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nbbo2
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Basis is almost always calculated on the non-usd leg - which explains why your signs are the wrong way around.

Basis is almost always calculated on the non-usd leg - which explains why your signs are the wrong way around

Basis is almost always calculated on the non-usd leg - which explains why your signs are the wrong way around.

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river_rat
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Basis is almost always calculated on the non-usd leg - which explains why your signs are the wrong way around