Funding you earn now, next payment 10:00 UTC−0.0447%/8h= −49.0% APRpaid last 24h −0.095%
Price spread now: KuCoin against Kraken Futures+0.055%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$250as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$2052.050% of the position
Funding, last 7 days−0.449%−$45 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.055%, 7d avg −0.042%
=The price spread pays, funding is against you. KuCoin is 0.096% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.042%): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.449% in total) that is about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JTOUSD | 0.5063 | 0.0547 | pay 0.0068% / 1h | 15m 42s | $331K | $404K | 25x |
| Short | KuCoin JTOUSDTM | 0.5066 | 0.0100 | get 0.0050% / 4h | 2h 15m | $1.4M | $592K | 20x |
Kraken Futures PF_JTOUSD
KuCoin JTOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$93.91
- Price spread: +0.055% → −0.042%
- $9.62
- Slippage, 4 orders
- −$183.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$289.31
- Costs to cover
- 2.050%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 35 min ago; KuCoin: live order book, 3 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, 35 min ago | 21.76 bp | 33.6 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 8.89 bp | 72.8 bp −$73 | 281.6 bp −$2,816 | doesn't fit | doesn't fit |
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 | −0.0539% | 1h | 0.5064 | +0.015% | $23K | $40K | 10x | as long as short |
| Bybit JTOUSDT | −0.0153% | 4h | 0.5063 | −0.005% | $6.6M | $13.5M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5068 | +0.093% | $3K | $5K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +9.406% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −1.782% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0056% | 8h | 0.5063 | −0.001% | $485 | $10 | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5068 | +0.100% | $113K | $218K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5071 | +0.155% | $6.8M | $2.8M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5066 | +0.058% | $117K | $205K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5062 | −0.024% | $10.5M | $26.5M | 75x | as long as short |
Deribit JTO_USDC-PERPETUAL
Bybit JTOUSDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5061 | −0.044% | $3.8M | $9.3M | 50x | as long as short |
| Gate JTO_USDT | +0.0100% | 8h | 0.5064 | +0.015% | $879K | $886K | 75x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5062 | −0.024% | $6.1M | $3.2M | 50x | as long as short |
| KuCoin JTOUSDTMshort | +0.0100% | 4h | 0.5066 | +0.055% | $1.4M | $592K | 20x | |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5062 | −0.024% | $2.2M | $2.2M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5064 | +0.015% | — | $8.4M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5063 | −0.006% | $216K | $188K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5065 | +0.035% | $4K | $798 | 10x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5055 | −0.163% | $55K | −$0 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5062 | −0.028% | $519K | $2.7M | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0194% | 1h | 0.5073 | +0.189% | $248K | $313K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5067 | +0.078% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5057 | −0.123% | $572K | $543K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0464% | 1h | 0.5079 | +0.311% | $56K | $127K | 25x | as long as short |
| Phoenix JTO | +0.0469% | 1h | 0.5080 | +0.331% | $359K | $135K | 5x | as long as short |
| Kraken Futures PF_JTOUSDlong | +0.0547% | 1h | 0.5063 | long leg | $331K | $404K | 25x |
OKX JTO-USDT-SWAP
Gate JTO_USDT
MEXC JTO_USDT
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Bulk JTO-USD
Extended JTO-USD
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO