Binance Spot/Perp Premium Indicator This indicator visually shows the price difference (called "Premium") between the perpetual contract and the spot market of a particular cryptocurrency on Binance.
Histogram: Displays the premium amount. Positive values are shown in blue and negative values in purple. Blue Circle: Appears below the bar when the premium goes over 1% and there hasn't been a purple circle in the past 90 minutes. Purple Circle: Appears below the bar when the premium drops below -1% and there hasn't been a blue circle in the past 90 minutes. Green Circle: Shows up below the bar when the premium exceeds 5%. A new circle can appear every 15 minutes if the condition is met. Red Circle: Appears below the bar when the premium drops more than -5%. After a red circle, there's a 30-minute cooldown before another can appear. A label at the bottom displays the current premium amount and its percentage, helping users quickly gauge the market situation.