{"path":"/derivatives/futures_annualized_basis_3m","tier":3,"parameters":{"a":["BTC"],"c":["native"],"e":["binance","bitget","bybit","deribit","ftx","okex"],"f":["csv","json"],"i":["10m","1h","24h"]},"queried":{"a":"BTC","path":"/v1/metrics/derivatives/futures_annualized_basis_3m"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/derivatives#get-v1-metrics-derivatives-futures_annualized_basis_3m","studio":"https://studio.glassnode.com/charts/derivatives.FuturesAnnualizedBasis3M","metric_variant":{"bulk":"/derivatives/futures_annualized_basis_3m/bulk","pit":"/derivatives/futures_annualized_basis_3m_pit"}},"bulk_supported":true,"timerange":{"min":1596107400,"max":1782505200},"modified":1782506027,"descriptors":{"name":"Futures Annualized Rolling Basis (3M)","short_name":"Futures Annualized Rolling Basis (3M)","group":"Basis \u0026 Term Structure","tags":["futures","basis"],"description":{"default":"**Definition.** 3-Month Futures Annualized Rolling Basis is the annualized yield earned by buying spot %ASSET% and simultaneously selling a futures contract on that asset expiring in three months.\n\n**Technical.** Crypto futures contracts often trade above spot due to supply, demand, and liquidity factors, allowing participants to capture the spread through a basis trade without taking on directional exposure. On rare occasions the series may show a temporary gap if the exchange has not yet listed the relevant 3-month futures contract.\n\n**Interpretation.** Positive readings indicate the futures contract trades above spot (contango), and negative readings indicate backwardation.\n"},"data_sharing_group":"market"}}