Funding you earn now, next payment 07:00 UTC−0.0752%/8h= −82.3% APRnext payment −$0.94 per $10,000 · paid last 24h −0.071%
Price spread now: Lighter against Kraken Futures+0.105%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1421.417% of the position
Funding, last 7 days−0.432%−$43 on $10k
+Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.105%, 7d avg −0.008%
=Together, before fees−0.653%+ Points / potential airdropLighter: Season 3 · farm board−$65 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.113% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.008%): +$11 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.432% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.432% in total (about -22.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.94 per $10,000. 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 | 0.5088 | 0.0848 | pay 0.0106% / 1h | 25m 23s | $323K | $374K | 25x |
| Short | Lighter JTO | 0.5093 | 0.0096 | get 0.0012% / 1h | 25m 23s | $114K | $240K | 10x |
Kraken Futures PF_JTOUSD
Lighter JTOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$157.89
- Price spread: +0.105% → −0.008%
- $11.26
- Slippage, 4 orders
- −$131.71
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$288.34
- Costs to cover
- 1.417%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 17 min ago; Lighter: live order book, 65 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, 17 min ago | 21.61 bp | 47.8 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 65 min ago | 9.30 bp | 27.1 bp −$27 | 58.8 bp −$588 | 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 | −0.0149% | 8h | 0.5092 | +0.079% | $887K | $1.0M | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0143% | 1h | 0.5082 | −0.117% | $13K | $30K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5076 | −0.235% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.873% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.260% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0074% | 8h | 0.5086 | −0.033% | $487 | $10 | 5x | as long as short |
| Bybit JTOUSDT | +0.0078% | 4h | 0.5090 | +0.040% | $6.8M | $14.2M | 50x | as long as short |
| Lighter JTOshort | +0.0096% | 1h | 0.5093 | +0.105% | $114K | $240K | 10x | |
| Hyperliquid JTO | +0.0100% | 1h | 0.5100 | +0.240% | $6.9M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5095 | +0.138% | $119K | $230K | 10x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Bybit JTOUSDT
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 | 0.5092 | +0.072% | $10.8M | $28.8M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5089 | +0.020% | $3.8M | $9.8M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5041 | −0.926% | $55K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5092 | +0.079% | $6.0M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5095 | +0.138% | $1.5M | $620K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5091 | +0.059% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5093 | +0.099% | — | $8.6M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5090 | +0.046% | $221K | $311K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5079 | −0.184% | $218K | $240K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5091 | +0.059% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5087 | −0.025% | $511K | $2.2M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5059 | −0.572% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5053 | −0.687% | $586K | $533K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0456% | 1h | 0.5088 | 0.000% | $57K | $138K | 25x | as long as short |
| Phoenix JTO | +0.0467% | 1h | 0.5069 | −0.373% | $374K | $118K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0848% | 1h | 0.5088 | long leg | $323K | $374K | 25x |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO