Funding you earn now, next payment 02:00 UTC+0.0434%/8h= +47.5% APRpaid last 24h −0.013%
Price spread now: Kraken Futures against BloFin−0.159%57s7-day average +0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as 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−$1011.006% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 3 days (all we have)+0.442%+$44 · spread now −0.159%, 7d avg +0.157%
=Funding pays, the price is against you. Kraken Futures is 0.315% cheaper against BloFin than usual: you would sell low and buy high (spread −0.159% now, against its 7-day average of +0.157%). If the spread goes back, that is −$32 on $10k: about 2.4 days of funding at the current rate (+$13 a day). The two prices were read 57 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 -0.038% in total (about -2.0% 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 | BloFin JTO-USDT | 0.5138 | 0.0340 | pay 0.0170% / 4h | 2h 58m | $622K | $540K | 75x |
| Short | Kraken Futures PF_JTOUSD | 0.5130 | 0.0774 | get 0.0097% / 1h | 58m 06s | $347K | $308K | 25x |
BloFin JTO-USDT
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $91.04
- Price spread: −0.159% → +0.157%
- −$31.52
- Slippage, 4 orders
- −$78.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$41.07
- Costs to cover
- 1.006%
- Break-even
- 10.2 days
Slippage from BloFin: live order book, 8 min ago; Kraken Futures: live order book, 10 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 BloFin live order book, 8 min ago | 1.93 bp | 10.4 bp −$10 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 10 min ago | 21.31 bp | 40.0 bp −$40 | 204.2 bp −$2,042 | 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 | −0.0530% | 1h | 0.5123 | −0.292% | $13K | $10K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5113 | −0.484% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.815% | — | — | — | as long as short |
| OKX JTO-USDT-SWAP | +0.0022% | 4h | 0.5129 | −0.175% | $3.9M | $9.3M | 50x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.211% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0054% | 8h | 0.5114 | −0.475% | $510 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5122 | −0.311% | $3K | $872 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5131 | −0.142% | $107K | $199K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5124 | −0.274% | $172K | $148K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5130 | −0.156% | $11.4M | $27.6M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
OKX JTO-USDT-SWAP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5135 | −0.058% | $7.7M | $13.4M | 50x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5128 | −0.195% | $904K | $1.0M | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5125 | −0.253% | $7.1M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5129 | −0.185% | $1.6M | $575K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5134 | −0.078% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5129 | −0.175% | — | $67.9M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5132 | −0.119% | $222K | $435K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5142 | +0.070% | $225K | $295K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5143 | +0.097% | $63K | $8K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5127 | −0.219% | $516K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5125 | −0.259% | $2K | — | 50x | as long as short |
| Hyperliquid JTO | +0.0256% | 1h | 0.5137 | −0.025% | $7.1M | $2.9M | 5x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5104 | −0.662% | $62K | $128K | 25x | as long as short |
| Phoenix JTO | +0.0312% | 1h | 0.5140 | +0.039% | $379K | $99K | 5x | as long as short |
| BloFin JTO-USDTlong | +0.0340% | 4h | 0.5138 | long leg | $622K | $540K | 75x | |
| Kraken Futures PF_JTOUSDshort | +0.0774% | 1h | 0.5130 | −0.159% | $347K | $308K | 25x |
Bybit JTOUSDT
Gate JTO_USDT
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]
Hyperliquid JTO
Coinbase International JTO-PERP-INTX
Phoenix JTO