Funding you earn now, next payment 01:00 UTC−0.0506%/8h= −55.4% APRnext payment −$0.63 per $10,000 · paid last 24h +0.024%
Price spread now: Coinbase International against Kraken Futures+0.068%7-day average +0.253% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.068%, 7d avg +0.253%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Coinbase International is 0.185% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.253%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JTOUSD | 0.5156 | 0.0770 | pay 0.0096% / 1h | 16m 16s | $347K | $308K | 25x |
| Short | Coinbase International JTO-PERP-INTX | 0.5160 | 0.0264 | get 0.0033% / 1h | 16m 16s | $60K | $138K | 25x |
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$106.16
- Price spread: +0.068% → +0.253%
- −$18.51
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$144.67
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 51 min ago; Coinbase International: live order book, 51 min ago. Net counts fees only.
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, 51 min ago | 21.31 bp | 38.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 51 min ago | 12.61 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
JTO on 25 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 | −0.0332% | 1h | 0.5154 | −0.048% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0150% | 8h | 0.5148 | −0.164% | $908K | $1.1M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5149 | −0.145% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.425% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.558% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0053% | 4h | 0.5149 | −0.145% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0079% | 8h | 0.5144 | −0.248% | $513 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5153 | −0.068% | $4K | $872 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5159 | +0.049% | $120K | $233K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5155 | −0.021% | $127K | $222K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Aster JTOUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5152 | −0.087% | $11.3M | $27.6M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5154 | −0.048% | $7.5M | $13.5M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5151 | −0.106% | $6.6M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5155 | −0.035% | $1.6M | $578K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5154 | −0.048% | $2.4M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5155 | −0.029% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5153 | −0.075% | $267K | $428K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5160 | +0.059% | $224K | $294K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5141 | −0.305% | $56K | $15K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5152 | −0.094% | $523K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5155 | −0.024% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTXshort | +0.0264% | 1h | 0.5160 | +0.068% | $60K | $138K | 25x | |
| Hyperliquid JTO | +0.0424% | 1h | 0.5164 | +0.144% | $7.1M | $3.2M | 5x | as long as short |
| Phoenix JTO | +0.0466% | 1h | 0.5175 | +0.359% | $382K | $114K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0770% | 1h | 0.5156 | long leg | $347K | $308K | 25x |
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Hyperliquid JTO
Phoenix JTO