Funding you earn now, next payment 06:00 UTC−0.0380%/8h= −41.7% APRpaid last 24h −0.064%
Price spread now: Binance against Kraken Futures−0.220%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1371.372% of the position
Funding, last 7 days−0.446%−$45 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.220%, 7d avg −0.129%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Binance is 0.091% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JTOUSD | 0.5153 | 0.0480 | pay 0.0060% / 1h | 2m 56s | $344K | $347K | 25x |
| Short | Binance JTOUSDT | 0.5142 | 0.0100 | get 0.0050% / 4h | 2h 02m | $11.2M | $27.9M | 75x |
Kraken Futures PF_JTOUSD
Binance JTOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$79.89
- Price spread: −0.220% → −0.129%
- −$9.09
- Slippage, 4 orders
- −$117.17
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$226.16
- Costs to cover
- 1.372%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 45 min ago; Binance: live order book, 8 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, 45 min ago | 26.13 bp | 55.3 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.97 bp | 14.8 bp −$15 | 32.1 bp −$321 | 234.3 bp −$23.4K | 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 | −0.0198% | 8h | 0.5138 | −0.298% | $904K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5138 | −0.297% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.495% | — | — | — | as long as short |
| Deribit JTO_USDC-PERPETUAL | 0.0000% | 1h | 0.5141 | −0.240% | $13K | $30K | 10x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.500% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0074% | 4h | 0.5142 | −0.220% | $3.8M | $9.6M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0084% | 8h | 0.5138 | −0.304% | $492 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5148 | −0.102% | $115K | $236K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5152 | −0.017% | $7.0M | $3.0M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5142 | −0.217% | $122K | $220K | 10x | as long as short |
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Deribit JTO_USDC-PERPETUAL
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDTshort | +0.0100% | 4h | 0.5142 | −0.220% | $11.2M | $27.9M | 75x | |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5141 | −0.240% | $7.0M | $14.2M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5141 | −0.240% | $6.0M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5142 | −0.213% | $1.5M | $612K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5142 | −0.220% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5142 | −0.220% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5153 | −0.015% | $221K | $241K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5141 | −0.240% | $4K | $652 | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5140 | −0.254% | $56K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5141 | −0.249% | $518K | $2.2M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5139 | −0.282% | $2K | — | 50x | as long as short |
| Backpack JTO_USDC_PERP | +0.0264% | 1h | 0.5150 | −0.073% | $265K | $307K | 10x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5142 | −0.220% | $602K | $542K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5159 | +0.110% | $59K | $133K | 25x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5148 | −0.104% | $380K | $118K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0480% | 1h | 0.5153 | long leg | $344K | $347K | 25x |
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Backpack JTO_USDC_PERP
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO