Profit from the spread between spot and perpetual futures prices.
Delta neutralAdvanced
Typical APY range15% - 40%
What Is The Perp Basis Trade?
The basis trade profits from price differences between spot and perpetual futures. Buy spot, short perp when futures premium is high. Collect funding while basis converges. Yields 15-40% APY.
When perps trade at premium to spot, short perp and buy spot. Earn funding and basis convergence. Unwind when premium normalizes. Works best in bull markets with high perp demand.
Basis can widen before converging causing temporary losses. Funding can flip. Execution and liquidation risk. Requires margin management.
Execute basis trades with Fensory.
How to Get Started
1Monitor basis spreads
2Buy spot asset
3Short perp equivalent
4Collect funding
5Wait for convergence
6Unwind positions
Pros
✓Clear arbitrage
✓Delta-neutral
✓Works in bulls
✓Multiple venues
Cons
✗Basis can widen
✗Funding risk
✗Liquidation risk
✗Capital intensive
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