Funding you earn now, next payment 10:00 UTC+0.0448%/8h= +49.0% APRnext payment +$0.56 per $10,000 · paid last 24h +0.069%
Price spread now: Kraken Futures against Hyperliquid+0.064%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1291.292% of the position
Funding, last 7 days+0.354%+$35 on $10k
+Price spread, last 4 days (all we have)−0.437%−$44 · spread now +0.064%, 7d avg −0.070%
=Together, before fees−0.083%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.134% dearer against Hyperliquid than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid JTO | 0.5055 | 0.0100 | pay 0.0013% / 1h | 54m 32s | $6.8M | $3.0M | 5x |
| Short | Kraken Futures PF_JTOUSD | 0.5058 | 0.0548 | get 0.0068% / 1h | 54m 32s | $335K | $378K | 25x |
Hyperliquid JTO
Kraken Futures PF_JTOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Hyperliquid. 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
- $94.03
- Price spread: +0.064% → −0.070%
- $13.39
- Slippage, 4 orders
- −$110.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$21.83
- Costs to cover
- 1.292%
- Break-even
- 8.6 days
Slippage from Hyperliquid: live order book, 8 min ago; Kraken Futures: live order book, 38 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 Hyperliquid live order book, 8 min ago | 0.29 bp | 14.6 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 38 min ago | 26.75 bp | 33.4 bp −$33 | 127.9 bp −$1,279 | 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 | −0.0541% | 1h | 0.5051 | −0.079% | $12K | $30K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5046 | −0.178% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +9.584% | — | — | — | as long as short |
| Bybit JTOUSDT | +0.0024% | 4h | 0.5042 | −0.257% | $6.6M | $13.8M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0032% | 8h | 0.5044 | −0.226% | $483 | $10 | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −1.622% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5044 | −0.208% | $112K | $218K | 10x | as long as short |
| Hyperliquid JTOlong | +0.0100% | 1h | 0.5055 | long leg | $6.8M | $3.0M | 5x | |
| Aster JTOUSDT | +0.0100% | 4h | 0.5048 | −0.143% | $118K | $207K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5045 | −0.204% | $10.6M | $27.4M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Bybit JTOUSDT
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Lighter JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5042 | −0.257% | $3.7M | $9.6M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5103 | +0.950% | $55K | −$0 | 10x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5040 | −0.297% | $876K | $872K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5040 | −0.297% | $6.1M | $3.2M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5043 | −0.239% | $1.4M | $612K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5045 | −0.198% | $2.2M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5041 | −0.277% | — | $8.5M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5079 | +0.475% | $217K | $211K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5052 | −0.059% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5037 | −0.346% | $519K | $2.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0109% | 1h | 0.5054 | −0.020% | $245K | $326K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5055 | −0.008% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0313% | 1h | 0.5104 | +0.969% | $361K | $135K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5060 | +0.099% | $574K | $551K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5087 | +0.633% | $57K | $131K | 25x | as long as short |
| Kraken Futures PF_JTOUSDshort | +0.0548% | 1h | 0.5058 | +0.064% | $335K | $378K | 25x |
OKX JTO-USDT-SWAP
Bulk JTO-USD
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX