Funding you earn now, next payment 03:00 UTC−0.1007%/8h= −110.3% APRnext payment −$1.26 per $10,000 · paid last 24h −0.203%
Price spread now: Deribit against Kraken Futures−0.114%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$30 a day on $10k at the current rate, and Deribit is 0.114% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JTOUSD | 0.5160 | 0.0675 | pay 0.0084% / 1h | 33m 33s | $347K | $306K | 25x |
| Short | Deribit JTO_USDC-PERPETUAL | 0.5154 | −0.0332 | pay 0.0041% / 1h | 33m 33s | $13K | $10K | 10x |
Kraken Futures PF_JTOUSD
Deribit JTO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$211.47
- Price spread: −0.114% → 0.000%
- −$11.42
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$239.89
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 29 min ago; Deribit: no order-book sample. 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 Kraken Futures live order book, 29 min ago | 23.24 bp | 31.7 bp −$32 | 705.8 bp −$7,058 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0333% | 8h | 0.5151 | −0.172% | $898K | $1.0M | 75x | as long as short |
| Deribit JTO_USDC-PERPETUALshort | −0.0332% | 1h | 0.5154 | −0.114% | $13K | $10K | 10x | |
| dYdX JTO-USD | 0.0000% | 1h | 0.5157 | −0.057% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.358% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.622% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0081% | 8h | 0.5152 | −0.144% | $514 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5154 | −0.114% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5159 | −0.017% | $118K | $228K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5161 | +0.029% | $7.1M | $3.3M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5155 | −0.098% | $126K | $219K | 10x | as long as short |
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 | 0.5153 | −0.134% | $11.3M | $27.2M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5155 | −0.095% | $7.3M | $13.8M | 50x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5151 | −0.172% | $3.9M | $9.3M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5147 | −0.250% | $56K | $15K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5154 | −0.114% | $6.7M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5158 | −0.041% | $1.6M | $587K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5154 | −0.114% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5154 | −0.114% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5161 | +0.027% | $269K | $330K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5148 | −0.221% | $223K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5152 | −0.162% | $520K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5157 | −0.052% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0336% | 1h | 0.5155 | −0.095% | $59K | $135K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5151 | −0.172% | $622K | $516K | 75x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5130 | −0.579% | $379K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0675% | 1h | 0.5160 | long leg | $347K | $306K | 25x |
Binance JTOUSDT
Bybit JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
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