Coinbase BTC Premium by BIGTAKER

29 Apr

BTC Premium Gap Analysis: Binance, Coinbase, Upbit
This indicator provides real-time analysis and visualization of the premium gap between the Binance BTCUSDT price and the BTC prices on Coinbase (BTCUSD) and Upbit (BTCKRW).

Key Features
Coinbase Premium Gap

Measures the price difference between Coinbase and Binance as a percentage.

To improve visibility, the Coinbase premium is visually amplified by 10x.

Upbit Premium Gap

Calculates the premium by comparing Upbit's BTCKRW price (converted into USD using the real-time USDKRW exchange rate) against Binance BTCUSDT.

Dynamic Color Coding

Premiums above 0% are displayed in lime green, indicating positive premiums.

Premiums below 0% are displayed in red, indicating discounts.

Real-Time Labels

Displays real-time premium values for both Coinbase and Upbit on the right side of the chart.

Additional Notes
Upbit premiums are adjusted for the USD/KRW exchange rate to ensure accurate USD-based comparison.

The Coinbase premium is magnified visually (10x) to better capture minor movements, while the actual premium value remains correctly displayed.

The indicator is optimized for traders who monitor global BTC market price disparities across major exchanges.

How to Use
Quickly track global BTC price discrepancies across Binance, Coinbase, and Upbit.

Detect "Kimchi Premium" conditions in the Korean market through Upbit premiums.

Analyze buying and selling pressure in North American markets through Coinbase premiums.

9 Mei

Nota Keluaran

2025-05-09 Update
Setting a multiplier for Coinbase Premium to improve graph readability
Setting Coinbase, Upbit Premium label display ON/OFF

Description:
The 'Coinbase & Upbit BTC Premium by BIGTAKER' indicator calculates and visualizes the premium gap between Bitcoin prices on Coinbase, Upbit, and Binance. The purpose of this indicator is to assess the market sentiment by observing the percentage differences between exchange rates and spot prices, highlighting potential arbitrage opportunities.

Key Features:
1. Premium Calculation:
- The script calculates the Coinbase premium as the percentage difference between the Coinbase BTC price and the Binance BTC price.
- The Upbit premium is similarly calculated using the KRW/USD exchange rate to convert Upbit's BTC price to USD.

2. Plotting and Visualization:
- Users can choose between 'Column' and 'Line' plot types for both Coinbase and Upbit premiums.
- The indicator plots these premiums with distinct colors:
- Positive Coinbase premiums are shown in light blue (#40babe) and negative premiums in purple (#a646ff).
- Positive Upbit premiums are shown in green (#08fd87) and negative premiums in red (#ff4c4c).

3. Dynamic Labeling:
- Optional labels display the current premium values for Coinbase and Upbit.
- These labels are positioned at the last bar and can be enabled/disabled through user inputs.

4. Customization:
- The Coinbase premium multiplier can be adjusted by the user, allowing for more precise or scaled visual representation.

5. Zero Line:
- A horizontal line at 0 is plotted to provide a clear visual reference for positive and negative premium values.

This indicator is particularly useful for identifying price discrepancies and arbitrage opportunities between major cryptocurrency exchanges.