Annualized Basis
Derivatives
Annualized futures basis (premium of futures over spot). High positive basis signals bullish leverage demand; negative basis (backwardation) is rare and bearish.
Current Value
-0.1414
As of
2026-10-16
Z-Score
—
Signal
No threshold
Current Annualized Basis reading
As of 2026-10-16, Bitcoin’s Annualized Basis is -0.141, compared with -0.266 one year earlier (2025-11-18). The series has 333 daily readings from 2025-11-18 to 2026-10-16, computed from our own full-archive Bitcoin node and refreshed every day.
Historical extremes
The highest Annualized Basis on record is 0.019 on 2026-08-22; the lowest is -0.284 on 2026-02-06. Readings near either end of that range have historically coincided with cycle turning points — use the chart above to see where today sits relative to past extremes.
Read it with
- Funding Rate — Perpetual-swap funding rate.
- Open Interest — Total notional open interest in BTC derivatives (USD).
- BTC Price — Bitcoin price (USD)
- MVRV — Market Value to Realized Value.
- SOPR — Spent Output Profit Ratio.
Data & method
Source: computed from raw UTXO data on OnChainLab’s own Bitcoin node — no third-party data vendor. Category: Derivatives. Last updated 2026-10-16. The full series is free to download as JSON or as part of the full daily CSV, and the published dataset is cryptographically committed — you can verify it yourself. Browse all metrics.