Funding you earn now, next payment 06:00 UTC+0.0672%/8h= +73.6% APRpaid last 24h +0.125%
Price spread now: Kraken Futures against Gate+0.176%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1851.848% of the position
Funding, last 7 days+0.500%+$50 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.176%, 7d avg +0.097%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Kraken Futures is 0.079% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate JTO_USDT | 0.5139 | −0.0191 | get 0.0191% / 8h | 2h 01m | $904K | $1.0M | 75x |
| Short | Kraken Futures PF_JTOUSD | 0.5148 | 0.0481 | get 0.0060% / 1h | 1m 14s | $344K | $347K | 25x |
Gate JTO_USDT
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $141.11
- Price spread: +0.176% → +0.097%
- $7.88
- Slippage, 4 orders
- −$159.8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$35.81
- Costs to cover
- 1.848%
- Break-even
- 8.8 days
Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 46 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 Gate live order book, 1 min ago | 7.78 bp | 39.5 bp −$39 | 85.4 bp −$854 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 46 min ago | 26.13 bp | 51.2 bp −$51 | 263.0 bp −$2,630 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDTlong | −0.0191% | 8h | 0.5139 | long leg | $904K | $1.0M | 75x | |
| Deribit JTO_USDC-PERPETUAL | −0.0139% | 1h | 0.5138 | −0.019% | $13K | $30K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5138 | −0.018% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.798% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.230% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0076% | 4h | 0.5138 | −0.019% | $3.8M | $9.6M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0085% | 8h | 0.5136 | −0.049% | $492 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5146 | +0.132% | $115K | $236K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5141 | +0.040% | $122K | $220K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5137 | −0.039% | $11.1M | $27.9M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
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 | 0.5140 | +0.019% | $7.0M | $14.2M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5137 | −0.039% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5137 | −0.039% | $6.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5141 | +0.039% | $1.5M | $612K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5141 | +0.039% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5139 | 0.000% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5153 | +0.265% | $221K | $241K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5138 | −0.019% | $4K | $652 | 10x | as long as short |
| Hyperliquid JTO | +0.0102% | 1h | 0.5148 | +0.181% | $7.0M | $3.0M | 5x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5136 | −0.059% | $518K | $2.2M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5139 | −0.001% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERP | +0.0273% | 1h | 0.5147 | +0.148% | $265K | $306K | 10x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5141 | +0.039% | $604K | $542K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5159 | +0.389% | $59K | $133K | 25x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5152 | +0.253% | $380K | $118K | 5x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0481% | 1h | 0.5148 | +0.176% | $344K | $347K | 25x |
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Hyperliquid JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Backpack JTO_USDC_PERP
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO