Funding you earn now, next payment 10:00 UTC−0.0442%/8h= −48.5% APRpaid last 24h −0.088%
Price spread now: MEXC against Kraken Futures−0.241%7-day average −0.128% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1071.067% of the position
Funding, last 7 days−0.471%−$47 on $10k
+Price spread, last 4 days (all we have)+0.418%+$42 · spread now −0.241%, 7d avg −0.128%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and MEXC is 0.114% 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 −0.128%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JTOUSD | 0.5107 | 0.0542 | pay 0.0068% / 1h | 57m 54s | $338K | $378K | 25x |
| Short | MEXC JTO_USDT | 0.5095 | 0.0100 | get 0.0050% / 4h | 2h 57m | $6.1M | $3.2M | 50x |
Kraken Futures PF_JTOUSD
MEXC JTO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$92.92
- Price spread: −0.241% → −0.128%
- −$11.36
- Slippage, 4 orders
- −$96.71
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$210.99
- Costs to cover
- 1.067%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 35 min ago; MEXC: live order book, 5 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, 35 min ago | 26.75 bp | 66.8 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.98 bp | 3.7 bp −$4 | 13.6 bp −$136 | 77.5 bp −$7,747 | 181.7 bp −$90.9K |
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 | −0.0534% | 1h | 0.5100 | −0.143% | $13K | $30K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5101 | −0.122% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.462% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.630% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0048% | 8h | 0.5100 | −0.153% | $489 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5104 | −0.065% | $114K | $218K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5103 | −0.089% | $6.9M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5095 | −0.250% | $119K | $233K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5092 | −0.300% | $10.7M | $27.5M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5092 | −0.300% | $6.7M | $13.8M | 50x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
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 | 0.5091 | −0.320% | $3.7M | $9.7M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5112 | +0.090% | $55K | −$0 | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5099 | −0.163% | $884K | $870K | 75x | as long as short |
| MEXC JTO_USDTshort | +0.0100% | 4h | 0.5095 | −0.241% | $6.1M | $3.2M | 50x | |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5099 | −0.167% | $1.4M | $613K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5095 | −0.241% | $2.3M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5094 | −0.261% | — | $8.5M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5104 | −0.064% | $218K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5103 | −0.085% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5091 | −0.328% | $524K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5112 | +0.089% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0313% | 1h | 0.5123 | +0.307% | $362K | $123K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5105 | −0.046% | $577K | $555K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5110 | +0.052% | $58K | $132K | 25x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0542% | 1h | 0.5107 | long leg | $338K | $378K | 25x | |
| Backpack JTO_USDC_PERP | +0.0574% | 1h | 0.5103 | −0.085% | $243K | $324K | 10x | as long as short |
OKX JTO-USDT-SWAP
Bulk JTO-USD
Gate 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]
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Backpack JTO_USDC_PERP