Scan with your phone to get the appCoinbase Premium: is US money buying or selling Bitcoin
The gap between the BTC and ETH price on Coinbase (the exchange of US investors, where ETFs buy) and on Binance (the exchange for the rest of the world). A sustained positive premium usually coincides with strong US inflows.
Bitcoin
-0.088%
The US side is selling more / buying less.
- 1-hour average
- -0.088%
- 24-hour average
- -0.101%
Ethereum
-0.090%
The US side is selling more / buying less.
- 1-hour average
- -0.093%
- 24-hour average
- -0.100%
Past 24 hours
BTCETH
30 days (hourly average)
BTCETH
Before 6 Oct 2026: computed from both exchanges' hourly candle closes (1 point per hour); from 6 Oct: average of our own per-minute readings.
How to read the numbers
Positive (Coinbase price higher): buyers in the US — ETFs, institutions, US retail — are paying more than the rest of the world, meaning strong US buying. Many big Bitcoin rallies came with a sustained positive premium.
Negative (Coinbase price lower): the US side is selling more or buying less; a deep negative premium is often seen during market panics.
Typical values are within ±0.1%. A single reading says little — look at the average trend over hours and days.
Methodology: (Coinbase BTC-USD mid price − Binance BTC/USDT mid price) ÷ Binance price, sampled from both exchanges at the same moment every minute. Binance prices in USDT, so when USDT drifts from $1 this figure shifts slightly too.
Source: Coinbase and Binance public APIs. What is Coinbase Premium? · ETF flows → · Korea premium → Not investment advice.