BTC Perp-Spot Premium

BTC Perp‑Spot Premium w/ EMA Cross

This indicator measures the premium or discount between BTC spot prices and perpetual futures across major exchanges. It visualizes real-time sentiment in the derivatives market and identifies potential inflection points by comparing the behavior of spot traders (real demand) and perp traders (speculative positioning).

What It Does

Calculates the premium spread
Shows the percentage difference between perp and spot prices as a color-coded histogram. Blue bars indicate perps trading above spot (aggressive longs), while red bars suggest perps below spot (risk-off or bearish positioning).

7-exchange composite data feed
Uses a robust average of six perpetual futures sources and seven spot market sources across Binance, Bybit, OKX, Coinbase, Bitfinex, Kraken, and Bitstamp for a balanced and high-fidelity view.

EMA crossover signals
Includes a customizable EMA and MA of the premium. Crossovers are visualized with subtle circle markers to signal sentiment shifts—blue for EMA crossing above, red for crossing below.

Zero baseline
A horizontal line at zero makes it easy to identify when perps flip from premium to discount territory and vice versa.

Dynamic stats table
Displays live values for the perp average, spot average, and premium % in a neatly formatted corner table.

Why It's Useful

This tool helps traders:

Monitor market sentiment and speculative aggression

Spot inefficiencies between derivatives and spot markets

Identify early reversal or continuation signals

Track potential liquidation zones or trend exhaustion

Confirm breakouts with perp/spot alignment

Whether you're trading short-term momentum or watching for mean-reverting setups, this premium analysis tool brings deeper context to BTC price action directly on your chart.