Basis Trade (Perp vs Quarterly)
Compare perpetual futures price with the quarterly delivery contract for the same asset. Long the perp and short the quarterly (or the reverse) captures the basis minus perp funding, a core delta-neutral carry trade.
The basis trade exploits the price gap between a perpetual swap and a dated quarterly futures contract. Unlike cash-and-carry it needs no spot capital — both legs are futures.
Exchange
Selected
All
expand_more
Selected
All
Buy
Sell
Active pairs
Live rows loaded
Perp vs quarterly basis opportunities
244 Market opportunities Loaded from scanner
Asset↕ | Exchange↕ | Perp Price↕ | Delivery Price↕ | Delivery Date↕ | Basis↕ | Annualized↕ | Actions↕ |
|---|---|---|---|---|---|---|---|
LIT | okx Check Price | $3.66 | $3.67 | 2031-07-04T08:00:00.000Z | 0.0792% | 0 | |
MUU | okx Check Price | $37.20 | $37.23 | 2031-09-26T08:00:00.000Z | 0.0806% | 0 | |
QCOM | okx Check Price | $189.56 | $189.70 | 2031-08-01T08:00:00.000Z | 0.0739% | 0 | |
PENGU | okx Check Price | $0.009577 | $0.009584 | 2031-07-11T08:00:00.000Z | 0.0731% | 0 | |
CRCL | okx Check Price | $83.81 | $83.87 | 2031-07-04T08:00:00.000Z | 0.0716% | 0 | |
ENA | okx Check Price | $0.24156 | $0.24173 | 2031-06-13T08:00:00.000Z | 0.0704% | 0 | |
AVAX | okx Check Price | $11.10 | $11.11 | 2031-05-30T08:00:00.000Z | 0.0631% | 0 | |
MORPHO | okx Check Price | $2.74 | $2.74 | 2031-09-05T08:00:00.000Z | 0.0658% | 0 | |
PYTH | okx Check Price | $0.07796 | $0.07801 | 2031-08-29T08:00:00.000Z | 0.0641% | 0 | |
ICP | okx Check Price | $3.36 | $3.37 | 2031-07-11T08:00:00.000Z | 0.0595% | 0 | |
JUP | okx Check Price | $0.3348 | $0.335 | 2031-08-29T08:00:00.000Z | 0.0597% | 0 | |
SPY | okx Check Price | $770.95 | $771.35 | 2031-06-13T08:00:00.000Z | 0.0519% | 0 | |
JTO | okx Check Price | $0.5757 | $0.576 | 2031-07-25T08:00:00.000Z | 0.0521% | 0 | |
UB | okx Check Price | $0.13718 | $0.13725 | 2031-06-27T08:00:00.000Z | 0.0510% | 0 | |
SLX | okx Check Price | $0.06177 | $0.0618 | 2031-06-06T08:00:00.000Z | 0.0486% | 0 |
How the basis trade works
Open a long perpetual and a short quarterly (or the reverse). The position is delta-neutral; you earn the basis as the quarterly converges to the perp at delivery, minus funding paid on the perp leg.
Risk controls
Funding on the perpetual leg can flip sign and eat the carry. Monitor funding history and close the spread if the basis collapses or funding becomes extreme.