Funding you earn now, next payment 04:00 UTC−0.0629%/8h= −68.9% APRpaid last 24h −0.059%
Price spread now: BingX against Kraken Futures+0.022%7-day average −0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1191.185% of the position
Funding, last 7 days−0.410%−$41 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now +0.022%, 7d avg −0.115%
=The price spread pays, funding is against you. BingX is 0.136% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.115%): +$14 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.410% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.410% in total (about -21.4% 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 | Kraken Futures PF_JTOUSD | 0.5158 | 0.0729 | pay 0.0091% / 1h | 13m 39s | $337K | $311K | 25x |
| Short | BingX JTO-USDT | 0.5159 | 0.0100 | get 0.0050% / 4h | 13m 39s | — | $68.0M | — |
Kraken Futures PF_JTOUSD
BingX JTO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$132.11
- Price spread: +0.022% → −0.115%
- $13.63
- Slippage, 4 orders
- −$98.53
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$237.01
- Costs to cover
- 1.185%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 44 min ago; BingX: 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 Kraken Futures live order book, 44 min ago | 19.58 bp | 44.6 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 0.97 bp | 14.0 bp −$14 | 28.5 bp −$285 | 194.8 bp −$19.5K | 560.3 bp −$280.1K |
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 | −0.0526% | 1h | 0.5153 | −0.095% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0381% | 8h | 0.5161 | +0.060% | $896K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5163 | +0.100% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.401% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.585% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0079% | 8h | 0.5161 | +0.057% | $515 | — | 5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0090% | 4h | 0.5159 | +0.022% | $3.9M | $9.4M | 50x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5154 | −0.075% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5164 | +0.120% | $118K | $226K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5168 | +0.186% | $7.0M | $3.0M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
OKX JTO-USDT-SWAP
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 | 0.5155 | −0.050% | $126K | $217K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5160 | +0.041% | $11.3M | $27.5M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5162 | +0.080% | $7.1M | $14.0M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5151 | −0.133% | $56K | $17K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5161 | +0.060% | $6.3M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5160 | +0.031% | $1.5M | $603K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5163 | +0.099% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDTshort | +0.0100% | 4h | 0.5159 | +0.022% | — | $68.0M | — | |
| Variational Omni JTO | +0.0100% | 4h | 0.5153 | −0.103% | $223K | $266K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5160 | +0.032% | $518K | $1.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0216% | 1h | 0.5163 | +0.097% | $269K | $316K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5156 | −0.031% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5151 | −0.133% | $623K | $507K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0416% | 1h | 0.5161 | +0.060% | $58K | $137K | 25x | as long as short |
| Phoenix JTO | +0.0469% | 1h | 0.5159 | +0.022% | $381K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0729% | 1h | 0.5158 | long leg | $337K | $311K | 25x |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Variational Omni JTO
Extended JTO-USD
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO