Resolving liquidity matrix...
Loading listed desk
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
2,676.9
Perp mark
2,678.9
Perp - spot ($)
+$2.00
Perp - spot (bps)
+7.5 bps
No exchange futures marks on this snapshot. Not inventing a dated-futures basis curve or annualized slope. Observed perp vs spot (when M ticker is live) and M funding are perp carry — not cash-and-carry dated basis.
Partner funding rows when live · not a dated-futures term structure
| Venue | Rate | Annualized |
|---|---|---|
| bybit | 0.0068% | 7.46% |
| binance | 0.0046% | 5.09% |
| hyperliquid | 0.0013% | 1.37% |
| okx | 0.0025% | 2.77% |
| VENUE | UNDERLYING INDEX | SPREAD ($ VS MID) | DISLOCATION (BPS) | STATUS |
|---|---|---|---|---|
| Deribit | $2,678 | $-4.81 | -17.9 bps | Wide vs mid |
| Bybit | $2,693 | +$9.70 | +36.1 bps | Wide vs mid |
| OKX | $2,678 | $-4.72 | -17.6 bps | Wide vs mid |
| Binance | $2,678 | $-4.81 | -17.9 bps | Wide vs mid |
| Derive | $2,677 | $-6.47 | -24.1 bps | Wide vs mid |
| Thalex | $2,678 | $-4.81 | -17.9 bps | Wide vs mid |
| Paradex | $2,681 | $-2.26 | -8.4 bps | Tight |
| Coincall | $2,701 | +$18.19 | +67.8 bps | Wide vs mid |