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Observed perp vs spot · M perp funding when live · not invented dated-futures slope · research terminal, not an OMS
Observed perp vs spot from M ticker when live. Venue index vs mid is dislocation, not dated-futures basis. Research terminal — not an OMS.
Spot / index
83,203.7
Perp mark
83,269.8
Perp - spot ($)
+$66.05
Perp - spot (bps)
+7.9 bps
No exchange futures marks on this snapshot. Not inventing a dated-futures basis curve or annualized slope. Observed perp vs spot (when M ticker is live) and M funding are perp carry — not cash-and-carry dated basis.
Partner funding rows when live · not a dated-futures term structure
| Venue | Rate | Annualized |
|---|---|---|
| bybit | 0.0058% | 6.34% |
| binance | 0.0062% | 6.81% |
| hyperliquid | 0.0013% | 1.37% |
| okx | 0.0071% | 7.81% |
| VENUE | UNDERLYING INDEX | SPREAD ($ VS MID) | DISLOCATION (BPS) | STATUS |
|---|---|---|---|---|
| OKX | $82,949 | $-386.51 | -46.4 bps | Wide vs mid |
| Bybit | $84,094 | +$758.32 | +91.0 bps | Wide vs mid |
| Derive | $83,121 | $-214.71 | -25.8 bps | Wide vs mid |
| Thalex | $83,051 | $-284.47 | -34.1 bps | Wide vs mid |
| Binance | $83,096 | $-239.48 | -28.7 bps | Wide vs mid |
| Deribit | $83,047 | $-288.75 | -34.6 bps | Wide vs mid |
| Paradex | $83,057 | $-278.49 | -33.4 bps | Wide vs mid |
| Coincall | $84,270 | +$934.07 | +112.1 bps | Wide vs mid |