Funding you earn now, next payment 04:00 UTC+0.0633%/8h= +69.3% APRpaid last 24h +0.080%
Price spread now: Kraken Futures against Bybit+0.186%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1331.335% of the position
Funding, last 7 days+0.573%+$57 on $10k
+Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.186%, 7d avg +0.078%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Kraken Futures is 0.108% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit JTOUSDT | 0.5120 | 0.0100 | pay 0.0050% / 4h | 38m 42s | $7.1M | $13.9M | 50x |
| Short | Kraken Futures PF_JTOUSD | 0.5130 | 0.0733 | get 0.0092% / 1h | 38m 42s | $336K | $311K | 25x |
Bybit JTOUSDT
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $132.95
- Price spread: +0.186% → +0.078%
- $10.81
- Slippage, 4 orders
- −$112.48
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $10.28
- Costs to cover
- 1.335%
- Break-even
- 6.5 days
Slippage from Bybit: live order book, 5 min ago; Kraken Futures: live order book, 19 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 Bybit live order book, 5 min ago | 2.93 bp | 28.5 bp −$28 | 69.9 bp −$699 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 19 min ago | 19.58 bp | 46.5 bp −$47 | 473.3 bp −$4,733 | 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 | −0.0725% | 1h | 0.5125 | +0.098% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0431% | 8h | 0.5125 | +0.098% | $891K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5126 | +0.119% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.193% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.871% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0075% | 8h | 0.5116 | −0.076% | $511 | — | 5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0085% | 4h | 0.5115 | −0.098% | $3.8M | $9.3M | 50x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5126 | +0.117% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5127 | +0.131% | $117K | $226K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5130 | +0.201% | $7.0M | $3.1M | 5x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
OKX JTO-USDT-SWAP
Orderly PERP_JTO_USDC_mythos
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 | 0.5123 | +0.057% | $125K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5117 | −0.058% | $11.2M | $27.3M | 75x | as long as short |
| Bybit JTOUSDTlong | +0.0100% | 4h | 0.5120 | long leg | $7.1M | $13.9M | 50x | |
| Bulk JTO-USD | +0.0100% | 1h | 0.5096 | −0.469% | $55K | $17K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5117 | −0.059% | $6.5M | $3.4M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5126 | +0.109% | $1.5M | $597K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5122 | +0.039% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5118 | −0.039% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5131 | +0.217% | $267K | $313K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5111 | −0.175% | $221K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5116 | −0.081% | $518K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5133 | +0.254% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5119 | −0.020% | $614K | $502K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0416% | 1h | 0.5141 | +0.410% | $58K | $135K | 25x | as long as short |
| Phoenix JTO | +0.0469% | 1h | 0.5122 | +0.039% | $378K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0733% | 1h | 0.5130 | +0.186% | $336K | $311K | 25x |
Aster JTOUSDT
Binance JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO