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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 | 5.20% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | same date | +0.33pp |
| Binance | Sep 25, 26 | 5.20% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 5.11% | same date | +0.09pp |
| Binance | Sep 25, 26 | 5.20% | CME | ETHU6 | Sep 25, 26 | 6.61% | same date | -1.41pp |
| Binance | Sep 25, 26 | 5.20% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | +0.52pp |
| Gate | Sep 25, 26 | 4.44% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | same date | -0.43pp |
| Gate | Sep 25, 26 | 4.44% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 5.11% | same date | -0.68pp |
| Gate | Sep 25, 26 | 4.44% | CME | ETHU6 | Sep 25, 26 | 6.61% | same date | -2.17pp |
| Gate | Sep 25, 26 | 4.44% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | -0.24pp |
| Hyperliquid | Sep 25, 26 | 9.06% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | same date | +4.19pp |
| Hyperliquid | Sep 25, 26 | 9.06% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 5.11% | same date | +3.95pp |
| Hyperliquid | Sep 25, 26 | 9.06% | CME | ETHU6 | Sep 25, 26 | 6.61% | same date | +2.45pp |
| Hyperliquid | Sep 25, 26 | 9.06% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | +4.38pp |
| KuCoin | Sep 25, 26 | 5.83% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | same date | +0.97pp |
| KuCoin | Sep 25, 26 | 5.83% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 5.11% | same date | +0.72pp |
| KuCoin | Sep 25, 26 | 5.83% | CME | ETHU6 | Sep 25, 26 | 6.61% | same date | -0.77pp |
| KuCoin | Sep 25, 26 | 5.83% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | +1.16pp |
| Lighter | Sep 25, 26 | 7.93% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | same date | +3.06pp |
| Lighter | Sep 25, 26 | 7.93% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 5.11% | same date | +2.82pp |
| Lighter | Sep 25, 26 | 7.93% | CME | ETHU6 | Sep 25, 26 | 6.61% | same date | +1.32pp |
| Lighter | Sep 25, 26 | 7.93% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | +3.25pp |
| OKX | Sep 25, 26 | 5.80% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | same date | +0.93pp |
| OKX | Sep 25, 26 | 5.80% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 5.11% | same date | +0.69pp |
| OKX | Sep 25, 26 | 5.80% | CME | ETHU6 | Sep 25, 26 | 6.61% | same date | -0.81pp |
| OKX | Sep 25, 26 | 5.80% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.68% | same date | +1.12pp |
| Binance | Oct 30, 26 | 5.11% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | -35d | +0.24pp |
| Binance | Oct 30, 26 | 5.11% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.64% | same date | +1.47pp |
| Binance | Oct 30, 26 | 5.11% | CME | ETHV6 | Oct 30, 26 | 5.34% | same date | -0.24pp |
| Binance | Oct 30, 26 | 5.11% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.55% | same date | +1.56pp |
| Gate | Oct 30, 26 | 4.77% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | -35d | -0.10pp |
| Gate | Oct 30, 26 | 4.77% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.64% | same date | +1.13pp |
| Gate | Oct 30, 26 | 4.77% | CME | ETHV6 | Oct 30, 26 | 5.34% | same date | -0.57pp |
| Gate | Oct 30, 26 | 4.77% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.55% | same date | +1.22pp |
| Hyperliquid | Oct 30, 26 | 8.29% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | -35d | +3.42pp |
| Hyperliquid | Oct 30, 26 | 8.29% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.64% | same date | +4.64pp |
| Hyperliquid | Oct 30, 26 | 8.29% | CME | ETHV6 | Oct 30, 26 | 5.34% | same date | +2.94pp |
| Hyperliquid | Oct 30, 26 | 8.29% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.55% | same date | +4.74pp |
| KuCoin | Oct 30, 26 | 5.10% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | -35d | +0.23pp |
| KuCoin | Oct 30, 26 | 5.10% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.64% | same date | +1.45pp |
| KuCoin | Oct 30, 26 | 5.10% | CME | ETHV6 | Oct 30, 26 | 5.34% | same date | -0.25pp |
| KuCoin | Oct 30, 26 | 5.10% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.55% | same date | +1.55pp |
| Lighter | Oct 30, 26 | 10.20% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | -35d | +5.33pp |
| Lighter | Oct 30, 26 | 10.20% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.64% | same date | +6.56pp |
| Lighter | Oct 30, 26 | 10.20% | CME | ETHV6 | Oct 30, 26 | 5.34% | same date | +4.86pp |
| Lighter | Oct 30, 26 | 10.20% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.55% | same date | +6.65pp |
| OKX | Oct 30, 26 | 5.70% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.87% | -35d | +0.83pp |
| OKX | Oct 30, 26 | 5.70% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 3.64% | same date | +2.06pp |
| OKX | Oct 30, 26 | 5.70% | CME | ETHV6 | Oct 30, 26 | 5.34% | same date | +0.36pp |
| OKX | Oct 30, 26 | 5.70% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.55% | same date | +2.15pp |
| Binance | Dec 25, 26 | 5.12% | Binance | ETHUSDT_261225 | Dec 25, 26 | 3.54% | same date | +1.58pp |
| Binance | Dec 25, 26 | 5.12% | Bybit | ETHUSDT-25DEC26 | Dec 25, 26 | 3.50% | same date | +1.62pp |
| Binance | Dec 25, 26 | 5.12% | CME | METZ6 | Dec 24, 26 | delayed5.69% | -1d | -0.58pp |
| Binance | Dec 25, 26 | 5.12% | Deribit | ETH-25DEC26 | Dec 25, 26 | 3.83% | same date | +1.28pp |
| Hyperliquid | Dec 25, 26 | 8.10% | Binance | ETHUSDT_261225 | Dec 25, 26 | 3.54% | same date | +4.56pp |
| Hyperliquid | Dec 25, 26 | 8.10% | Bybit | ETHUSDT-25DEC26 | Dec 25, 26 | 3.50% | same date | +4.60pp |
| Hyperliquid | Dec 25, 26 | 8.10% | CME | METZ6 | Dec 24, 26 | delayed5.69% | -1d | +2.41pp |
| Hyperliquid | Dec 25, 26 | 8.10% | Deribit | ETH-25DEC26 | Dec 25, 26 | 3.83% | same date | +4.27pp |
| Freshness | ||||
|---|---|---|---|---|
| Sep 25, 26 · 10d to expiry · 10 quotes | ||||
| Hyperliquid | IY | 9.06% | +2.45pp | |
| Lighter | IY | 7.93% | +1.32pp | |
| CME | BASIS | 6.61% | — | |
| KuCoin | IY | 5.83% | -0.77pp | |
| OKX | IY | 5.80% | -0.81pp | |
| Binance | IY | 5.20% | -1.41pp | |
| Bybit | BASIS | 5.11% | -1.50pp | |
| Binance | BASIS | 4.87% | -1.74pp | |
| Deribit | BASIS | 4.68% | -1.93pp | |
| Gate | IY | 4.44% | -2.17pp | |
| Oct 30, 26 · 45d to expiry · 9 quotes | ||||
| Lighter | IY | 10.20% | +4.86pp | |
| Hyperliquid | IY | 8.29% | +2.94pp | |
| OKX | IY | 5.70% | +0.36pp | |
| CME | BASIS | 5.34% | — | |
| Binance | IY | 5.11% | -0.24pp | |
| KuCoin | IY | 5.10% | -0.25pp | |
| Gate | IY | 4.77% | -0.57pp | |
| Bybit | BASIS | 3.64% | -1.70pp | |
| Deribit | BASIS | 3.55% | -1.79pp | |
| Nov 27, 26 · 73d to expiry · 3 quotes | ||||
| CME | BASIS | 5.32% | — | |
| Deribit | BASIS | 3.78% | -1.54pp | |
| Bybit | BASIS | 3.49% | -1.83pp | |
| Dec 24, 26 · 100d to expiry · 1 quote | ||||
| CME | BASIS | 5.69% | — | 3dsettle |
| Dec 25, 26 · 101d to expiry · 5 quotes | ||||
| Hyperliquid | IY | 8.10% | — | |
| Binance | IY | 5.12% | — | |
| Deribit | BASIS | 3.83% | — | |
| Binance | BASIS | 3.54% | — | |
| Bybit | BASIS | 3.50% | — | |
| Mar 26, 27 · 192d to expiry · 2 quotes | ||||
| Bybit | BASIS | 3.89% | — | |
| Deribit | BASIS | 3.85% | — | |
| Jun 25, 27 · 283d to expiry · 2 quotes | ||||
| Bybit | BASIS | 4.07% | — | |
| Deribit | BASIS | 4.01% | — | |
| Venue | Current vs 30d avg | |||
|---|---|---|---|---|
| Hyperliquid | 9.65% | 8.30% | 10.95% | ▲ +1.30pp |
| Lighter | 9.04% | 7.77% | 10.51% | ▲ +1.47pp |
| Bitget | 7.45% | — | — | |
| KuCoin | 5.38% | 4.99% | 6.24% | ▲ +0.86pp |
| Bybit | 5.46% | — | — | |
| Binance | 5.65% | 2.68% | 4.94% | ▼ -0.72pp |
| Deribit | 4.70% | — | — | |
| Gate | 4.50% | 5.15% | 3.50% | ▼ -1.00pp |
| OKX | 6.56% | 4.85% | 3.09% | ▼ -3.47pp |