Futures Analysis: Read Contract Price, Open Interest and Basis

What this tool helps you investigate

Use futures analysis to inspect contract-level price, open interest, traded volume and premium in a sortable table. It is a detailed inventory rather than the dashboard top-mover summary.

Read absolute OI changes with their percentage and starting base. A large raw quantity can be ordinary for one contract but exceptional for another.

Read the workspace

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1. Active contract selection. The left summary records the selected asset, instrument and expiry.
2. Price columns. Last price, percentage change and price delta are related but use different units.
3. Position and activity. OI delta, total OI and traded volume measure different aspects of the contract.
4. Premium and score. Premium is a price comparison; the spurt score is a model rank rather than a forecast.

Futures analysis workspace showing active contract selection, price columns, position and activity, premium and score

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How to use Futures analysis

1. Choose asset type, instrument and expiry coverage.
2. Confirm the observation time or historical session.
3. Sort a column that matches the question, such as OI expansion or price movement.
4. Read the complete row before opening a timeline or chart for that contract.

Understand the measurements

A worked example

If futures move from 1,000 to 1,010 while OI rises from 10 lakh to 10.5 lakh, price is up 1% and OI is up 5%. That combination is usually labelled long buildup; the table alone cannot identify whether the positions belong to outright or hedged strategies.

Checks before drawing a conclusion

• Check the exact price and OI reference before comparing rows.
• Quantity-based comparisons need contract and lot-size context.
• A premium is not automatically a directional signal or an executable arbitrage.