Basis spread

Japanese

ベーシス・スプレッド

Last reviewed

September 24, 2026

This is a draft, shown for review before publication.

A basis spread is the margin added to one of the two floating rates in a basis swap, which exchanges floating rates that differ in reference rate or tenor, so that the two sides balance. It serves as a gauge of the gap between two rates of different nature, such as the overnight rate and TIBOR.