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ETH True CB Premium

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This indicator calculates and visualizes the “true premium” or discount between Coinbase and Binance spot prices for ETH, accurately accounting for any decoupling between USD and USDT.

Coinbase ETHUSD is quoted in USD.
Binance ETHUSDT is quoted in USDT.

The indicator uses the current USDT/USD spot rate (COINBASE:USDTUSD) to convert Binance’s ETH price into USD terms, ensuring an accurate premium calculation even if USDT and USD are not exactly 1:1.

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