Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0377%/8h= −41.3% APRpaid last 24h −0.064%

Price spread now: Bitget against Kraken Futures−0.027%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1421.419% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.443%−$44 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.027%, 7d avg −0.059%

Together, before fees−0.524%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.032% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.059%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JTOUSD	0.5192	0.0477	pay 0.0060% / 1h	49m 17s	$335K	$313K	25x
Short	Bitget JTOUSDT	0.5191	0.0100	get 0.0050% / 4h	2h 49m	$2.4M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$79.13
Price spread: −0.027% → −0.059%: $3.18
Slippage, 4 orders: −$119.9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$217.86
Costs to cover: 1.419%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 63 min ago; Bitget: live order book, 3 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, 63 min ago	29.97 bp	50.1 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.86 bp	22.9 bp −$23	71.0 bp −$710	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_USDT	−0.0334%	8h	0.5192	−0.008%	$897K	$986K	75x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0328%	1h	0.5191	−0.027%	$13K	$10K	10x	as long as short
Bybit JTOUSDT	−0.0115%	4h	0.5191	−0.027%	$7.1M	$14.0M	50x	as long as short
OKX JTO-USDT-SWAP	−0.0069%	4h	0.5188	−0.085%	$3.9M	$9.5M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5189	−0.064%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+6.687%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−4.226%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0096%	8h	0.5189	−0.072%	$518	—	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5191	−0.021%	$116K	$228K	10x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5192	−0.009%	$124K	$219K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5190	−0.046%	$11.3M	$27.6M	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5190	−0.046%	$6.1M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5192	−0.010%	$1.6M	$607K	20x	as long as short
Bitget JTOUSDTshort	+0.0100%	4h	0.5191	−0.027%	$2.4M	$2.3M	50x
BingX JTO-USDT	+0.0100%	4h	0.5191	−0.027%	—	$8.8M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5180	−0.247%	$222K	$242K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5190	−0.046%	$4K	$652	10x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5173	−0.374%	$56K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5189	−0.072%	$521K	$2.2M	10x	as long as short
Hyperliquid JTO	+0.0120%	1h	0.5201	+0.169%	$7.1M	$3.0M	5x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5192	−0.001%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5178	−0.277%	$615K	$538K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5186	−0.123%	$59K	$138K	25x	as long as short
Phoenix JTO	+0.0464%	1h	0.5195	+0.050%	$384K	$118K	5x	as long as short
Kraken Futures PF_JTOUSDlong	+0.0477%	1h	0.5192	long leg	$335K	$313K	25x
Backpack JTO_USDC_PERP	+0.1045%	1h	0.5192	0.000%	$267K	$311K	10x	as long as short