Basis Edge
Futures spreads, funding, premium/discount
Equity Basis Holds Positive Despite 1.09% SPX Cash Drop
Futures Basis Snapshot ES futures at 7780.5 trade 121 points above spot 7659.44 which means positive basis reflecting carry cost in the front contract. NQ…
Equity Basis at 48 Points With Curve Data Still Absent
Equity Futures Premium Snapshot ES=F prints at 7853.75 against the S&P 500 cash close of 7805.45 which leaves a positive basis of 48 points into…
Equity Futures Contango Holds Steady Without Fresh Conviction
Futures Basis Snapshot Equity index futures sit modestly above cash across the board, with S&P 500 E-mini at 7736 against a 7666 cash print for…
Equity Basis Tightens as Dow Discount Leaves Carry Flat
Basis Snapshot: Modest Premiums Mask Dow Distortion Equity index futures sit close to spot levels with only modest premiums on S&P, Nasdaq and Russell contracts,…
Narrowing Basis Signals Eroding Real-Money Support into Year-End
Basis Snapshot and Term Structure Evolution Equity index futures remain above cash across benchmarks yet the premium has compressed noticeably since yesterday. ES sits at…
Equity Basis Holds Premiums Despite Spot Declines
Basis Snapshot and Term Structure Equity index futures sit above cash prints with ES at a 122 point premium to the 7706 spot level, confirming…
Negative Equity Basis Signals Restrained Real Money Conviction
Equity Index Basis Snapshot Equity index futures continue to trade below cash levels across the S&P 500 and Nasdaq 100, producing a negative basis that…
Equity Futures Premiums Affirm Carry Conviction With Selective Lags
Futures Basis Snapshot Equity index futures trade at clear premiums to cash prints on 18 September 2026. The S&P 500 E-mini sits 83 points above…
Equity Futures Premium Hits 1.5 Percent on Real-Money Carry Bid
Equity Basis Snapshot Equity index futures sit 1.5 percent above cash across the board, signalling firm real money demand for carry even as spot prints…
Equity Futures Discounts Signal Limited Real Money Conviction
Basis Snapshot Across Equity Indices Equity index futures now trade below cash prints, a clear shift from yesterday’s modest premiums that reflected routine financing carry.…