This is an oscillator indicator that shows the premium between BTC perpetual futures and spot prices.
The prices of futures and spot are weighted average prices, weighted by the exchange's trading volume.
When the indicator is in the upper half of the region, the funding rate of perpetual contracts is relatively high, and the market trend is bullish. When the indicator is in the upper half of the region, the funding rate of perpetual contracts is relatively high, and the market trend is bearish.
You can set the upper and lower limits of the premium. When the indicator exceeds the upper or lower limit, the trend usually reverses.
Buy the dip, Sell the high.
---------------------------------------------------------- Version 1.0, 20210409
Looks like it's broken for BTC now (although ETH seems to be working).
TaiguoXielaoban
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4小时级别真的很准！！感谢morty大神！
doom3cool3
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Why is the spot exchanges different with future exchanges? Thanks
AKG-FAN
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Excellent indicator, thank you Morty
BorjaEsponja
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Hello, the line on the graph always appears below the bands, does this happen to anyone else?
uyplayer
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打算在freqtrade上运行
minato35
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为什么显示study 错误啊，在30分钟，OKX eth 永续合约
zionwong
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这个指标对我很有帮助，感谢您的分享。
mprolagaiev
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When the indicator is in the upper half of the region, the funding rate of perpetual contracts is relatively high, and the market trend is bullish .
When the indicator is in the upper half of the region, the funding rate of perpetual contracts is relatively high, and the market trend is bearish .
Probably it should be the lower half in one of the sentences.