Consider a one year fully collateralized commodity futures position on a commodity that experiences a $3\%$ decline in its spot price. Over that same year, the basis in the commodity fell from the spot price exceeding the futures price by $5\%$ to a basis of $2\%.$ The riskless interest rate was $4\%.$ What is the excess return of the futures contract? $($The answer format is the x in x$\%,$ e$.$g$.,3$ for $3\%.)$