Funding you earn now, next payment 08:00 UTC−0.0781%/8h= −85.5% APRpaid last 24h −0.100%
Price spread now: Bybit against Kraken Futures−0.134%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1491.489% of the position
Funding, last 7 days−0.592%−$59 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.134%, 7d avg −0.076%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.058% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.076%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JTOUSD | 0.5122 | 0.0840 | pay 0.0105% / 1h | 13m 06s | $325K | $371K | 25x |
| Short | Bybit JTOUSDT | 0.5115 | 0.0059 | get 0.0030% / 4h | 13m 06s | $6.8M | $14.4M | 50x |
Kraken Futures PF_JTOUSD
Bybit JTOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$164.01
- Price spread: −0.134% → −0.076%
- −$5.8
- Slippage, 4 orders
- −$127.92
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$318.73
- Costs to cover
- 1.489%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 25 min ago; Bybit: live order book, 5 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, 25 min ago | 22.68 bp | 62.2 bp −$62 | 912.4 bp −$9,124 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.97 bp | 26.7 bp −$27 | 70.2 bp −$702 | 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 | −0.0336% | 1h | 0.5116 | −0.115% | $13K | $30K | 10x | as long as short |
| Gate JTO_USDT | −0.0033% | 8h | 0.5115 | −0.134% | $886K | $1.0M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5113 | −0.174% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +8.155% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −2.907% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0040% | 8h | 0.5107 | −0.296% | $489 | $10 | 5x | as long as short |
| Bybit JTOUSDTshort | +0.0059% | 4h | 0.5115 | −0.134% | $6.8M | $14.4M | 50x | |
| Lighter JTO | +0.0096% | 1h | 0.5120 | −0.035% | $115K | $243K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5124 | +0.042% | $7.0M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5118 | −0.070% | $119K | $230K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
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 JTOUSDT | +0.0100% | 4h | 0.5117 | −0.095% | $10.8M | $28.7M | 75x | as long as short |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5114 | −0.154% | $3.8M | $9.9M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5073 | −0.946% | $55K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5115 | −0.134% | $6.1M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5118 | −0.084% | $1.5M | $588K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5116 | −0.115% | $2.3M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5115 | −0.134% | — | $8.6M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5095 | −0.531% | $218K | $229K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5118 | −0.076% | $4K | $918 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5114 | −0.162% | $524K | $2.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0208% | 1h | 0.5123 | +0.022% | $244K | $324K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5107 | −0.286% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5108 | −0.271% | $582K | $565K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5127 | +0.100% | $58K | $134K | 25x | as long as short |
| Phoenix JTO | +0.0472% | 1h | 0.5118 | −0.076% | $373K | $123K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0840% | 1h | 0.5122 | long leg | $325K | $371K | 25x |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
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]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO