Funding you earn now, next payment 03:00 UTC−0.0579%/8h= −63.4% APRpaid last 24h −0.056%
Price spread now: BingX against Kraken Futures+0.033%7-day average −0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1131.131% of the position
Funding, last 7 days−0.407%−$41 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now +0.033%, 7d avg −0.113%
=The price spread pays, funding is against you. BingX is 0.146% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.113%): +$15 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.407% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JTOUSD | 0.5128 | 0.0679 | pay 0.0085% / 1h | 37m 37s | $345K | $306K | 25x |
| Short | BingX JTO-USDT | 0.5130 | 0.0100 | get 0.0050% / 4h | 1h 37m | — | $68.0M | — |
Kraken Futures PF_JTOUSD
BingX JTO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$121.68
- Price spread: +0.033% → −0.113%
- $14.61
- Slippage, 4 orders
- −$93.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$220.15
- Costs to cover
- 1.131%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 25 min ago; BingX: live order book, 16 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, 25 min ago | 23.24 bp | 31.7 bp −$32 | 705.8 bp −$7,058 | doesn't fit | doesn't fit |
| Sell BingX live order book, 16 min ago | 2.92 bp | 15.6 bp −$16 | 29.4 bp −$294 | 166.3 bp −$16.6K | 525.8 bp −$262.9K |
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 | −0.0530% | 1h | 0.5123 | −0.103% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0329% | 8h | 0.5128 | −0.006% | $895K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5129 | +0.013% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.020% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.028% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0079% | 8h | 0.5130 | +0.024% | $512 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5123 | −0.103% | $3K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5130 | +0.027% | $117K | $228K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5131 | +0.057% | $7.0M | $3.3M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5125 | −0.059% | $126K | $219K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
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 | 0.5126 | −0.045% | $11.2M | $27.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5130 | +0.033% | $7.3M | $13.7M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5129 | +0.014% | $3.9M | $9.2M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5097 | −0.610% | $55K | $15K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5126 | −0.045% | $6.7M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5131 | +0.053% | $1.6M | $587K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5132 | +0.072% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDTshort | +0.0100% | 4h | 0.5130 | +0.033% | — | $68.0M | — | |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5129 | +0.006% | $267K | $330K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5123 | −0.103% | $222K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5126 | −0.053% | $517K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5126 | −0.046% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0336% | 1h | 0.5133 | +0.092% | $59K | $134K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5113 | −0.298% | $619K | $511K | 75x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5143 | +0.287% | $380K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0679% | 1h | 0.5128 | long leg | $345K | $306K | 25x |
Binance JTOUSDT
Bybit JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO