NIL Basis: Perp vs Spot Futures Premium (Live)

NIL Basis: Perp vs Spot Premium

Live NIL basis: the NIL 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.

NIL's OI-weighted perp-vs-spot basis is -0.09% right now (a discount), 0.044 percentage points below its 7-day average of -0.04%. Only one pair qualifies, so Binance is also the widest venue: NILUSDT against NILUSDT spot, at -0.09%.

1 comparable pairPerp OI $23.75MHistory since 27 SepAs of 11:12 UTC

NIL basis OI-weighted

-0.09%

live, across the pairs below

7-day average

-0.04%

hourly, every pair of the coin

Widest venue

-0.09% Binance

NILUSDT vs NILUSDT spot

Perp open interest

$23.75M

outside the top 50 by perp OI

NIL basis by venue

1 comparable pair · largest open interest first

Exchange	Perp	Spot	Basis	Open interest	Perp vol 24h	Spot vol 24h	Trade
Binance	NILUSDT	NILUSDT	-0.09%	$7.89M	$24.14M	$4.52M	Trade ↗

Not in the table: MEXC NIL_USDT (no same-venue spot market); Bybit NILUSDT (no same-venue spot market); Hyperliquid NIL (no same-venue spot market); Bitget NILUSDT (no same-venue spot market); KuCoin NILUSDTM (no same-venue spot market); Gate NIL_USDT (no same-venue spot market); HTX NIL-USDT (no same-venue spot market); Aster NILUSDT (no same-venue spot market).

NIL basis history

Perp vs spot, OI-weighted, every pair

Loading chart…

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 NIL funding rates, which move for related reasons.

NIL basis FAQ

What is NIL basis?

NIL'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 NIL 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.