Binance Funding and Premium Index Extended [NeoButane]

2020년 10월 4일

A premium index indicator for Binance exclusively. This extended version includes BTC, ETH, BNB, LINK, and more.

Just like BitMEX, there is a +/- 0.05% clamp with 0.01% being the default. Funding periods occur at 0000 UTC, 0800 UTC, and 1600 UTC.

Binance documentation does not mention a maximum funding rate, so instead there is an option to limit how much is funding/premium is displayed if it is too extreme.

There are alarm conditions that can be set for any coin's premium crossing above or below the set amount as well as visualizations for the premium level set.

Helpful notes:
ETHUSD on BitMEX is a quanto swap and shorting it incurs more risk. That is a partial explanation as to why premiums for ETH swaps are lower on other exchanges. See here for more info:
insights.deribit.com/market-research/understanding-quanto-risk-and-opportunity/

The final funding rate is derived from the premium index and paying/receiving interest happens only if a position is held. Since interest is handled between traders, you may see significant moves when funding is very high or low. This appears to be very pronounced on DeFi tokens.

This is a paid indicator, please DM for access

2020년 10월 5일

릴리즈 노트

Slight tweak to be better suited for Binance.

2020년 10월 7일

릴리즈 노트

Modified volume weighted index composition, with exclusions for coins that don't exist on certain exchanges, such as YFI on Bitfinex. of BInance's selections, Bittrex and HitBTC were excluded for volume weighting. Bittrex has very little volume and would require many exclusion rules. HitBTC is the same and sometimes has bad data (HITBTC:YFIUSDT).

2020년 10월 9일

릴리즈 노트

Created signal highlighting for primitive premium deviations. Current filtering performs better on timeframes 1 hour or higher.

2020년 10월 15일

릴리즈 노트

- Added alerts on deviations (thanks for the reminders to make reminders)
- Made volume weighted premium index the default. In almost all cases, this is the more accurate option to use
- Changed premium color to be more visible on white backgrounds and better match Binance's theme
- Added FLM

2020년 10월 22일

릴리즈 노트

Rebalanced indices, individual weighted index changes

2020년 10월 28일

릴리즈 노트

Added raw premium, which shows unfiltered premium extremes. It can aid in identifying reversals. The option 'Raw Premium Display Limit' simply limits how much is viewed.

2020년 10월 28일

릴리즈 노트

Pushed an incorrect formula for raw premium, sorry! Fixed now. Please remember to re-add the indicator to receive the newest version :)

2020년 12월 6일

릴리즈 노트

Added a label that will show the currently chosen coin, improved visibility, simplified inputs, and more.

2020년 12월 7일

릴리즈 노트

Minor cosmetic changes and weighting

2020년 12월 7일

릴리즈 노트

Improved filtering

2020년 12월 10일

릴리즈 노트

Improved daily charting and now has the option to show bar close values only, not values before it closes. That option is called 'Show Premium Values at Bar Close Only' and is off by default for now.

2020년 12월 10일

릴리즈 노트

Rolling back recent update due to bugs; Sorry about the spam!

2020년 12월 11일

릴리즈 노트

Re-add autoswitch

2020년 12월 23일

릴리즈 노트

Hotfix on ticker auto-detection.

2021년 1월 21일

릴리즈 노트

Changed raw premium display limit to 1% to reflect the state of the markets, reweighted, and refreshed the list of available USDT pairs.