Protocol
loading
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 | 4.40% | same date | +1.05pp |
| Binance | Sep 25, 26 | 5.45% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.36% | same date | +1.09pp |
| Binance | Sep 25, 26 | 5.45% | CME | ETHU6 | Sep 25, 26 | 4.53% | same date | +0.92pp |
| Binance | Sep 25, 26 | 5.45% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.96% | same date | +0.49pp |
| Gate | Sep 25, 26 | 5.16% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.40% | same date | +0.76pp |
| Gate | Sep 25, 26 | 5.16% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.36% | same date | +0.80pp |
| Gate | Sep 25, 26 | 5.16% | CME | ETHU6 | Sep 25, 26 | 4.53% | same date | +0.62pp |
| Gate | Sep 25, 26 | 5.16% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.96% | same date | +0.19pp |
| Hyperliquid | Sep 25, 26 | 9.25% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.40% | same date | +4.85pp |
| Hyperliquid | Sep 25, 26 | 9.25% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.36% | same date | +4.89pp |
| Hyperliquid | Sep 25, 26 | 9.25% | CME | ETHU6 | Sep 25, 26 | 4.53% | same date | +4.72pp |
| Hyperliquid | Sep 25, 26 | 9.25% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.96% | same date | +4.29pp |
| KuCoin | Sep 25, 26 | 6.06% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.40% | same date | +1.65pp |
| KuCoin | Sep 25, 26 | 6.06% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.36% | same date | +1.69pp |
| KuCoin | Sep 25, 26 | 6.06% | CME | ETHU6 | Sep 25, 26 | 4.53% | same date | +1.52pp |
| KuCoin | Sep 25, 26 | 6.06% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.96% | same date | +1.09pp |
| Lighter | Sep 25, 26 | 8.40% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.40% | same date | +4.00pp |
| Lighter | Sep 25, 26 | 8.40% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.36% | same date | +4.04pp |
| Lighter | Sep 25, 26 | 8.40% | CME | ETHU6 | Sep 25, 26 | 4.53% | same date | +3.87pp |
| Lighter | Sep 25, 26 | 8.40% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.96% | same date | +3.44pp |
| OKX | Sep 25, 26 | 6.30% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.40% | same date | +1.90pp |
| OKX | Sep 25, 26 | 6.30% | Bybit | ETHUSDT-25SEP26 | Sep 25, 26 | 4.36% | same date | +1.94pp |
| OKX | Sep 25, 26 | 6.30% | CME | ETHU6 | Sep 25, 26 | 4.53% | same date | +1.77pp |
| OKX | Sep 25, 26 | 6.30% | Deribit | ETH-25SEP26 | Sep 25, 26 | 4.96% | same date | +1.34pp |
| Binance | Oct 30, 26 | 5.95% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.40% | -35d | +1.55pp |
| Binance | Oct 30, 26 | 5.95% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 2.80% | same date | +3.15pp |
| Binance | Oct 30, 26 | 5.95% | CME | ETHV6 | Oct 30, 26 | 4.88% | same date | +1.07pp |
| Binance | Oct 30, 26 | 5.95% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.37% | same date | +2.58pp |
| Gate | Oct 30, 26 | 5.64% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.40% | -35d | +1.24pp |
| Gate | Oct 30, 26 | 5.64% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 2.80% | same date | +2.85pp |
| Gate | Oct 30, 26 | 5.64% | CME | ETHV6 | Oct 30, 26 | 4.88% | same date | +0.76pp |
| Gate | Oct 30, 26 | 5.64% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.37% | same date | +2.27pp |
| Hyperliquid | Oct 30, 26 | 8.69% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.40% | -35d | +4.28pp |
| Hyperliquid | Oct 30, 26 | 8.69% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 2.80% | same date | +5.89pp |
| Hyperliquid | Oct 30, 26 | 8.69% | CME | ETHV6 | Oct 30, 26 | 4.88% | same date | +3.81pp |
| Hyperliquid | Oct 30, 26 | 8.69% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.37% | same date | +5.32pp |
| KuCoin | Oct 30, 26 | 4.87% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.40% | -35d | +0.47pp |
