Funding you earn now, next payment 02:00 UTC+0.0690%/8h= +75.6% APRpaid last 24h +0.070%
Price spread now: Kraken Futures against OKX+0.205%55s7-day average +0.158% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1231.228% of the position
Funding, last 7 days+0.453%+$45 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.205%, 7d avg +0.158%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Kraken Futures is 0.047% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.158%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
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 | OKX JTO-USDT-SWAP | 0.5150 | 0.0079 | pay 0.0039% / 4h | 2h 03m | $3.9M | $9.3M | 50x |
| Short | Kraken Futures PF_JTOUSD | 0.5161 | 0.0769 | get 0.0096% / 1h | 3m 20s | $347K | $306K | 25x |
OKX JTO-USDT-SWAP
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $144.91
- Price spread: +0.205% → +0.158%
- $4.66
- Slippage, 4 orders
- −$102.82
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $26.76
- Costs to cover
- 1.228%
- Break-even
- 5.7 days
Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 64 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 OKX live order book, 5 min ago | 0.97 bp | 19.1 bp −$19 | 66.4 bp −$664 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 64 min ago | 21.31 bp | 40.0 bp −$40 | 204.2 bp −$2,042 | doesn't fit | doesn't fit |
JTO on 25 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 | −0.0331% | 1h | 0.5159 | +0.175% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0191% | 8h | 0.5154 | +0.078% | $908K | $1.1M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5157 | +0.137% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.562% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.437% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAPlong | +0.0079% | 4h | 0.5150 | long leg | $3.9M | $9.3M | 50x | |
| Paradex JTO-USD-PERP | +0.0080% | 8h | 0.5153 | +0.059% | $514 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5150 | 0.000% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5162 | +0.239% | $119K | $234K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5157 | +0.143% | $127K | $222K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Aster JTOUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5147 | −0.058% | $11.3M | $27.3M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5152 | +0.039% | $7.6M | $13.5M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5152 | +0.039% | $6.6M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5156 | +0.117% | $1.6M | $569K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5155 | +0.097% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5149 | −0.019% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5166 | +0.311% | $267K | $385K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5157 | +0.128% | $224K | $289K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5136 | −0.272% | $56K | $15K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5152 | +0.031% | $520K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5151 | +0.015% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5179 | +0.563% | $60K | $136K | 25x | as long as short |
| Hyperliquid JTO | +0.0345% | 1h | 0.5160 | +0.192% | $7.1M | $3.3M | 5x | as long as short |
| Phoenix JTO | +0.0466% | 1h | 0.5145 | −0.097% | $380K | $114K | 5x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0769% | 1h | 0.5161 | +0.205% | $347K | $306K | 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
Hyperliquid JTO
Phoenix JTO