10. Basis (Fixed Maturity Contracts) - Kraken Futures

Key points: - The basis is the difference between the current spot price of Bitcoin and the futures contract price.If you are trading fixed maturity contracts, you should pay attention to the basis, since it will impact your PnL. - Traders tend to like fixed maturity contracts because the basis is more predictable, and in many cases cheaper than the funding rate on the perpetual futures contract. - You also can profit from the basis by entering what is called a cash and carry trade. We will show you how to do this in a later segment.