Funding you earn now, next payment 01:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.18 per $10,000 · paid last 24h −0.063%
Price spread now: Bulk against Kraken Futures−0.519%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Bulk is 0.519% cheaper against Kraken Futures than usual: you would sell low and buy high (−$52 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JTOUSD | 0.5155 | 0.0248 | pay 0.0031% / 1h | 49m 02s | $348K | $312K | 25x |
| Short | Bulk JTO-USD | 0.5128 | 0.0100 | get 0.0013% / 1h | 49m 02s | $56K | −$0 | 10x |
Kraken Futures PF_JTOUSD
Bulk JTO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$30.98
- Price spread: −0.519% → 0.000%
- −$51.91
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$99.89
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 24 min ago; Bulk: no order-book sample. 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 Kraken Futures live order book, 24 min ago | 17.61 bp | 37.7 bp −$38 | 912.5 bp −$9,125 | doesn't fit | doesn't fit |
| Sell Bulk no order-book sample | — | — | — | — | — |
Bulk: 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 | −0.0526% | 1h | 0.5149 | −0.112% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0125% | 8h | 0.5144 | −0.209% | $916K | $1.2M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0035% | 4h | 0.5139 | −0.306% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0007% | 8h | 0.5145 | −0.180% | $514 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5152 | −0.050% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.460% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.526% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5150 | −0.092% | $101K | $187K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5149 | −0.115% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5152 | −0.047% | $173K | $177K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5142 | −0.247% | $11.3M | $28.1M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5146 | −0.170% | $7.5M | $13.6M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5145 | −0.189% | $7.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5157 | +0.047% | $1.6M | $598K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5147 | −0.150% | $2.5M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5143 | −0.228% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5152 | −0.050% | $226K | $305K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5147 | −0.150% | $4K | $2K | 10x | as long as short |
| Bulk JTO-USDshort | +0.0100% | 1h | 0.5128 | −0.519% | $56K | −$0 | 10x | |
| Extended JTO-USD | +0.0104% | 1h | 0.5146 | −0.164% | $519K | $1.1M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5150 | −0.083% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0248% | 1h | 0.5155 | long leg | $348K | $312K | 25x | |
| Phoenix JTO | +0.0312% | 1h | 0.5151 | −0.073% | $370K | $262K | 5x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5171 | +0.315% | $57K | $114K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5140 | −0.286% | $614K | $610K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0564% | 1h | 0.5147 | −0.143% | $222K | $463K | 10x | as long as short |
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
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP