Funding you earn now, next payment 10:00 UTC−0.0514%/8h= −56.3% APRnext payment −$0.64 per $10,000 · paid last 24h −0.115%
Price spread now: Injective against Kraken Futures−1.789%63s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$15 a day on $10k at the current rate, and Injective is 1.789% cheaper against Kraken Futures than usual: you would sell low and buy high (−$179 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JTOUSD | 0.5064 | 0.0547 | pay 0.0068% / 1h | 20m 12s | $331K | $404K | 25x |
| Short | Injective JTO/USDC PERP | 0.4973 | 0.0033 | get 0.0004% / 1h | 20m 12s | $31 | $43K | 5.5x |
Kraken Futures PF_JTOUSD
Injective JTO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$107.91
- Price spread: −1.789% → 0.000%
- −$178.85
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$296.78
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 30 min ago; Injective: 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, 30 min ago | 21.76 bp | 33.6 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 exchanges
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 | −0.0539% | 1h | 0.5065 | +0.028% | $23K | $40K | 10x | as long as short |
| Bybit JTOUSDT | −0.0188% | 4h | 0.5064 | +0.009% | $6.6M | $13.5M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5067 | +0.068% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +9.399% | — | — | — | as long as short |
| Injective JTO/USDC PERPshort | +0.0033% | 1h | 0.4973 | −1.789% | $31 | $43K | 5.5x | |
| Paradex JTO-USD-PERP | +0.0064% | 8h | 0.5064 | +0.012% | $485 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5068 | +0.078% | $113K | $218K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5074 | +0.200% | $6.8M | $2.8M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5068 | +0.083% | $117K | $205K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5062 | −0.033% | $10.6M | $26.6M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5060 | −0.070% | $3.8M | $9.4M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5059 | −0.090% | $55K | −$0 | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5066 | +0.048% | $879K | $886K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5062 | −0.031% | $6.1M | $3.2M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5065 | +0.030% | $1.4M | $592K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5065 | +0.028% | $2.2M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5066 | +0.048% | — | $8.4M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5064 | +0.018% | $217K | $190K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5064 | +0.009% | $4K | $798 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5062 | −0.033% | $519K | $2.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0159% | 1h | 0.5075 | +0.224% | $247K | $315K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5069 | +0.099% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5064 | +0.009% | $575K | $544K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5079 | +0.305% | $56K | $127K | 25x | as long as short |
| Phoenix JTO | +0.0469% | 1h | 0.5080 | +0.325% | $359K | $135K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0547% | 1h | 0.5064 | long leg | $331K | $404K | 25x |
OKX JTO-USDT-SWAP
Bulk JTO-USD
Gate JTO_USDT
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