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Rates annualized, ACT/365. Circles are Boros markets; diamonds are dated futures.
| Boros market | Futures venue | Contract | Futures expiry | |||||
|---|---|---|---|---|---|---|---|---|
| Binance | Sep 25, 26 | 5.45% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | same date | +1.38pp |
| Binance | Sep 25, 26 | 5.45% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.19% | same date | +1.27pp |
| Binance | Sep 25, 26 | 5.45% | CME | METV6 | Oct 30, 26 | delayed4.63% | +35d | +0.83pp |
| Binance | Sep 25, 26 | 5.45% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | +0.77pp |
| Gate | Sep 25, 26 | 5.16% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | same date | +1.09pp |
| Gate | Sep 25, 26 | 5.16% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.19% | same date | +0.97pp |
| Gate | Sep 25, 26 | 5.16% | CME | METV6 | Oct 30, 26 | delayed4.63% | +35d | +0.53pp |
| Gate | Sep 25, 26 | 5.16% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | +0.48pp |
| Hyperliquid | Sep 25, 26 | 9.25% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | same date | +5.18pp |
| Hyperliquid | Sep 25, 26 | 9.25% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.19% | same date | +5.07pp |
| Hyperliquid | Sep 25, 26 | 9.25% | CME | METV6 | Oct 30, 26 | delayed4.63% | +35d | +4.63pp |
| Hyperliquid | Sep 25, 26 | 9.25% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | +4.57pp |
| KuCoin | Sep 25, 26 | 6.06% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | same date | +1.99pp |
| KuCoin | Sep 25, 26 | 6.06% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.19% | same date | +1.87pp |
| KuCoin | Sep 25, 26 | 6.06% | CME | METV6 | Oct 30, 26 | delayed4.63% | +35d | +1.43pp |
| KuCoin | Sep 25, 26 | 6.06% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | +1.37pp |
| Lighter | Sep 25, 26 | 8.40% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | same date | +4.34pp |
| Lighter | Sep 25, 26 | 8.40% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.19% | same date | +4.22pp |
| Lighter | Sep 25, 26 | 8.40% | CME | METV6 | Oct 30, 26 | delayed4.63% | +35d | +3.78pp |
| Lighter | Sep 25, 26 | 8.40% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | +3.72pp |
| OKX | Sep 25, 26 | 6.30% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | same date | +2.23pp |
| OKX | Sep 25, 26 | 6.30% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.19% | same date | +2.11pp |
| OKX | Sep 25, 26 | 6.30% | CME | METV6 | Oct 30, 26 | delayed4.63% | +35d | +1.67pp |
| OKX | Sep 25, 26 | 6.30% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | +1.62pp |
| Binance | Oct 30, 26 | 5.95% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | -35d | +1.88pp |
| Binance | Oct 30, 26 | 5.95% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.06% | same date | +2.89pp |
| Binance | Oct 30, 26 | 5.95% | CME | METV6 | Oct 30, 26 | delayed4.63% | same date | +1.32pp |
| Binance | Oct 30, 26 | 5.95% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.30% | same date | +2.65pp |
| Gate | Oct 30, 26 | 5.64% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | -35d | +1.57pp |
| Gate | Oct 30, 26 | 5.64% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.06% | same date | +2.59pp |
| Gate | Oct 30, 26 | 5.64% | CME | METV6 | Oct 30, 26 | delayed4.63% | same date | +1.02pp |
| Gate | Oct 30, 26 | 5.64% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.30% | same date | +2.34pp |
| Hyperliquid | Oct 30, 26 | 8.69% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | -35d | +4.62pp |
| Hyperliquid | Oct 30, 26 | 8.69% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.06% | same date | +5.63pp |
| Hyperliquid | Oct 30, 26 | 8.69% | CME | METV6 | Oct 30, 26 | delayed4.63% | same date | +4.06pp |
