Kimchi Premium / Korean Premium ALL TICKERS
Kimchi Premium
Due to the isolated nature of Korean crypto markets, Koreans pay a hefty premium on most cryptos. (Usually ranging from 3% to 5%). This is colloquially known as the "Kimchi Premium".
Uses
The extend of this premium can be used to gauge Korean sentiment towards certain tickers. Most of the insane alt coin rallies that are started by Korean degens are missed by foreign traders entirely. This script seeks to fix that.
Notes
This script automatically detects your current ticker and compares the USDT pair to the KRW pair after adjusting for exchange rate.
Works on all USDT, USDC, BUSD, FDUSD, USD, USDT.P, USDC.P or KRW pairs. Will obviously throw an error if your ticker has no KRW pairing.
Due to the isolated nature of Korean crypto markets, Koreans pay a hefty premium on most cryptos. (Usually ranging from 3% to 5%). This is colloquially known as the "Kimchi Premium".
Uses
The extend of this premium can be used to gauge Korean sentiment towards certain tickers. Most of the insane alt coin rallies that are started by Korean degens are missed by foreign traders entirely. This script seeks to fix that.
Notes
This script automatically detects your current ticker and compares the USDT pair to the KRW pair after adjusting for exchange rate.
Works on all USDT, USDC, BUSD, FDUSD, USD, USDT.P, USDC.P or KRW pairs. Will obviously throw an error if your ticker has no KRW pairing.