Decoded Intelligence Signal
Basis (Derivatives)
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market_structure
Verified: May 27, 2026Lexicon Core Definition
The price difference between a derivative (perpetual futures, dated futures) and the underlying spot asset; in crypto perpetuals, the basis is continuously enforced near zero by the funding rate mechanism and arbitrage activity.
Analysis Breakdown
The price difference between a derivative (perpetual futures, dated futures) and the underlying spot asset; in crypto perpetuals, the basis is continuously enforced near zero by the funding rate mechanism and arbitrage activity. Full explanation coming soon when Journey 24 content is ingested.