UMA Basis: Perp vs Spot Futures Premium (Live)

UMA Basis: Perp vs Spot Premium

Live UMA basis: the UMA 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.

UMA's OI-weighted perp-vs-spot basis is +0.12% right now (a premium), 0.105 percentage points above its 7-day average of +0.02%. Only one pair qualifies, so Binance is also the widest venue: UMAUSDT against UMAUSDT spot, at +0.12%.

1 comparable pairPerp OI $3.01MHistory since 27 SepAs of 13:14 UTC

UMA basis OI-weighted

+0.12%

live, across the pairs below

7-day average

+0.02%

hourly, every pair of the coin

Widest venue

+0.12% Binance

UMAUSDT vs UMAUSDT spot

Perp open interest

$3.01M

outside the top 50 by perp OI

UMA basis by venue

1 comparable pair · largest open interest first

Exchange	Perp	Spot	Basis	Open interest	Perp vol 24h	Spot vol 24h	Trade
Binance	UMAUSDT	UMAUSDT	+0.12%	$1.46M	$1.05M	$198K	Trade ↗

Not in the table: Bitget UMAUSDT (no same-venue spot market); MEXC UMA_USDT (no same-venue spot market); Bybit UMAUSDT (below the liquidity floor); KuCoin UMAUSDTM (no same-venue spot market); Hyperliquid UMA (no same-venue spot market); Gate UMA_USDT (no same-venue spot market); Aster UMAUSDT (no same-venue spot market).

UMA 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 UMA funding rates, which move for related reasons.

UMA basis FAQ

What is UMA basis?

UMA'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 UMA 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.