Funding you earn now, next payment 02:00 UTC−0.0730%/8h= −79.9% APRpaid last 24h −0.070%
Price spread now: OKX against Kraken Futures−0.081%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1201.200% of the position
Funding, last 7 days−0.453%−$45 on $10k
+Price spread, last 3 days (all we have)−0.103%−$10 · spread now −0.081%, 7d avg −0.158%
=The price spread pays, funding is against you. OKX is 0.077% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.081% now, against its 7-day average of −0.158%): +$8 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.453% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.453% in total (about -23.6% 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 | 0.5140 | 0.0772 | pay 0.0096% / 1h | 47m 58s | $347K | $308K | 25x |
| Short | OKX JTO-USDT-SWAP | 0.5136 | 0.0042 | get 0.0021% / 4h | 2h 47m | $3.9M | $9.4M | 50x |
Kraken Futures PF_JTOUSD
OKX JTO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$153.27
- Price spread: −0.081% → −0.158%
- $7.67
- Slippage, 4 orders
- −$100
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$265.6
- Costs to cover
- 1.200%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 20 min ago; OKX: 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, 20 min ago | 21.31 bp | 38.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.97 bp | 23.4 bp −$23 | 82.6 bp −$826 | 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 | −0.0334% | 1h | 0.5134 | −0.120% | $13K | $10K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5146 | +0.113% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.769% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.253% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAPshort | +0.0042% | 4h | 0.5136 | −0.081% | $3.9M | $9.4M | 50x | |
| Paradex JTO-USD-PERP | +0.0063% | 8h | 0.5136 | −0.090% | $513 | — | 5x | as long as short |
| Gate JTO_USDT | +0.0087% | 8h | 0.5136 | −0.081% | $904K | $1.0M | 75x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5133 | −0.140% | $4K | $872 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5144 | +0.084% | $108K | $200K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5137 | −0.058% | $150K | $222K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Gate JTO_USDT
Orderly PERP_JTO_USDC_mythos
Lighter 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 | 0.5137 | −0.062% | $11.3M | $27.7M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5142 | +0.035% | $7.5M | $13.6M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5138 | −0.043% | $6.9M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5142 | +0.039% | $1.6M | $577K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5141 | +0.016% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5137 | −0.062% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5142 | +0.035% | $222K | $434K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5138 | −0.048% | $223K | $296K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5132 | −0.168% | $63K | $8K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5136 | −0.086% | $520K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5133 | −0.137% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5139 | −0.023% | $59K | $135K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5133 | −0.140% | $622K | $568K | 75x | as long as short |
| Phoenix JTO | +0.0466% | 1h | 0.5145 | +0.094% | $380K | $114K | 5x | as long as short |
| Hyperliquid JTO | +0.0498% | 1h | 0.5151 | +0.220% | $7.2M | $3.0M | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0772% | 1h | 0.5140 | long leg | $347K | $308K | 25x |
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO
Hyperliquid JTO