Bitcoin Futures

Dated futures term structure and basis across major exchanges

Nearest expiry (3 Nov 26)

+3.00%

Deribit only, annualized basis

3M nearest (29 Jan 27)

+5.64%

Deribit only, annualized basis

Contracts tracked

Venues reporting

Daily annualized basis by tenor -- 1W, 1M, 2M, 3M, 6M, 9M, 1Y, and their OI-weighted counterparts -- charted over time.

The cross-venue annualized basis curve by tenor, replayed for the latest recorded day and 1 day, 1 week and 1 month before it.

Each venue's annualized basis at the contract nearest the 3M tenor, one line per venue, charted over the recorded days.

Expiry	Days	Venues quoting	Median annualized basis	Min	Max	Total OI	24h Volume
3 Nov 26	0d	1	+3.00%	Deribit +3.00%	Deribit +3.00%	$3.37M	$3.09M
4 Nov 26	1d	1	+5.42%	Deribit +5.42%	Deribit +5.42%	$1.68M	$1.91M
5 Nov 26	2d	1	+5.93%	Deribit +5.93%	Deribit +5.93%	$1.49M	$1.87M
6 Nov 26	3d	4	+6.54%	HTX -6.56%	HTX +19.80%	$23.86M	$8.28M
13 Nov 26	10d	3	+6.15%	HTX -2.06%	Bybit +10.14%	$11.79M	$7.27M
20 Nov 26	17d	2	+7.08%	Deribit +5.97%	Bybit +8.19%	$8.14M	$1.8M
27 Nov 26	24d	4	+6.77%	OKX +5.79%	OKX +7.78%	$57.28M	$14.22M
25 Dec 26	52d	6	+5.80%	HTX +1.35%	OKX +8.13%	$480.46M	$25.96M
25 Dec 26	53d	1	—	—	—	—	—
29 Jan 27	87d	1	+5.64%	Deribit +5.64%	Deribit +5.64%	$2.98M	$683.12K
26 Mar 27	143d	5	+5.60%	Kraken +4.35%	OKX +6.17%	$179.01M	$16.79M
25 Jun 27	234d	3	+5.56%	OKX +5.07%	Deribit +5.60%	$75.2M	$2.72M
24 Sep 27	325d	3	+5.61%	Bybit +5.60%	Deribit +5.63%	$17.36M	$1.33M
31 Dec 27	423d	1	+4.54%	OKX +4.54%	OKX +4.54%	$1.03M	$353.49K

Bitcoin Futures Basis & Term Structure