According to Farside Investors, Bitcoin annualised basis rates have declined, with March 2026 BTC futures now trading at an annualised basis below 5%. Source: Farside Investors, farside.co.uk/basis; Farside Investors X post dated Nov 4, 2025. This places the implied BTC cash-and-carry yield for the March 2026 contract under 5% annualised under Farside’s basis methodology, reducing gross returns available to hedged basis strategies. Source: Farside Investors, farside.co.uk/basis. A lower BTC annualised basis versus prior readings indicates the futures premium over spot has narrowed relative to earlier levels reported by Farside. Source: Farside Investors, farside.co.uk/basis; Farside Investors X post dated Nov 4, 2025. Traders can use the Farside basis dashboard to monitor basis changes across expiries to inform carry trade timing, duration selection, and roll management when basis tightens. Source: Farside Investors, farside.co.uk/basis.