market_pulse_basis
Compare Coinbase spot vs Hyperliquid perps to compute basis and funding rates, revealing crowded long or short positioning. Disagreements between basis and funding mark inflection points.
Instructions
Compare Coinbase spot against the Hyperliquid perpetual for each asset: spot-perp basis in basis points, the current funding rate, and what the two together say about positioning.
Positive basis means the perp trades above spot (contango), which usually pairs with positive funding and crowded long positioning; negative basis (backwardation) with negative funding points the other way. Basis and funding disagreeing is the interesting case, so both are always reported rather than collapsed into one score.
Args: symbols: List of base tickers, e.g. ["BTC", "ETH", "SOL"]. Each must be listed on Coinbase spot and as a Hyperliquid perp; assets missing from either venue come back with an error on that row.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| symbols | Yes |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
No arguments | |||