Funding you earn now, next payment 09:00 UTC−0.0666%/8h= −72.9% APRnext payment −$0.83 per $10,000 · paid last 24h −0.089%
Price spread now: Lighter against Kraken Futures−0.120%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1391.390% of the position
Funding, last 7 days−0.454%−$45 on $10k
+Price spread, last 4 days (all we have)+0.406%+$41 · spread now −0.120%, 7d avg −0.009%
=Together, before fees−0.047%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Lighter is 0.111% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.454% in total (about -23.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.83 per $10,000. 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 | 0.5113 | 0.0762 | pay 0.0095% / 1h | 2m 14s | $338K | $378K | 25x |
| Short | Lighter JTO | 0.5107 | 0.0096 | get 0.0012% / 1h | 2m 14s | $114K | $242K | 10x |
Kraken Futures PF_JTOUSD
Lighter JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$139.81
- Price spread: −0.120% → −0.009%
- −$11.14
- Slippage, 4 orders
- −$128.98
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$289.93
- Costs to cover
- 1.390%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 31 min ago; Lighter: live order book, 13 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, 31 min ago | 26.75 bp | 66.8 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 13 min ago | 8.22 bp | 21.9 bp −$22 | 59.9 bp −$599 | 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 | −0.0533% | 1h | 0.5102 | −0.212% | $13K | $30K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5109 | −0.072% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.344% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.735% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0051% | 8h | 0.5106 | −0.129% | $489 | $10 | 5x | as long as short |
| Lighter JTOshort | +0.0096% | 1h | 0.5107 | −0.120% | $114K | $242K | 10x | |
| Hyperliquid JTO | +0.0100% | 1h | 0.5112 | −0.023% | $6.9M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5103 | −0.191% | $119K | $233K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5099 | −0.273% | $10.7M | $27.7M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5098 | −0.291% | $6.7M | $13.9M | 50x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDT
Bybit 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 | 0.5097 | −0.310% | $3.7M | $9.7M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5112 | −0.018% | $55K | −$0 | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5110 | −0.056% | $885K | $941K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5099 | −0.271% | $6.2M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5110 | −0.050% | $1.4M | $614K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5102 | −0.212% | $2.3M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5105 | −0.154% | — | $8.5M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5117 | +0.084% | $219K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5102 | −0.212% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5101 | −0.229% | $524K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5101 | −0.231% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERP | +0.0268% | 1h | 0.5118 | +0.105% | $242K | $322K | 10x | as long as short |
| Phoenix JTO | +0.0313% | 1h | 0.5123 | +0.198% | $362K | $128K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5108 | −0.095% | $578K | $556K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5122 | +0.179% | $58K | $133K | 25x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0762% | 1h | 0.5113 | long leg | $338K | $378K | 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
GMX JTO/USD [WBTC.b-USDC]
Backpack JTO_USDC_PERP
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX