Funding you earn now, next payment 00:00 UTC+0.0751%/8h= +82.3% APRnext payment +$0.94 per $10,000 · paid last 24h +0.211%
Price spread now: Kraken Futures against Deribit+0.122%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 +$23 a day on $10k at the current rate, and Kraken Futures is 0.122% dearer against Deribit than usual: you sell high and buy low: +$12 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 | Deribit JTO_USDC-PERPETUAL | 0.5145 | −0.0527 | get 0.0066% / 1h | 38m 23s | $13K | $11K | 10x |
| Short | Kraken Futures PF_JTOUSD | 0.5151 | 0.0225 | get 0.0028% / 1h | 38m 23s | $348K | $312K | 25x |
Deribit JTO_USDC-PERPETUAL
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- $157.8
- Price spread: +0.122% → 0.000%
- $12.22
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $153.03
- Costs to cover
- 0.170%
- Break-even
- 0.2 days
Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 39 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 39 min ago | 19.53 bp | 35.3 bp −$35 | 183.0 bp −$1,830 | doesn't fit | doesn't fit |
Deribit: 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-PERPETUALlong | −0.0527% | 1h | 0.5145 | long leg | $13K | $11K | 10x | |
| Gate JTO_USDT | −0.0162% | 8h | 0.5146 | +0.019% | $927K | $1.4M | 75x | as long as short |
| Paradex JTO-USD-PERP | −0.0007% | 8h | 0.5143 | −0.029% | $513 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5150 | +0.097% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.663% | — | — | — | as long as short |
| OKX JTO-USDT-SWAP | +0.0001% | 4h | 0.5143 | −0.039% | $3.9M | $9.5M | 50x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.343% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0068% | 1h | 0.5153 | +0.155% | $56K | $1K | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5153 | +0.161% | $107K | $182K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5156 | +0.220% | $7.2M | $3.1M | 5x | as long as short |
Gate JTO_USDT
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
OKX JTO-USDT-SWAP
Injective JTO/USDC PERP
Bulk JTO-USD
Lighter JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5151 | +0.122% | $173K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5146 | +0.020% | $11.4M | $28.0M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5147 | +0.039% | $7.4M | $13.8M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5147 | +0.039% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5150 | +0.097% | $1.6M | $631K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5149 | +0.078% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5146 | +0.019% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5164 | +0.366% | $227K | $303K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5146 | +0.019% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5145 | −0.004% | $524K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0168% | 1h | 0.5151 | +0.126% | $226K | $473K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5149 | +0.074% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0225% | 1h | 0.5151 | +0.122% | $348K | $312K | 25x | |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5172 | +0.525% | $57K | $116K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5144 | −0.019% | $632K | $615K | 75x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5162 | +0.330% | $371K | $266K | 5x | as long as short |
Aster JTOUSDT
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
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO