Funding you earn now, next payment 09:00 UTC−0.0672%/8h= −73.5% APRpaid last 24h −0.088%
Price spread now: KuCoin against Kraken Futures−0.127%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$301as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2572.569% of the position
Funding, last 7 days−0.440%−$44 on $10k
+Price spread, last 4 days (all we have)+0.440%+$44 · spread now −0.127%, 7d avg −0.042%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and KuCoin is 0.085% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.440% in total (about -23.0% 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 | 0.5048 | 0.0772 | pay 0.0096% / 1h | 28m 14s | $334K | $383K | 25x |
| Short | KuCoin JTOUSDTM | 0.5041 | 0.0100 | get 0.0050% / 4h | 3h 28m | $1.4M | $659K | 20x |
Kraken Futures PF_JTOUSD
KuCoin JTOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$141.04
- Price spread: −0.127% → −0.042%
- −$8.5
- Slippage, 4 orders
- −$234.88
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$406.42
- Costs to cover
- 2.569%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: live order book, 7 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, 5 min ago | 26.75 bp | 66.8 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 2.97 bp | 77.7 bp −$78 | 284.9 bp −$2,849 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0345% | 1h | 0.5041 | −0.129% | $12K | $30K | 10x | as long as short |
| Bybit JTOUSDT | −0.0234% | 4h | 0.5045 | −0.050% | $6.6M | $14.3M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5037 | −0.209% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +9.749% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0022% | 8h | 0.5031 | −0.322% | $482 | $10 | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −1.476% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5045 | −0.048% | $112K | $241K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5033 | −0.280% | $6.8M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5044 | −0.077% | $118K | $233K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5043 | −0.090% | $10.6M | $28.4M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5043 | −0.090% | $3.7M | $9.8M | 50x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5036 | −0.228% | $872K | $933K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5042 | −0.109% | $6.2M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTMshort | +0.0100% | 4h | 0.5041 | −0.127% | $1.4M | $659K | 20x | |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5038 | −0.189% | $2.2M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5037 | −0.208% | — | $8.5M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5041 | −0.135% | $246K | $321K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5046 | −0.037% | $216K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5040 | −0.149% | $4K | $918 | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5029 | −0.362% | $54K | −$0 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5036 | −0.235% | $516K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5041 | −0.129% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0313% | 1h | 0.5055 | +0.148% | $367K | $128K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5046 | −0.030% | $580K | $559K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5049 | +0.029% | $57K | $136K | 25x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0772% | 1h | 0.5048 | long leg | $334K | $383K | 25x |
OKX JTO-USDT-SWAP
Gate JTO_USDT
MEXC JTO_USDT
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX