Funding you earn now, next payment 11:00 UTC+0.0417%/8h= +45.7% APRpaid last 24h −0.095%
Price spread now: BingX against Kraken Futures−0.033%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$940.942% of the position
Funding, last 7 days−0.456%−$46 on $10k
+Price spread, last 4 days (all we have)−0.125%−$12 · spread now −0.033%, 7d avg −0.112%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BingX is 0.078% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.112%. Mind the row above: over the last 7 days funding on this pair cost −0.456%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JTOUSD | 0.5040 | −0.0317 | get 0.0040% / 1h | 48m 04s | $329K | $402K | 25x |
| Short | BingX JTO-USDT | 0.5038 | 0.0100 | get 0.0050% / 4h | 1h 48m | — | $8.3M | — |
Kraken Futures PF_JTOUSD
BingX JTO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $87.61
- Price spread: −0.033% → −0.112%
- $7.84
- Slippage, 4 orders
- −$74.16
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $1.3
- Costs to cover
- 0.942%
- Break-even
- 6.9 days
Slippage from Kraken Futures: live order book, 62 min ago; BingX: 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, 62 min ago | 21.76 bp | 33.6 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 2.97 bp | 14.1 bp −$14 | 30.6 bp −$306 | 196.7 bp −$19.7K | 532.4 bp −$266.2K |
JTO on 26 exchanges
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 | −0.0741% | 1h | 0.5039 | −0.014% | $22K | $40K | 10x | as long as short |
| Kraken Futures PF_JTOUSDlong | −0.0317% | 1h | 0.5040 | long leg | $329K | $402K | 25x | |
| Bybit JTOUSDT | −0.0197% | 4h | 0.5043 | +0.066% | $6.5M | $13.1M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0028% | 8h | 0.5039 | −0.015% | $483 | $10 | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5044 | +0.080% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +9.918% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −1.323% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5044 | +0.092% | $112K | $205K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5049 | +0.181% | $6.8M | $2.8M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5043 | +0.075% | $116K | $204K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5038 | −0.033% | $10.5M | $25.7M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5037 | −0.053% | $3.7M | $9.1M | 50x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5038 | −0.033% | $877K | $855K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5038 | −0.033% | $6.0M | $3.0M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5039 | −0.023% | $1.4M | $590K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5040 | +0.006% | $2.2M | $2.2M | 50x | as long as short |
| BingX JTO-USDTshort | +0.0100% | 4h | 0.5038 | −0.033% | — | $8.3M | — | |
| Variational Omni JTO | +0.0100% | 4h | 0.5035 | −0.089% | $217K | $191K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5038 | −0.033% | $4K | $798 | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5050 | +0.205% | $55K | −$0 | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0101% | 1h | 0.5046 | +0.119% | $235K | $337K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5036 | −0.066% | $516K | $2.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5044 | +0.085% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0316% | 1h | 0.5047 | +0.145% | $357K | $122K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5030 | −0.192% | $572K | $517K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5036 | −0.073% | $56K | $121K | 25x | as long as short |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Gate JTO_USDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Backpack JTO_USDC_PERP
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX