# Basis Points (bps)

1 basis point = 0.01%. We use bps as the canonical unit for funding, basis and premium moves.

Source: https://bykaranteli.com/glossary/basis-points · attribute to ByKaranteli and quote the timestamp.

## Definition

100 bps equals 1 percent. Funding rates, basis and premium are quoted in bps because the numbers stay readable across all magnitudes: a +50 bps funding print and a -200 bps basis dislocation sit on the same scale.

## Related

- https://bykaranteli.com/symbols
- https://bykaranteli.com/heatmap
- https://bykaranteli.com/glossary

Everything in one fetch: https://bykaranteli.com/llms-full.txt