Funding arb · Price arb /

JTO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0837%/8h= −91.6% APRnext payment −$1.05 per $10,000 · paid last 24h —

Price spread now: Reya against Kraken Futures+7.712%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 7.712% dearer against Kraken Futures than usual: you sell high and buy low (spread +7.712% now, against zero (this spread has no 7-day history yet)): +$771 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 31 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JTOUSD	0.5143	0.0837	pay 0.0105% / 1h	10m 11s	$326K	$371K	25x
Short	Reya JTORUSDPERP	0.5540	0	get 0.0000% / 1h	10m 11s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ReyabpOrdersPrice spread, now +7.712%Rate

Funding earned: −$175.7
Price spread: +7.712% → 0.000%: $771.19
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $579.49
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 28 min ago; Reya: no order-book sample. 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, 28 min ago	22.68 bp	62.2 bp −$62	912.4 bp −$9,124	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0139%	1h	0.5138	−0.097%	$13K	$30K	10x	as long as short
Gate JTO_USDT	−0.0030%	8h	0.5139	−0.077%	$891K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5128	−0.284%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPshort	0.0000%	1h	0.5540	+7.712%	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.305%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0044%	8h	0.5128	−0.282%	$491	$10	5x	as long as short
Bybit JTOUSDT	+0.0063%	4h	0.5136	−0.136%	$6.8M	$14.4M	50x	as long as short
Lighter JTO	+0.0096%	1h	0.5141	−0.038%	$115K	$243K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5143	+0.005%	$7.0M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5138	−0.101%	$120K	$230K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance JTOUSDT	+0.0100%	4h	0.5137	−0.125%	$10.9M	$28.6M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5135	−0.155%	$3.8M	$9.9M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5073	−1.352%	$55K	−$0	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5136	−0.136%	$6.1M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5139	−0.073%	$1.5M	$588K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5139	−0.077%	$2.3M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5137	−0.116%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5118	−0.479%	$219K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5138	−0.097%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5136	−0.143%	$524K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5140	−0.065%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0269%	1h	0.5144	+0.016%	$245K	$323K	10x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5110	−0.641%	$583K	$565K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5150	+0.137%	$59K	$135K	25x	as long as short
Phoenix JTO	+0.0472%	1h	0.5118	−0.486%	$373K	$123K	5x	as long as short
Kraken Futures PF_JTOUSDlong	+0.0837%	1h	0.5143	long leg	$326K	$371K	25x