Basis measures the spread between spot reference prices and perpetual futures. It helps detect crowded longs, stressed shorts, and potential mean-reversion zones before price alone makes them obvious.
Average Premium
0.000%
Across covered perp markets
Market State
Unavailable
Updated N/A
Premium
0
Perps above spot
Discount
0
Perps below spot
Flat
0
Spot and perp aligned
How To Use
Stress, not a blind trade
Confirm with funding, OI, liquidity, and trend.
Why this page matters: A positive premium means perps trade above spot and longs are willing to pay up for exposure. A negative premium means perps trade below spot and can reveal short pressure or market stress. Large spreads are useful context for risk management, mean reversion, and cash-and-carry research, but they are not standalone signals.