Cryptocurrency BasisWatch and Implied Rate Tool
About the tool
These tools allow market participants to toggle between two critical views of the Crypto futures landscape.
- BasisWatch: Analyzes the relationship between futures and spot prices.
- Implied Rate: Visualizes annualized spot and forward rate curves to pinpoint yield opportunities.
For the purpose of BasisWatch:
- The spot price is derived from the respective CME CF Spot-Quoted Cryptocurrency Marker, which is a 60-second time-weighted average price (TWAP) based on the underlying real-time index from 3:59 p.m. - 4:00 p.m. Eastern Time (ET).
- The nearest monthly contract is used for calculations at 4:00 p.m. ET, rolling into the next available contract on the last Tuesday of the maturity month.
*Disclaimer: The data and output from this tool does not constitute investment advice and is not a personal recommendation from CME Group. Nothing contained herein constitutes the solicitation of the purchase or sale of any futures or options. Any investment activities undertaken using this tool will be at the sole risk of the relevant investor. CME Group expressly disclaims all liability for the use or interpretation (whether by visitor or by others) of information contained herein. Decisions based on this information are the sole responsibility of the relevant investor. Any visitor to this page agrees to hold the CME Group and its affiliates and licensors harmless against any claims for damages arising from any decisions that the visitor makes based on such information.
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