Funding arb · Price arb /

JTO

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Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0843%/8h= +92.3% APRnext payment +$1.05 per $10,000 · paid last 24h —

Price spread now: Kraken Futures against Reya−7.817%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 7.817% cheaper against Reya than usual: you would sell low and buy high (spread −7.817% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$782 on $10k: about 31 days of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JTORUSDPERP	0.5540	0	get 0.0000% / 1h	2m 35s	—	—	—
Short	Kraken Futures PF_JTOUSD	0.5107	0.0843	get 0.0105% / 1h	2m 35s	$324K	$369K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Reya. 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 ReyabpFee Kraken FuturesbpOrdersPrice spread, now −7.817%Rate

Funding earned: $176.95
Price spread: −7.817% → 0.000%: −$781.67
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$620.73
Costs to cover: 0.160%
Break-even: 31.6 days

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 35 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 Reya no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 35 min ago	22.68 bp	33.9 bp −$34	135.9 bp −$1,359	doesn't fit	doesn't fit

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	−0.0338%	1h	0.5098	−7.971%	$13K	$30K	10x	as long as short
Gate JTO_USDT	−0.0026%	8h	0.5102	−7.899%	$884K	$1.0M	75x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5110	−7.755%	$4K	$4K	5x	as long as short
Reya JTORUSDPERPlong	0.0000%	1h	0.5540	long leg	—	—	—
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−10.228%	$31	$43K	5.5x	as long as short
Bybit JTOUSDT	+0.0046%	4h	0.5106	−7.827%	$6.8M	$14.4M	50x	as long as short
Paradex JTO-USD-PERP	+0.0049%	8h	0.5106	−7.827%	$489	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5111	−7.730%	$114K	$243K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5113	−7.695%	$6.9M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5108	−7.786%	$119K	$232K	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	0.5103	−7.881%	$10.8M	$28.6M	75x	as long as short
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5102	−7.899%	$3.7M	$9.9M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5120	−7.572%	$55K	−$0	10x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5105	−7.845%	$6.1M	$3.5M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5105	−7.838%	$1.5M	$588K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5105	−7.845%	$2.3M	$2.4M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5103	−7.881%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5096	−8.011%	$218K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5097	−7.990%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5102	−7.906%	$524K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5101	−7.923%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0259%	1h	0.5110	−7.749%	$244K	$323K	10x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5094	−8.044%	$584K	$564K	75x	as long as short
Coinbase International JTO-PERP-INTX	+0.0464%	1h	0.5105	−7.845%	$58K	$134K	25x	as long as short
Phoenix JTO	+0.0472%	1h	0.5106	−7.827%	$372K	$123K	5x	as long as short
Kraken Futures PF_JTOUSDshort	+0.0843%	1h	0.5107	−7.817%	$324K	$369K	25x