This is a simple script that provides you with realtime information on the actual Bitcoin price difference between the Binance Perpetual Futures and the Coinbase Spot markets.
I consider this information very useful - especially on intraday timeframes - because it immediately shows the way the retail margin traders are skewed.
Positive values mean that the margin retail daytraders are mainly long, negative values mean the opposite.
I hope this indicator will help you in your intraday Bitcoin trades.