( (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'
This chart measures Bitcoin Tether price @ Binance / Bitcoin USD fiat price @ Coinbase. If # is above 1.00 means investors value Tethers more than USD fiat. On the other hand #s below 1.00 means Tethers are trading at a discount to USD fiat. 0.98 = 2% discount. Only listed market for Tether/USD fiat is Kraken exchange but there's no real volume going on there,...