Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.071%
Price spread now: Kraken Futures against BingX−0.114%53s7-day average +0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$990.994% of the position
Funding, last 7 days+0.401%+$40 on $10k
+Price spread, last 3 days (all we have)+0.267%+$27 · spread now −0.114%, 7d avg +0.115%
=Funding pays, the price is against you. Kraken Futures is 0.230% cheaper against BingX than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of +0.115%). If the spread goes back, that is −$23 on $10k: about 6.2 days of funding at the current rate (+$4 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX JTO-USDT | 0.5163 | 0.0100 | pay 0.0050% / 4h | 46m 23s | — | $66.2M | — |
| Short | Kraken Futures PF_JTOUSD | 0.5157 | 0.0224 | get 0.0028% / 1h | 46m 23s | $350K | $311K | 25x |
BingX JTO-USDT
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $26.11
- Price spread: −0.114% → +0.115%
- −$22.99
- Slippage, 4 orders
- −$79.44
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$96.32
- Costs to cover
- 0.994%
- Break-even
- 32.8 days
Slippage from BingX: live order book, 8 min ago; Kraken Futures: live order book, 31 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 BingX live order book, 8 min ago | 2.89 bp | 12.9 bp −$13 | 23.6 bp −$236 | 184.9 bp −$18.5K | 472.2 bp −$236.1K |
| Sell Kraken Futures live order book, 31 min ago | 19.53 bp | 35.3 bp −$35 | 183.0 bp −$1,830 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0332% | 1h | 0.5151 | −0.232% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0147% | 8h | 0.5162 | −0.019% | $929K | $1.4M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0025% | 4h | 0.5162 | −0.019% | $3.9M | $9.6M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0020% | 8h | 0.5161 | −0.039% | $515 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5161 | −0.033% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.288% | — | — | — | as long as short |
| Bulk JTO-USD | +0.0023% | 1h | 0.5183 | +0.387% | $56K | $1K | 10x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.680% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5170 | +0.128% | $108K | $182K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5172 | +0.176% | $7.3M | $3.1M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Bulk JTO-USD
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5167 | +0.085% | $173K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5164 | +0.019% | $11.5M | $28.0M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5166 | +0.058% | $7.4M | $13.8M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5162 | −0.019% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5171 | +0.153% | $1.6M | $638K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5164 | +0.019% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDTlong | +0.0100% | 4h | 0.5163 | long leg | — | $66.2M | — | |
| Variational Omni JTO | +0.0100% | 4h | 0.5180 | +0.326% | $183K | $258K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5165 | +0.039% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5162 | −0.013% | $524K | $854K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5166 | +0.058% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0224% | 1h | 0.5157 | −0.114% | $350K | $311K | 25x | |
| Backpack JTO_USDC_PERP | +0.0239% | 1h | 0.5160 | −0.068% | $226K | $480K | 10x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5189 | +0.504% | $57K | $117K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5155 | −0.155% | $629K | $626K | 75x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5184 | +0.407% | $372K | $266K | 5x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Backpack JTO_USDC_PERP
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO