Funding you earn now, next payment 04:00 UTC+0.0507%/8h= +55.6% APRnext payment +$0.63 per $10,000 · paid last 24h +0.027%
Price spread now: Kraken Futures against GMX+0.144%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 +$15 a day on $10k at the current rate, and Kraken Futures is 0.144% dearer against GMX than usual: you sell high and buy low: +$14 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 | GMX JTO/USD [WBTC.b-USDC] | 0.5135 | L +0.0224% / S −0.2181% | pay 0.0028% / 1h | 37m 21s | $2K | — | 50x |
| Short | Kraken Futures PF_JTOUSD | 0.5143 | 0.0731 | get 0.0091% / 1h | 37m 21s | $337K | $311K | 25x |
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against GMX. 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
- $106.56
- Price spread: +0.144% → 0.000%
- $14.43
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $98.99
- Costs to cover
- 0.220%
- Break-even
- 0.5 days
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 20 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 GMX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 20 min ago | 19.58 bp | 46.5 bp −$47 | 473.3 bp −$4,733 | doesn't fit | doesn't fit |
GMX: 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 | −0.0529% | 1h | 0.5131 | −0.085% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0426% | 8h | 0.5129 | −0.124% | $892K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5131 | −0.084% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.869% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.162% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0073% | 4h | 0.5128 | −0.144% | $3.8M | $9.3M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0074% | 8h | 0.5128 | −0.138% | $512 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5131 | −0.085% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5142 | +0.139% | $117K | $226K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5133 | −0.055% | $7.0M | $3.1M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
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 | 0.5130 | −0.113% | $125K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5132 | −0.061% | $11.2M | $27.4M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5133 | −0.046% | $7.1M | $13.9M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5096 | −0.767% | $55K | $17K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5128 | −0.144% | $6.4M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5127 | −0.161% | $1.5M | $597K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5130 | −0.105% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5132 | −0.066% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5128 | −0.136% | $267K | $313K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5111 | −0.474% | $221K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5126 | −0.177% | $518K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC]long | L +0.0224% / S −0.2181% | 1h | 0.5135 | long leg | $2K | — | 50x | |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5128 | −0.144% | $612K | $504K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0416% | 1h | 0.5141 | +0.109% | $58K | $135K | 25x | as long as short |
| Phoenix JTO | +0.0469% | 1h | 0.5139 | +0.070% | $379K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0731% | 1h | 0.5143 | +0.144% | $337K | $311K | 25x |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Extended JTO-USD
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO