Crypto Futures Term Structure — Contango Backwardation Deribit
Pricing
Pay per usage
Crypto Futures Term Structure — Contango Backwardation Deribit
Tracks BTC/ETH futures curve on Deribit: contango or backwardation, basis %, implied APR per expiry. No API key. $0.005/run.
Crypto Futures Term Structure
Tracks BTC and ETH futures term structure on Deribit: curve contango vs backwardation, basis %, and implied APR per futures expiry. Professional-grade market structure signal.
Keywords: futures term structure, curve contango, futures expiry tracker, Deribit term structure, BTC ETH futures curve, implied APR per expiry
What Is Term Structure?
The futures term structure shows how the price of futures contracts changes across different expiry dates:
- Contango (futures > spot): market is bullish, traders pay premium for future delivery
- Backwardation (futures < spot): market expects lower prices, or high demand for spot
Implied APR = the annualized return you'd earn by buying spot and shorting a futures contract (cash-and-carry trade).
Output Fields
Per dated future:
| Field | Description |
|---|---|
basis_pct | (Futures - Spot) / Spot × 100 |
implied_apr_pct | Annualized basis (cash-and-carry APR) |
days_to_expiry | Calendar days until settlement |
structure | contango / backwardation / flat |
Summary per currency:
overall_structure— dominant market structureavg_basis_pct— weighted average basis across all futures
Pricing
$0.005 flat per run.