Funding minus premium index

Latest observed funding settlement rate minus the current exact-minute published premium index, in signed fractions. A descriptive difference between differently timed series, not an expected funding payment or arbitrage return.

Observed: funding_minus_published_premium_index
Unit: signed_fraction
Valid range: -2 to 2

Example: A recorded value of 1 signed_fraction can be used in the editable condition below.

Use in Research

Technical details

Field ID

feature.funding_basis_divergence

Valid query operators

at least, at most, between

Window operators: lowest, highest, average, latest or change in, over a trailing window.

Editable query preset

This preset is derived from the valid range. Edit it before running the search.

{
  "schema_version": "research_query.v2",
  "normalization_version": "archive_normalization.v1",
  "feature_version": "feature_defs.v1",
  "target": "record_occurrences",
  "where": {
    "all": [
      [
        "feature.funding_basis_divergence",
        "gte",
        1
      ],
      [
        "times.anchor_time",
        "gte",
        "2025-07-15T00:00:00.000Z"
      ]
    ]
  },
  "sort": [
    "times.anchor_time",
    "desc"
  ],
  "page": {
    "limit": 5,
    "cursor": null
  }
}

The search reports how often the record held this condition and what followed. It does not decide whether an idea works.

Read alongside

Minutes until funding settles feature.mins_to_funding
Premium index change over 1h feature.basis_change_1h
Premium index rank over 30d feature.basis_pctrank_30d
Published premium index feature.basis_pct
funding rate feature.funding_rate
global long ratio feature.global_long_ratio