Funding you earn now, next payment 12:00 UTC−0.1275%/8h= −139.6% APRnext payment −$1.59 per $10,000 · paid last 24h +0.090%
Price spread now: Kraken Futures against Lighter+0.017%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$960.956% of the position
Funding, last 7 days+0.464%+$46 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.017%, 7d avg +0.006%
=Together, before fees+0.557%+ Points / potential airdropLighter: Season 3 · farm board+$56 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$38 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.464%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.464% in total (about 24.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.59 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter JTO | 0.5030 | 0.0096 | pay 0.0012% / 1h | 8m 44s | $118K | $211K | 10x |
| Short | Kraken Futures PF_JTOUSD | 0.5031 | −0.1179 | pay 0.0147% / 1h | 8m 44s | $315K | $388K | 25x |
Lighter JTO
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Lighter. 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
- −$267.73
- Price spread: +0.017% → +0.006%
- $1.09
- Slippage, 4 orders
- −$85.6
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$362.24
- Costs to cover
- 0.956%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 14 min ago; Kraken Futures: live order book, 32 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 Lighter live order book, 14 min ago | 12.21 bp | 12.2 bp −$12 | 46.3 bp −$463 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 32 min ago | 18.89 bp | 45.0 bp −$45 | 136.6 bp −$1,366 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_JTOUSDshort | −0.1179% | 1h | 0.5031 | +0.017% | $315K | $388K | 25x | |
| Deribit JTO_USDC-PERPETUAL | −0.0544% | 1h | 0.5031 | +0.010% | $22K | $41K | 10x | as long as short |
| Bybit JTOUSDT | −0.0039% | 4h | 0.5026 | −0.089% | $6.4M | $12.4M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0038% | 8h | 0.5023 | −0.150% | $481 | $10 | 5x | as long as short |
| OKX JTO-USDT-SWAP | −0.0003% | 4h | 0.5022 | −0.169% | $3.7M | $8.9M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5030 | −0.019% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +10.116% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.5030 | −0.010% | $2K | $2K | 5.5x | as long as short |
| Lighter JTOlong | +0.0096% | 1h | 0.5030 | long leg | $118K | $211K | 10x | |
| Hyperliquid JTO | +0.0100% | 1h | 0.5037 | +0.133% | $6.8M | $2.8M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
Paradex JTO-USD-PERP
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Hyperliquid JTOShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5031 | +0.004% | $116K | $206K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5023 | −0.147% | $10.3M | $24.6M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5036 | +0.109% | $54K | $1K | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5031 | +0.010% | $882K | $757K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5025 | −0.109% | $6.1M | $2.8M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5028 | −0.046% | $1.3M | $555K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5028 | −0.050% | $2.2M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5025 | −0.109% | — | $8.3M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5019 | −0.226% | $219K | $189K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5032 | +0.030% | $4K | $1K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5021 | −0.182% | $518K | $3.5M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5035 | +0.081% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERP | +0.0239% | 1h | 0.5037 | +0.133% | $219K | $347K | 10x | as long as short |
| Phoenix JTO | +0.0319% | 1h | 0.5047 | +0.328% | $355K | $118K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5025 | −0.109% | $564K | $515K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0472% | 1h | 0.5052 | +0.427% | $54K | $102K | 25x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
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