| KuCoin | Oct 30, 26 | 4.87% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 2.80% | same date | +2.08pp |
| KuCoin | Oct 30, 26 | 4.87% | CME | ETHV6 | Oct 30, 26 | 4.88% | same date | -0.00pp |
| KuCoin | Oct 30, 26 | 4.87% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.37% | same date | +1.51pp |
| Lighter | Oct 30, 26 | 8.14% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.40% | -35d | +3.74pp |
| Lighter | Oct 30, 26 | 8.14% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 2.80% | same date | +5.35pp |
| Lighter | Oct 30, 26 | 8.14% | CME | ETHV6 | Oct 30, 26 | 4.88% | same date | +3.27pp |
| Lighter | Oct 30, 26 | 8.14% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.37% | same date | +4.78pp |
| OKX | Oct 30, 26 | 5.80% | Binance | ETHUSDT_260925 | Sep 25, 26 | 4.40% | -35d | +1.40pp |
| OKX | Oct 30, 26 | 5.80% | Bybit | ETHUSDT-30OCT26 | Oct 30, 26 | 2.80% | same date | +3.00pp |
| OKX | Oct 30, 26 | 5.80% | CME | ETHV6 | Oct 30, 26 | 4.88% | same date | +0.92pp |
| OKX | Oct 30, 26 | 5.80% | Deribit | ETH-30OCT26 | Oct 30, 26 | 3.37% | same date | +2.43pp |
| Binance | Dec 25, 26 | 5.34% | Binance | ETHUSDT_261225 | Dec 25, 26 | 3.31% | same date | +2.02pp |
| Binance | Dec 25, 26 | 5.34% | Bybit | ETHUSDT-25DEC26 | Dec 25, 26 | 3.23% | same date | +2.11pp |
| Binance | Dec 25, 26 | 5.34% | CME | METZ6 | Dec 24, 26 | delayed5.00% | -1d | +0.34pp |
| Binance | Dec 25, 26 | 5.34% | Deribit | ETH-25DEC26 | Dec 25, 26 | 3.54% | same date | +1.80pp |
| Hyperliquid | Dec 25, 26 | 8.26% | Binance | ETHUSDT_261225 | Dec 25, 26 | 3.31% | same date | +4.95pp |
| Hyperliquid | Dec 25, 26 | 8.26% | Bybit | ETHUSDT-25DEC26 | Dec 25, 26 | 3.23% | same date | +5.04pp |
| Hyperliquid | Dec 25, 26 | 8.26% | CME | METZ6 | Dec 24, 26 | delayed5.00% | -1d | +3.27pp |
| Hyperliquid | Dec 25, 26 | 8.26% | Deribit | ETH-25DEC26 | Dec 25, 26 | 3.54% | same date | +4.73pp |
| Freshness | ||||
|---|---|---|---|---|
| Sep 25, 26 · 16d to expiry · 10 quotes | ||||
| Hyperliquid | IY | 9.25% | +4.72pp | |
| Lighter | IY | 8.40% | +3.87pp | |
| OKX | IY | 6.30% | +1.77pp | |
| KuCoin | IY | 6.06% | +1.52pp | |
| Binance | IY | 5.45% | +0.92pp | |
| Gate | IY | 5.16% | +0.62pp | |
| Deribit | BASIS | 4.96% | +0.43pp | |
| CME | BASIS | 4.53% | — | |
| Binance | BASIS | 4.40% | -0.13pp | |
| Bybit | BASIS | 4.36% | -0.17pp | |
| Oct 30, 26 · 51d to expiry · 9 quotes | ||||
| Hyperliquid | IY | 8.69% | +3.81pp | |
| Lighter | IY | 8.14% | +3.27pp | |
| Binance | IY | 5.95% | +1.07pp | |
| OKX | IY | 5.80% | +0.92pp | |
| Gate | IY | 5.64% | +0.76pp | |
| CME | BASIS | 4.88% | — | |
| KuCoin | IY | 4.87% | -0.00pp | |
| Deribit | BASIS | 3.37% | -1.51pp | |
| Bybit | BASIS | 2.80% | -2.08pp | |
| Nov 27, 26 · 79d to expiry · 3 quotes | ||||
| CME | BASIS | 4.85% | — | 16hsettle |
| Deribit | BASIS | 3.53% | -1.32pp | |
| Bybit | BASIS | 3.02% | -1.83pp | |
| Dec 24, 26 · 106d to expiry · 1 quote | ||||
| CME | BASIS | 5.00% | — | 16hsettle |
| Dec 25, 26 · 107d to expiry · 5 quotes | ||||
| Hyperliquid | IY | 8.26% | — | |
| Binance | IY | 5.34% | — | |
| Deribit | BASIS | 3.54% | — | |
| Binance | BASIS | 3.31% | — | |
| Bybit | BASIS | 3.23% | — | |
| Mar 26, 27 · 198d to expiry · 2 quotes | ||||
| Deribit | BASIS | 3.80% | — | |
| Bybit | BASIS | 3.57% | — | |
| Jun 25, 27 · 289d to expiry · 2 quotes | ||||
| Deribit | BASIS | 4.00% | — | |
| Bybit | BASIS | 3.85% | — | |
| Venue | Current vs 30d avg | |||
|---|---|---|---|---|
| Hyperliquid | 9.76% | 10.93% | 10.95% | ▲ +1.19pp |
| Gate | 4.57% | 5.17% | 10.51% | ▲ +5.94pp |
| Lighter | 8.42% | 9.90% | 10.51% | ▲ +2.09pp |
| Bitget | 7.51% | — | — | |
| OKX | 7.21% | 5.98% | 6.89% | ▼ -0.32pp |
| KuCoin | 5.47% | 5.36% | 5.80% | ▲ +0.33pp |
| Bybit | 5.74% | — | — | |
| Deribit | 3.96% | — | — | |
| Binance | 6.12% | 5.39% | 2.64% | ▼ -3.48pp |