The Annualized Premium for Bitcoin Futures Expiring in June Widened to 40 Percent on Multiple Exchanges
[ChainDD report] April 11 (ChainDD) According to Coindesk, the data from Skew showed that Bitcoin futures maturing in June listed on major exchanges such as Binance, Huobi, OKEx, Bitmex and Deribit were currently trading at an annualized premium of 44% to 48%. Meanwhile, the contango for Bitcoin listed on the Delta Exchange is 30 percent.
Pankaj Balani, co-founder and CEO of Delta Exchange, said that as the annualized premium for Bitcoin futures expiring in June has widened to 40%, cash carry traders have shown strong interest in carry premium and locked in risk-free returns.
Cash arbitrage is a market-neutral strategy designed to profit from price differences in one or more markets.