JTO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1804%/8h= +197.5% APRnext payment +$2.25 per $10,000 · paid last 24h +0.506%

Price spread now: GMX against Kraken Futures−0.125%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. GMX is 0.125% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 6 hours of funding at the current rate (+$54 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JTOUSD	0.5179	0.0377	pay 0.0047% / 1h	44m 40s	$337K	$312K	25x
Short	GMX JTO/USD [WBTC.b-USDC]	0.5173	L +0.0224% / S −0.2181%	get 0.0273% / 1h	44m 40s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.125%Rate

Funding earned: $378.79
Price spread: −0.125% → 0.000%: −$12.52
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $344.27
Costs to cover: 0.220%
Break-even: 0.6 days

Slippage unknown: Kraken Futures: live order book, 8 min ago; GMX: 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, 8 min ago	29.97 bp	50.1 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Bybit JTOUSDT	−0.0538%	4h	0.5170	−0.179%	$7.1M	$14.0M	50x	as long as short
Gate JTO_USDT	−0.0373%	8h	0.5158	−0.411%	$899K	$999K	75x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0330%	1h	0.5173	−0.121%	$13K	$10K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5171	−0.160%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+6.958%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.983%	$31	$43K	5.5x	as long as short
OKX JTO-USDT-SWAP	+0.0075%	4h	0.5154	−0.488%	$3.9M	$9.4M	50x	as long as short
Paradex JTO-USD-PERP	+0.0085%	8h	0.5167	−0.237%	$516	—	5x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5173	−0.121%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5173	−0.111%	$119K	$226K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JTO	+0.0100%	1h	0.5177	−0.051%	$7.0M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5169	−0.190%	$125K	$218K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5168	−0.218%	$11.3M	$27.5M	75x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5172	−0.147%	$56K	$17K	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5165	−0.275%	$6.2M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5169	−0.194%	$1.5M	$602K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5158	−0.411%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5158	−0.411%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5170	−0.187%	$224K	$246K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5167	−0.246%	$521K	$1.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]short	L +0.0224% / S −0.2181%	1h	0.5173	−0.125%	$2K	—	50x
Phoenix JTO	+0.0310%	1h	0.5173	−0.121%	$382K	$114K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5168	−0.218%	$619K	$538K	75x	as long as short
Kraken Futures PF_JTOUSDlong	+0.0377%	1h	0.5179	long leg	$337K	$312K	25x
Coinbase International JTO-PERP-INTX	+0.0440%	1h	0.5182	+0.053%	$59K	$138K	25x	as long as short
Backpack JTO_USDC_PERP	+0.0735%	1h	0.5181	+0.037%	$268K	$313K	10x	as long as short