Basic Binance Premium Index

2022년 3월 30일

A premium index indicator for Binance futures.

The premium index is based on the difference in price between the perpetual swap contract last price and the price of a volume weighted spot index.

Simply put: it shows you for each coin whether the spot market is trading higher than the Binance perpetual or not.

If future price is higher than spot in a rally, the rally isn't backed by real buys (spot) but by dumb perpetual longs which can indicate bearish PA. If spot price is higher than futures in a rally, the upside is backed by real money (spot) which can indicate bullish PA.

To calculate the premium, I simply took (futures_price/vwap(spot_price)-1)*100

This version includes

•BTC
•ETH
•LTC
•ICP
•BNB
•ADA
•DOGE.

You can display data as a smoothed moving average for improved readability.

This code is open source so feel free to use it in your scripts.

2022년 3월 30일

릴리즈 노트

fixed typo on BNB, ADA, and Doge pairs so that the perp contracts were perp and not spot.

2022년 6월 10일

릴리즈 노트

changed BTC, ETH and LTC perpetual futures pairs to their respective USDT trading pairs instead of USD trading pairs