Funding you earn now, next payment 01:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.18 per $10,000 · paid last 24h +0.063%
Price spread now: Kraken Futures against Bulk+0.397%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.397% dearer against Bulk than usual: you sell high and buy low: +$40 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk JTO-USD | 0.5128 | 0.0100 | pay 0.0013% / 1h | 50m 04s | $56K | −$0 | 10x |
| Short | Kraken Futures PF_JTOUSD | 0.5148 | 0.0248 | get 0.0031% / 1h | 50m 04s | $348K | $313K | 25x |
Bulk JTO-USD
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bulk. 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
- $31.05
- Price spread: +0.397% → 0.000%
- $39.69
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $53.74
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Bulk: no order-book sample; Kraken Futures: live order book, 23 min ago. Net counts fees only.
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 Bulk no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 23 min ago | 17.61 bp | 35.9 bp −$36 | 168.2 bp −$1,682 | doesn't fit | doesn't fit |
Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0722% | 1h | 0.5140 | +0.234% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0154% | 8h | 0.5145 | +0.332% | $917K | $1.2M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0030% | 4h | 0.5141 | +0.254% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0008% | 8h | 0.5142 | +0.272% | $513 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5148 | +0.390% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.021% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.023% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5143 | +0.302% | $101K | $187K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5152 | +0.462% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5146 | +0.359% | $173K | $177K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid 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 | 0.5145 | +0.332% | $11.3M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5146 | +0.351% | $7.5M | $13.6M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5144 | +0.312% | $7.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5152 | +0.470% | $1.6M | $598K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5145 | +0.332% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5145 | +0.332% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5152 | +0.472% | $226K | $305K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5142 | +0.273% | $4K | $2K | 10x | as long as short |
| Bulk JTO-USDlong | +0.0100% | 1h | 0.5128 | long leg | $56K | −$0 | 10x | |
| Extended JTO-USD | +0.0104% | 1h | 0.5143 | +0.290% | $519K | $1.0M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5147 | +0.369% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0248% | 1h | 0.5148 | +0.397% | $348K | $313K | 25x | |
| Phoenix JTO | +0.0312% | 1h | 0.5138 | +0.195% | $369K | $262K | 5x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5171 | +0.839% | $57K | $114K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5149 | +0.410% | $615K | $611K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0596% | 1h | 0.5149 | +0.413% | $223K | $463K | 10x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
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]
Phoenix JTO
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP