Bitcoin Perpetual Swaps Basis
Click the image to see more details on that indicator.
https://www.tradingview.com/script/OFebImhm-Aggregated-Perpetuals-Basis/
This version works only for bitcoin (the older script works for BTC and ETH) and a bunch of code has been trimmed down.
The purpose of this is to make the indicator a lot faster.
When I published the old one I noticed that it always took a long time to load which is incredibly frustrating to me.
I guess I propped too much stuff in one indicator.
So that's why I'm basically cutting it up into two, more code efficient pieces, but it does the same thing.
People who have access to the old indicator will also get access to this one.
Here's a list of contracts that I used to make the perps and spot indices.
These will be updated if needed (in case an exchange loses relevancy for example).
Perps:
- Binance USDT margin
- Binance coin margin
- Bybit USDT margin
- Bybit coin margin
- FTX perp
Spot:
- Coinbase USD
- Bitfinex USD
- FTX USD
- Binance USDT
Removed the smoothing option because it's redundant, everything that makes the indi load faster is good.
I also made some changes to the index weighting so that more actively traded markets have a bigger impact on the basis calculation.
I adjusted all the indices and calculations so that it more accurately reflects the official index premiums that the exchanges use.
I also added an option to look at individual exchange premiums, but by default it'll show the global average premium.
I also inverted the colours because it made more sense that positive values are green I thought.
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Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ByzantiumScripts directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.