Bitcoin Premium [SAKANE]

2024年12月21日

Overview
"Bitcoin Premium [SAKANE]" is an indicator designed to analyze the price differences (premiums) of Bitcoin between major exchanges. By using this tool, you can visualize these differences and trends across exchanges, helping you make more informed trading decisions.

Features
1. Premium Calculation and Display
- Calculates and visualizes the price differences between major exchanges like Coinbase, Bitfinex, Upbit, and Binance.
- Premiums are displayed in a histogram format for intuitive analysis.

2. Forex Rate Adjustment
- Prices quoted in KRW (e.g., from Upbit) are converted to USD using real-time KRW/USD forex rates.

3. Moving Average Option
- Displays moving averages (SMA or EMA) of premiums for a clearer view of long-term trends.

4. Customizable Settings
- Toggle the premium display for each exchange on or off.
- Includes label displays to support visual analysis.

What Can It Do for You?

1. Identify Arbitrage Opportunities
By observing price differences (premiums) between exchanges, you can identify arbitrage opportunities.
Example: If Bitcoin is cheaper on Binance and more expensive on Coinbase, you could buy on Binance and sell on Coinbase to capture the price difference.

2. Understand Regional Supply and Demand Trends
Each exchange's premium reflects the supply and demand dynamics of its respective region.
Example: A high premium on Upbit may indicate excess demand or regulatory impacts in the South Korean market.

3. Analyze Liquidity
Price differences often highlight liquidity disparities between exchanges. Markets with lower trading volumes tend to have larger premiums due to price distortions.

4. Evaluate Macroeconomic Impacts
Premium movements may reflect changes in macroeconomic factors, such as exchange rates, regulations, or financial conditions specific to each region.

5. Analyze Trends and Market Sentiment
By tracking premium trends, you can gauge market sentiment and understand regional or exchange-specific behaviors to inform your investment decisions.

6. Support Strategic Trading
This tool is useful for short-term arbitrage strategies as well as long-term evaluations of market health.

Exchange Characteristics and Premium Implications
The meaning of premiums varies by exchange.

- Coinbase (US Market)
Primarily used by investors buying directly with fiat currency (USD). A higher premium often signals bullish sentiment among institutional and retail investors.

- Bitfinex (Global Market)
A trader-focused exchange with active large-scale and leveraged trading. Premiums may reflect liquidity and risk appetite.

- Upbit (South Korean Market)
Priced in KRW, making it subject to forex rates and local market dynamics. High premiums may indicate strong demand or regulatory influences in South Korea.

- Binance (Global Market)
The largest exchange by trading volume. Premiums here are often a reflection of the overall market balance.

Notes
- This indicator is for reference only and does not guarantee trading decisions.
- Please consider the characteristics and conditions of each exchange when using this tool.

1月26日

リリースノート

Changes

✅ Added OKX Exchange Data
- Added price retrieval for `OKX:AED` and conversion using `AED/USD`.
- Added `OKX Premium` calculation and plotting.
- Added a new setting option: `Show Arab Premium`.

✅ Removed Label Display Feature
- Removed labels for `Coinbase`, `Bitfinex`, and `Upbit`.

✅ Removed Moving Average (MA) Feature
- Removed the `SMA` / `EMA` selection option.
- Removed moving average plotting.

2月9日

リリースノート

ArabPremiumの削除
取引高世界No2のBybitを追加
Binance先物との差異であるBasisを追加

2月19日

リリースノート

Add CME Spread