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NEAR Basis: Perp vs Spot Premium

Live NEAR basis: the NEAR perpetual futures price against the same exchange's spot price, perp / spot - 1. A positive basis is a futures premium, a negative one a discount. One row per venue pair on Binance and Bybit above the liquidity filter, then the recorded basis history for 24 hours, 7 days and all time.

NEAR's OI-weighted perp-vs-spot basis is -0.05% right now (a discount); there is not enough recorded history yet for a 7-day average (the server has been collecting for 12 hours). The widest venue is Binance (NEARUSDC vs NEARUSDC spot), at a -0.11% discount, of 3 comparable pairs.

3 comparable pairsPerp OI $1.17B (#7)Server history: 12 hoursAs of 01:05 UTC

NEAR basis OI-weighted
-0.05%
live, across the pairs below
7-day average
—
not enough recorded history yet
Widest venue
-0.11% Binance
NEARUSDC vs NEARUSDC spot
Perp open interest
$1.17B
#7 by perp OI

NEAR basis by venue

3 comparable pairs · largest open interest first
Exchange Perp Spot Basis Open interest Perp vol 24h Spot vol 24h Trade
Binance NEARUSDT NEARUSDT -0.04% $280.13M $914.10M $207.42M Trade ↗
Bybit NEARUSDT NEARUSDT -0.06% $123.15M $362.74M $45.19M Trade ↗
Binance NEARUSDC NEARUSDC -0.11% $14.67M $53.54M $32.75M Trade ↗

Not in the table: Hyperliquid NEAR (no same-venue spot market); Gate NEAR_USDT (no same-venue spot market); MEXC NEAR_USDT (no same-venue spot market); Bitget NEARUSDT (no same-venue spot market); KuCoin NEARUSDTM (no same-venue spot market); HTX NEAR-USDT (no same-venue spot market).

NEAR basis history

Perp vs spot, OI-weighted, every pair

Chart: TradingView Lightweight Charts™

How to read it. Basis is perp / spot - 1 on the same exchange, shown live and un-annualised. Green is a premium (perp above spot), red a discount. Pairs need the same venue and quote currency, and the perp leg needs at least $500K open interest and $1.00M 24h volume. Compare every coin on the basis screener, and see NEAR funding rates, which move for related reasons.

NEAR basis FAQ

What is NEAR basis?

NEAR's basis is the gap between its perpetual futures price and its spot price on the same exchange, as a percentage: perp / spot - 1. A positive basis is a futures premium (the perp trades above spot), a negative one a discount. It tends to move with funding rates, because funding exists to pull the perp back to spot.

Why can the chart differ from the table?

The table is the live basis of each pair that clears the minimum-liquidity filter ($500K perp open interest, $1.00M 24h volume), from the latest trade price. The chart and the 7-day average are recorded history: every same-venue, same-quote pair of the coin, OI-weighted, from the perp mark price in 5-minute and hourly snapshots.

Why is Hyperliquid not in the table?

This site tracks no Hyperliquid spot markets, so a Hyperliquid perp has no same-venue spot price to compare against. Basis here covers Binance and Bybit only.

Is a high NEAR futures premium a signal?

Not by itself. A rich premium often means leveraged longs are paying up, which also shows in funding; a stretched premium or discount can unwind quickly. Nothing here is financial advice.