| Hyperliquid | Oct 30, 26 | 8.69% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.30% | same date | +5.38pp |
| KuCoin | Oct 30, 26 | 4.87% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | -35d | +0.81pp |
| KuCoin | Oct 30, 26 | 4.87% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.06% | same date | +1.82pp |
| KuCoin | Oct 30, 26 | 4.87% | CME | METV6 | Oct 30, 26 | delayed4.63% | same date | +0.25pp |
| KuCoin | Oct 30, 26 | 4.87% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.30% | same date | +1.57pp |
| Lighter | Oct 30, 26 | 8.14% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | -35d | +4.08pp |
| Lighter | Oct 30, 26 | 8.14% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.06% | same date | +5.09pp |
| Lighter | Oct 30, 26 | 8.14% | CME | METV6 | Oct 30, 26 | delayed4.63% | same date | +3.52pp |
| Lighter | Oct 30, 26 | 8.14% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.30% | same date | +4.84pp |
| OKX | Oct 30, 26 | 5.80% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.07% | -35d | +1.73pp |
| OKX | Oct 30, 26 | 5.80% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.06% | same date | +2.74pp |
| OKX | Oct 30, 26 | 5.80% | CME | METV6 | Oct 30, 26 | delayed4.63% | same date | +1.17pp |
| OKX | Oct 30, 26 | 5.80% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.30% | same date | +2.50pp |
| Binance | Dec 25, 26 | 5.34% | Binance | ETHUSDT_261225 | Dec 25, 26 | 3.23% | same date | +2.11pp |
| Binance | Dec 25, 26 | 5.34% | Bybit | ETHUSDT-25DEC26 | Dec 25, 26 | 3.31% | same date | +2.03pp |
| Binance | Dec 25, 26 | 5.34% | Deribit | ETH-25DEC26 | Dec 25, 26 | 3.61% | same date | +1.73pp |
| Hyperliquid | Dec 25, 26 | 8.26% | Binance | ETHUSDT_261225 | Dec 25, 26 | 3.23% | same date | +5.04pp |
| Hyperliquid | Dec 25, 26 | 8.26% | Bybit | ETHUSDT-25DEC26 | Dec 25, 26 | 3.31% | same date | +4.96pp |
| Hyperliquid | Dec 25, 26 | 8.26% | Deribit | ETH-25DEC26 | Dec 25, 26 | 3.61% | same date | +4.66pp |
| Freshness | ||||
|---|---|---|---|---|
| Sep 25, 26 · 16d to expiry · 9 quotes | ||||
| Hyperliquid | IY | 9.25% | — | |
| Lighter | IY | 8.40% | — | |
| OKX | IY | 6.30% | — | |
| KuCoin | IY | 6.06% | — | |
| Binance | IY | 5.45% | — | |
| Gate | IY | 5.16% | — | |
| Deribit | BASIS | 4.68% | — | |
| Bybit | BASIS | 4.19% | — | |
| Binance | BASIS | 4.07% | — | |
| Oct 30, 26 · 51d to expiry · 9 quotes | ||||
| Hyperliquid | IY | 8.69% | +4.06pp | |
| Lighter | IY | 8.14% | +3.52pp | |
| Binance | IY | 5.95% | +1.32pp | |
| OKX | IY | 5.80% | +1.17pp | |
| Gate | IY | 5.64% | +1.02pp | |
| KuCoin | IY | 4.87% | +0.25pp | |
| CME | BASIS | 4.63% | — | 15hsettle |
| Deribit | BASIS | 3.30% | -1.33pp | |
| Bybit | BASIS | 3.06% | -1.57pp | |
| Nov 27, 26 · 79d to expiry · 2 quotes | ||||
| Deribit | BASIS | 3.50% | — | |
| Bybit | BASIS | 3.14% | — | |
| Dec 25, 26 · 107d to expiry · 5 quotes | ||||
| Hyperliquid | IY | 8.26% | — | |
| Binance | IY | 5.34% | — | |
| Deribit | BASIS | 3.61% | — | |
| Bybit | BASIS | 3.31% | — | |
| Binance | BASIS | 3.23% | — | |
| Mar 26, 27 · 198d to expiry · 2 quotes | ||||
| Deribit | BASIS | 3.80% | — | |
| Bybit | BASIS | 3.70% | — | |
| Jun 25, 27 · 289d to expiry · 2 quotes | ||||
| Deribit | BASIS | 4.00% | — | |
| Bybit | BASIS | 3.92% | — | |
| Venue | Current vs 30d avg | |||
|---|---|---|---|---|
| Hyperliquid | 9.76% | 10.93% | 10.95% | ▲ +1.19pp |
| Lighter | 8.42% | 9.90% | 10.51% | ▲ +2.10pp |
| Gate | 4.57% | 5.17% | 10.40% | ▲ +5.83pp |
| Bitget | 7.51% | — | — | |
| KuCoin | 5.47% | 5.36% | 6.46% | ▲ +0.99pp |
| Bybit | 5.74% | — | — | |
| OKX | 7.21% | 5.98% | 5.36% | ▼ -1.85pp |
| Binance | 6.12% | 5.39% | 5.18% | ▼ -0.95pp |
| Deribit | 4.08% | — | — |