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GUN Basis: Perp vs Spot Premium

Live GUN basis: the GUN 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.

GUN's OI-weighted perp-vs-spot basis is -0.03% right now (a discount), 0.106 percentage points below its 7-day average of +0.07%. Only one pair qualifies, so Binance is also the widest venue: GUNUSDT against GUNUSDT spot, at -0.03%.

1 comparable pairPerp OI $3.36MHistory since 27 SepAs of 10:16 UTC

GUN basis OI-weighted
-0.03%
live, across the pairs below
7-day average
+0.07%
hourly, every pair of the coin
Widest venue
-0.03% Binance
GUNUSDT vs GUNUSDT spot
Perp open interest
$3.36M
outside the top 50 by perp OI

GUN basis by venue

1 comparable pair · largest open interest first
Exchange Perp Spot Basis Open interest Perp vol 24h Spot vol 24h Trade
Binance GUNUSDT GUNUSDT -0.03% $2.13M $1.43M $518K Trade ↗

Not in the table: KuCoin GUNUSDTM (no same-venue spot market); MEXC GUN_USDT (no same-venue spot market); Bitget GUNUSDT (no same-venue spot market); Bybit GUNUSDT (no same-venue spot market); Gate GUN_USDT (no same-venue spot market); Aster GUNUSDT (no same-venue spot market).

GUN basis history

Perp vs spot, OI-weighted, every pair

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 GUN funding rates, which move for related reasons.

GUN basis FAQ

What is GUN basis?

GUN'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 GUN 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.