spread between bitcoin and associated futures tends to move wildly and allows for almost risk-free money to be made (in the long run, the spread will have to bounce back to zero). It's only achievable with bots and a very fast connection to the exchange.
( (Bitmex June/19 contract - Coinbase spot) + (OkEX 3 month forward - Coinbase Spot) ) / 2
Basically the average premium in 2 months vs spot price
We should expect something ranging from USD 0 to 100 (0% to 1.8%)
Anything outside this range should be considered 'weird'
I chose to analyze XBTM19 in particular, because now it shows the most understandable move, that all the others.
As you can see from the graph, XBTM19 has precisely repeated itself, so I expect a little consolidation with further break down.
But I am creating this post, in order to show that the scalpers can open LONG from support with $3595 as a target.