What Exactly Is the Market Pricing In When the Spot-Futures Basis Widens?

In crypto markets, besides price, trading volume, and funding rates, there is another metric worth watching: basis.

Sometimes, Bitcoin’s spot price changes little, while futures prices are significantly higher than spot; at other times, futures prices are lower than spot. This difference is not merely a numerical change; it may also reflect differing expectations about future prices, funding costs, and demand for positions.

First, understand what basis is.

Basis usually refers to the difference between the futures pr

BTC-0.65%

CryptoZenoan hour ago

Tried to warn you guys, and I hope it got a couple of you guys into a better spot today.

If you are in a bad spot, don't be too hard on yourself. Focus on the here and now, not what you lost.

This will end up being a massive opportunity. If you missed all the big runners after the summer, this will eventually bring another round of similar, if not bigger, opportunities.

Just don't get chopped up by jumping in too early. Stay patient, mark your levels of interest and most importantly, let a setup form first. Don't blindly jump in.

Everyone will turn into a mega doomer. They'll tell you we'l

Trenches

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SmartBrother an hour ago

I just dug up a whale’s position breakdown and am sharing it here for everyone’s reference.
$BTC Short (5X cross margin): entry price 77924, holding 1658 coins (worth about 120 million), unrealized profit +10.55 million, funding fees +3.48 million, liquidation price 117944
$ETH Long (5X cross margin): entry price 1995, holding 355 coins (worth about 716k), unrealized profit +7509, funding fees -2.05 million, no clear liquidation price, relying entirely on holding through the volatility
$SOL Short (5X cross margin): entry price 91.3, holding 116.3k coins (worth about 9.47 million), unrealize

BTC-0.67%

ETH-1.26%

SOL-0.77%

ThisIsTranslateContent:Qiyu an hour ago

What Is Rolling Backtesting? Why Is One Out-of-Sample Test Still Not Enough to Prove a Strategy Is Reliable?

Passing a single out-of-sample test does not mean a trading strategy will remain effective in all market conditions. A particular period may happen to favor the strategy, so we also need rolling backtesting to observe its performance across different time periods.

First, what is rolling backtesting?

Rolling backtesting involves repeatedly using past data, in chronological order, to develop or optimize a strategy, then testing its performance on a subsequent period of data that was no

ThousandfoldRobot an hour ago

#交易机器人 I'm using the BARDUSDT futures grid bot on Gate, come copy-trade with me

SmartTech 2 hours ago

$BTCUSD
$86k to ZERO with Love ♥️
Trade against me and cry

GateUser-7d1eae29 5 hours ago

BTC | ETH | Gold | Crude Oil

LIVE3,542

SmartBrother 20 minutes ago

$JCT , $BULLA , and $AGT have all been quietly sliding lately, with each falling harder than the last. Looking at their trading performance over the past year, the overall loss was 1,004.86, with a drawdown of -0.55%. Broken down: $AGT fell -26.28%, $BULLA fell -30.17%, and $JCT plunged -39.83%. With price action like this, don't rush to buy the dip; wait until the trend is clear. Markets involve risks, so enter with caution. (The above reflects personal opinions only and does not constitute investment advice. Please assess market risks rationally.)

JCT-3.26%

BULLA+10.92%

AGT-26.77%

AlanRogers 2 hours ago

1M performance of the top 100, and almost everything is bleeding 📉
$BTC -17%
$ETH -23%
$SOL -26%
$RAIN -61%
$BTW -68%
Just 3 small coins are green. Who’s still holding?

BTC-0.67%

ETH-1.26%

SOL-0.77%

RAIN+1.19%

BTW-7.42%

智赢舵手 an hour ago

Ethereum attempts to recover after a sharp sell-off$ETH faces strong downward pressure on the 1-hour chart, with the price falling toward the $1,900 support zone. The latest green candle shows buyers beginning to step in, but the price needs to break above $1,960 to strengthen the recovery outlook. Entry: $1,935–$1,945 Take profit: $1,980 Stop loss: $1,910 Buy and trade $ETH

ETH-1.26%

StarshineWisdomEyesSmartTravel 2 hours ago

Selling ETH at a loss is a difficult decision, but BTCS is working to stay operational. BTCS sells ETH to maintain the health of its $64 million Aave loan. Nasdaq-listed BTCS has been selling ether below its original cost to avoid liquidation of its $64 million loan on Aave. As of November 9, the company owed about $64.1 million, including accrued interest, and had pledged 46,676 ETH as collateral, worth $99.3 million, for a collateral coverage ratio of about 155%. The company said these sales are part of its strategy to actively manage the health factor of its DeFi borrowing. Aave does not us

ETH-1.26%

AAVE-1.22%

Tea_Traderan hour ago

new market update

LIVE2,035

IshfaqKhan an hour ago

Limit on #Xlm $Xlm filled

XLM-0.64%

CopyTrading 34 minutes ago

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PAXG+0.33%

XAU+0.38%

XAUUSD+0.00%

名古屋之狐 15 minutes agoBullish

#晒出我的持仓收益 $NVDA Buy the dip; buy big on a big drop, buy small on a small drop

NVDA-4.49%

GateUser-ef36167f 2 hours ago

I hedged PREDICT at 1.15 earlier, and a few days ago it surged to 1.3, almost turning me into the project’s most devoted believer.
Now I’m finally back in the green.
When I opened the position: This is a disciplined hedge.
When I was sitting on an unrealized loss: Who the hell is buying???
My confidence is finally back😀

PREDICT+13.07%

CryptoMishu14 minutes ago

GateLive2026-11-13 03:23:35

🏆 Gate Live Rising Streamers Ranking Vol.05
Congratulations to the following streamers for making the list with their high-quality content and growing popularity!
Each featured streamer will also receive 100 USDT Position Voucher
⭐ crypto_kitty
Insightful Analysis of Market Trends
https://www.gate.com/profile/crypto_kitty
⭐ InfinixaCrypto
BTC Market Analysis and Price Outlook
https://www.gate.com/profile/InfinixaCrypto
⭐ Moon_Angel
Bringing fresh perspectives on Bitcoin, altcoins, and the ever-changing crypto landscape.
https://www.gate.com/profile/Moon_Angel
⭐ TahaCryptoTrader
Breaking down price movements, trading patterns, and the stories driving market momentum.
https://www.gate.com/profile/TahaCryptoTrader
⭐ She_Moon
Keeping a close eye on market sentiment, capital flows, and the latest developments in digital finance.
https://www.gate.com/profile/She_Moon
A big thank you to every streamer who continues to create quality content and go live consistently. We will keep discovering outstanding creators and providing more exposure and growth opportunities for talented streamers.
🔔 Follow your favorite streamers and never miss a live session!
Who would you like to see in the next ranking? Leave your recommendation in the comments below 👇

BTC-0.67%

kikcharts 2 hours ago

$CLAUDIA This looks ready to me

Marcinthematrix an hour ago

LSEG, which serves more than 44,000 customers, is a super validator on Canton.
Its DiSH cash application has already settled intraday repos in proofs of concept, putting the cash leg of repo transactions on the network.
@CantonNetwork @YuvalRooz