Funding you earn now, next payment 02:00 UTC−0.0949%/8h= −104.0% APRpaid last 24h −0.111%
Price spread now: Gate against Kraken Futures−0.066%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1651.648% of the position
Funding, last 7 days−0.484%−$48 on $10k
+Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.066%, 7d avg −0.099%
=The price spread pays, funding is against you. Gate is 0.033% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.099%): +$3 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.484% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.484% in total (about -25.2% 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 | 0.5164 | 0.0768 | pay 0.0096% / 1h | 18m 58s | $347K | $308K | 25x |
| Short | Gate JTO_USDT | 0.5161 | −0.0181 | pay 0.0181% / 8h | 6h 18m | $910K | $1.1M | 75x |
Kraken Futures PF_JTOUSD
Gate JTO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$199.36
- Price spread: −0.066% → −0.099%
- $3.26
- Slippage, 4 orders
- −$139.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$360.95
- Costs to cover
- 1.648%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 49 min ago; Gate: 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, 49 min ago | 21.31 bp | 38.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 8.72 bp | 38.3 bp −$38 | 96.5 bp −$965 | doesn't fit | doesn't fit |
JTO on 25 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 | −0.0525% | 1h | 0.5160 | −0.086% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDTshort | −0.0181% | 8h | 0.5161 | −0.066% | $910K | $1.1M | 75x | |
| dYdX JTO-USD | 0.0000% | 1h | 0.5162 | −0.046% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.263% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.706% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0056% | 4h | 0.5164 | −0.008% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0080% | 8h | 0.5156 | −0.172% | $515 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5161 | −0.066% | $4K | $872 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5170 | +0.106% | $123K | $230K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5166 | +0.022% | $127K | $222K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Aster JTOUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5164 | −0.008% | $11.4M | $27.6M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5167 | +0.050% | $7.6M | $13.5M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5163 | −0.027% | $6.8M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5169 | +0.081% | $1.6M | $579K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5166 | +0.031% | $2.4M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5165 | +0.011% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5171 | +0.122% | $267K | $428K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5160 | −0.094% | $224K | $294K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5162 | −0.039% | $56K | $15K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5163 | −0.035% | $523K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5162 | −0.039% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5175 | +0.205% | $60K | $139K | 25x | as long as short |
| Hyperliquid JTO | +0.0430% | 1h | 0.5174 | +0.193% | $7.2M | $3.2M | 5x | as long as short |
| Phoenix JTO | +0.0466% | 1h | 0.5166 | +0.031% | $381K | $114K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0768% | 1h | 0.5164 | long leg | $347K | $308K | 25x |
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
Hyperliquid JTO
Phoenix JTO