SHELL Basis: Perp vs Spot Futures Premium (Live)

SHELL Basis: Perp vs Spot Premium

Live SHELL basis: the SHELL 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.

SHELL's OI-weighted perp-vs-spot basis is +0.16% right now (a premium), 0.112 percentage points above its 7-day average of +0.05%. Only one pair qualifies, so Binance is also the widest venue: SHELLUSDT against SHELLUSDT spot, at +0.16%.

1 comparable pairPerp OI $3.08MHistory since 27 SepAs of 12:41 UTC

SHELL basis OI-weighted

+0.16%

live, across the pairs below

7-day average

+0.05%

hourly, every pair of the coin

Widest venue

+0.16% Binance

SHELLUSDT vs SHELLUSDT spot

Perp open interest

$3.08M

outside the top 50 by perp OI

SHELL basis by venue

1 comparable pair · largest open interest first

Exchange	Perp	Spot	Basis	Open interest	Perp vol 24h	Spot vol 24h	Trade
Binance	SHELLUSDT	SHELLUSDT	+0.16%	$1.91M	$1.07M	$332K	Trade ↗

Not in the table: KuCoin SHELLUSDTM (no same-venue spot market); Bitget SHELLUSDT (no same-venue spot market); Bybit SHELLUSDT (no same-venue spot market); MEXC SHELL_USDT (no same-venue spot market); Gate SHELL_USDT (no same-venue spot market); Aster SHELLUSDT (no same-venue spot market).

SHELL 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 SHELL funding rates, which move for related reasons.

SHELL basis FAQ

What is SHELL basis?

SHELL'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 SHELL 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.