Funding you earn now, next payment 05:00 UTC−0.0691%/8h= −75.7% APRpaid last 24h −0.082%
Price spread now: Bybit against Kraken Futures−0.115%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1551.549% of the position
Funding, last 7 days−0.578%−$58 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.115%, 7d avg −0.077%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bybit is 0.038% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JTOUSD | 0.5183 | 0.0377 | pay 0.0047% / 1h | 30m 43s | $337K | $312K | 25x |
| Short | Bybit JTOUSDT | 0.5177 | −0.0314 | pay 0.0157% / 4h | 3h 30m | $7.1M | $14.0M | 50x |
Kraken Futures PF_JTOUSD
Bybit JTOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$145.09
- Price spread: −0.115% → −0.077%
- −$3.78
- Slippage, 4 orders
- −$133.88
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$303.75
- Costs to cover
- 1.549%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 22 min ago; Bybit: live order book, 3 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, 22 min ago | 29.97 bp | 50.1 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.94 bp | 26.6 bp −$27 | 63.0 bp −$630 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0352% | 8h | 0.5180 | −0.057% | $901K | $1.0M | 75x | as long as short |
| Bybit JTOUSDTshort | −0.0314% | 4h | 0.5177 | −0.115% | $7.1M | $14.0M | 50x | |
| dYdX JTO-USD | 0.0000% | 1h | 0.5168 | −0.286% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +6.882% | — | — | — | as long as short |
| Deribit JTO_USDC-PERPETUAL | 0.0000% | 1h | 0.5185 | +0.040% | $13K | $10K | 10x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.051% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0086% | 8h | 0.5160 | −0.447% | $515 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5183 | +0.001% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5180 | −0.061% | $119K | $226K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5182 | −0.018% | $7.0M | $3.1M | 5x | as long as short |
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Deribit JTO_USDC-PERPETUAL
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5177 | −0.108% | $123K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5177 | −0.121% | $11.3M | $27.6M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5171 | −0.231% | $3.9M | $9.4M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5180 | −0.057% | $6.3M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5183 | +0.003% | $1.6M | $603K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5172 | −0.211% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5177 | −0.115% | — | $27.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5178 | −0.094% | $224K | $239K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5145 | −0.732% | $56K | $17K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5178 | −0.094% | $522K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5183 | −0.001% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0310% | 1h | 0.5153 | −0.578% | $380K | $114K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5170 | −0.250% | $619K | $533K | 75x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0377% | 1h | 0.5183 | long leg | $337K | $312K | 25x | |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5182 | −0.018% | $59K | $137K | 25x | as long as short |
| Backpack JTO_USDC_PERP | +0.0665% | 1h | 0.5188 | +0.097% | $268K | $311K | 10x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
OKX JTO-USDT-SWAP
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Backpack JTO_USDC_PERP