Funding you earn now, next payment 08:00 UTC−0.0837%/8h= −91.6% APRnext payment −$1.05 per $10,000 · paid last 24h −0.111%
Price spread now: dYdX against Kraken Futures−0.284%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 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 −$25 a day on $10k at the current rate, and dYdX is 0.284% cheaper against Kraken Futures than usual: you would sell low and buy high (−$28 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 | 0.5143 | 0.0837 | pay 0.0105% / 1h | 10m 06s | $326K | $371K | 25x |
| Short | dYdX JTO-USD | 0.5128 | 0 | get 0.0000% / 1h | 10m 06s | $4K | $4K | 5x |
Kraken Futures PF_JTOUSD
dYdX JTO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$175.7
- Price spread: −0.284% → 0.000%
- −$28.37
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$224.07
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 28 min ago; dYdX: 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, 28 min ago | 22.68 bp | 62.2 bp −$62 | 912.4 bp −$9,124 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 | −0.0139% | 1h | 0.5138 | −0.097% | $13K | $30K | 10x | as long as short |
| Gate JTO_USDT | −0.0030% | 8h | 0.5139 | −0.077% | $891K | $1.0M | 75x | as long as short |
| dYdX JTO-USDshort | 0.0000% | 1h | 0.5128 | −0.284% | $4K | $4K | 5x | |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.712% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.305% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0044% | 8h | 0.5128 | −0.282% | $491 | $10 | 5x | as long as short |
| Bybit JTOUSDT | +0.0063% | 4h | 0.5135 | −0.155% | $6.8M | $14.4M | 50x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5141 | −0.038% | $115K | $243K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5143 | +0.005% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5137 | −0.119% | $120K | $230K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Bybit JTOUSDT
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 | 0.5135 | −0.149% | $10.9M | $28.7M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5132 | −0.213% | $3.8M | $9.9M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5073 | −1.352% | $55K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5136 | −0.136% | $6.1M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5139 | −0.073% | $1.5M | $588K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5134 | −0.175% | $2.3M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5137 | −0.116% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5118 | −0.479% | $219K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5138 | −0.097% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5133 | −0.187% | $524K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5140 | −0.065% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERP | +0.0269% | 1h | 0.5144 | +0.016% | $245K | $323K | 10x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5110 | −0.641% | $583K | $565K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5150 | +0.137% | $59K | $135K | 25x | as long as short |
| Phoenix JTO | +0.0472% | 1h | 0.5118 | −0.486% | $373K | $123K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0837% | 1h | 0.5143 | long leg | $326K | $371K | 25x |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
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]
Backpack JTO_USDC_PERP
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO