Funding arb · Price arb /

JTO

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Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0247%/8h= +27.0% APRnext payment +$0.31 per $10,000 · paid last 24h —

Price spread now: Kraken Futures against Reya−6.572%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 6.572% cheaper against Reya than usual: you would sell low and buy high (spread −6.572% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$657 on $10k: about 3 months of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JTORUSDPERP	0.5539	0	get 0.0000% / 1h	22m 34s	—	—	—
Short	Kraken Futures PF_JTOUSD	0.5175	0.0247	get 0.0031% / 1h	22m 34s	$349K	$311K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Reya. 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 ReyabpFee Kraken FuturesbpOrdersPrice spread, now −6.572%Rate

Funding earned: $51.78
Price spread: −6.572% → 0.000%: −$657.2
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$621.42
Costs to cover: 0.160%
Break-even: 91.0 days

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 50 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 50 min ago	17.61 bp	35.9 bp −$36	168.2 bp −$1,682	doesn't fit	doesn't fit

Reya: 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	−0.0330%	1h	0.5167	−6.722%	$13K	$10K	10x	as long as short
OKX JTO-USDT-SWAP	−0.0059%	4h	0.5171	−6.650%	$3.9M	$9.4M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5174	−6.593%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5539	long leg	—	—	—
Paradex JTO-USD-PERP	+0.0023%	8h	0.5169	−6.680%	$516	—	5x	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−10.224%	$31	$43K	5.5x	as long as short
Gate JTO_USDT	+0.0046%	8h	0.5171	−6.650%	$914K	$1.2M	75x	as long as short
Lighter JTO	+0.0096%	1h	0.5175	−6.572%	$99K	$189K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5180	−6.480%	$7.1M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5174	−6.600%	$174K	$177K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5169	−6.686%	$11.4M	$27.7M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5176	−6.560%	$7.6M	$13.4M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5161	−6.830%	$56K	−$0	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5172	−6.632%	$7.0M	$3.6M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5178	−6.527%	$1.6M	$599K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5173	−6.614%	$2.5M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5172	−6.632%	—	$67.9M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5190	−6.313%	$227K	$300K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5167	−6.722%	$4K	$2K	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5169	−6.688%	$521K	$2.0M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5171	−6.657%	$2K	—	50x	as long as short
Kraken Futures PF_JTOUSDshort	+0.0247%	1h	0.5175	−6.572%	$349K	$311K	25x
Phoenix JTO	+0.0312%	1h	0.5191	−6.289%	$383K	$262K	5x	as long as short
Coinbase International JTO-PERP-INTX	+0.0320%	1h	0.5179	−6.506%	$64K	$129K	25x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5171	−6.650%	$624K	$595K	75x	as long as short
Backpack JTO_USDC_PERP	+0.0418%	1h	0.5176	−6.565%	$224K	$464K	10x	as long as short