Crypto Basis Calculator: Spot vs Perpetual and Futures Basis
A basis calculator measures the gap between a coin's spot price and its perpetual or futures price. A positive basis is the premium a cash-and-carry trade captures when prices converge.
- Basis
- 0.500%
- Annualized basis
- 6.08%
How it is calculated
- Basis = (derivative price − spot price) ÷ spot price
- Annualized basis = basis × 365 ÷ days to expiry or holding period
Frequently asked questions
- What does a positive basis mean?
- The perpetual or futures contract trades above spot, which usually happens when longs are in demand. It often comes with positive funding.
- Does the basis of a perpetual converge?
- Perpetuals have no expiry, so the basis does not have to reach zero, but funding payments push the perpetual price back toward spot over time.