0.013% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5095 | −0.135% | $119K | $228K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
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 JTOUSDTshort | +0.0100% | 4h | 0.5093 | −0.187% | $10.8M | $28.7M | 75x | |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5092 | −0.202% | $3.8M | $9.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5092 | −0.192% | $55K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5095 | −0.143% | $6.1M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5095 | −0.151% | $1.5M | $595K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5094 | −0.162% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5090 | −0.241% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5093 | −0.191% | $218K | $235K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5094 | −0.162% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5092 | −0.192% | $521K | $2.2M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0201% | 1h | 0.5098 | −0.084% | $218K | $310K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5094 | −0.169% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5093 | −0.182% | $585K | $550K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0456% | 1h | 0.5108 | +0.112% | $58K | $139K | 25x | as long as short |
| Phoenix JTO | +0.0467% | 1h | 0.5103 | +0.014% | $377K | $118K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0845% | 1h | 0.5102 | long leg | $323K | $374K | 25x |
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
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO