INVITE-ONLY SCRIPT
已更新 Binance Futures Basis
CONCEPT
The futures basis for multiple coins based on the Binance coin margin quarterly futures contracts.
If you need a run down of what the futures basis is, check out this short educational post (click on the chart):
In short: the futures basis is the premium at which futures contracts are trading compared to the spot market.
FEATURES
Futures basis for the following coins:
There's also an average futures basis which is an average premium of all the coins I just listed.
As you can see there's also a zero line which you can turn on in the settings.
This is quite useful for when the futures start trading in or close to backwardation.
It's possible to show all the premiums at the same time.
This makes it easy to look for outliers.
You can choose the candle source too.
By default it's set on "close" which probably makes the most sense.
All data will be based on candle closes.
However if you're looking at higher timeframes sometimes crucial info is lost when you keep it on "close".
As you can see in this BTC futures basis example with "close" as a candle source you don't seen anything peculiar even though there were two violent liquidation cascades that temporarily had a huge impact on the futures basis.
If you then select "ohlc4" for example which uses an average value of each candle you can clearly see the impact that those drops had.
Basically when you're looking at most recent data I prefer candle close, but when looking at higher timeframes for historic data the ohlc4 option is more useful.
At the time of publishing this indicator it's using the September quarterly futures contracts (which is the closest expiration).
I'll update this every time the expiration happens.
However, in the settings you'll find the code for these futures contracts.
If you want to take a look at the next expiration for example, which is December right now, you can just fill in the Binance code of those contracts and it'll re-calculate everything and print the futures basis for the December futures.
This way you can also update the indicator yourself each time contracts expire (to make sure the indicator keeps working just in case I were to disappear or something).
The code for the current (September) contracts is U2021.
The code for the next expiration (December) is Z2021.
This will become out dated of course.
TRADING
You can find more info on how it's useful for trading in the educational post I linked.
Some short notes...
This premium works very similar to the perpetuals basis or funding.
Simply put a high premium could be a sign that the market is overbought and a very low premium could be a sign that the market is oversold.
Backwardation (below 0) is very rare and usually only happens after a violent crash. Historically those are good buying opportunities.
Divergences also often work really well.
If you want access send me a private message so we can discuss it.
Cheers.
The futures basis for multiple coins based on the Binance coin margin quarterly futures contracts.
If you need a run down of what the futures basis is, check out this short educational post (click on the chart):
In short: the futures basis is the premium at which futures contracts are trading compared to the spot market.
FEATURES
Futures basis for the following coins:
- BTC
- ETH
- LTC
- BNB
- ADA
- DOT
- BCH
- LINK
There's also an average futures basis which is an average premium of all the coins I just listed.
As you can see there's also a zero line which you can turn on in the settings.
This is quite useful for when the futures start trading in or close to backwardation.
It's possible to show all the premiums at the same time.
This makes it easy to look for outliers.
You can choose the candle source too.
By default it's set on "close" which probably makes the most sense.
All data will be based on candle closes.
However if you're looking at higher timeframes sometimes crucial info is lost when you keep it on "close".
As you can see in this BTC futures basis example with "close" as a candle source you don't seen anything peculiar even though there were two violent liquidation cascades that temporarily had a huge impact on the futures basis.
If you then select "ohlc4" for example which uses an average value of each candle you can clearly see the impact that those drops had.
Basically when you're looking at most recent data I prefer candle close, but when looking at higher timeframes for historic data the ohlc4 option is more useful.
At the time of publishing this indicator it's using the September quarterly futures contracts (which is the closest expiration).
I'll update this every time the expiration happens.
However, in the settings you'll find the code for these futures contracts.
If you want to take a look at the next expiration for example, which is December right now, you can just fill in the Binance code of those contracts and it'll re-calculate everything and print the futures basis for the December futures.
This way you can also update the indicator yourself each time contracts expire (to make sure the indicator keeps working just in case I were to disappear or something).
The code for the current (September) contracts is U2021.
The code for the next expiration (December) is Z2021.
This will become out dated of course.
TRADING
You can find more info on how it's useful for trading in the educational post I linked.
Some short notes...
This premium works very similar to the perpetuals basis or funding.
Simply put a high premium could be a sign that the market is overbought and a very low premium could be a sign that the market is oversold.
Backwardation (below 0) is very rare and usually only happens after a violent crash. Historically those are good buying opportunities.
Divergences also often work really well.
If you want access send me a private message so we can discuss it.
Cheers.
發行說明
Updated the futures contracts to the December quarterly expiration.發行說明
Updated default contract to March 2022 expiration because the current one (December) is almost over and the basis is therefore (decay) pretty much gone.發行說明
Updated so it uses the next quarterly futures (June) since the March futures expired.Sorry for being a bit late.
發行說明
Updated to the September quarterly futures contracts.發行說明
Updated to the new contracts.發行說明
The Tradingview spot indices I used for calculations started acting funky so I replaced them with more accurate indices. 僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡ByzantiumScripts。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
If you want access send me a private message so we can discuss it.
Send me a private message for access to my invite only indicators.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡ByzantiumScripts。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
If you want access send me a private message so we can discuss it.
Send me a private message for access to my invite only indicators.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。