Index Calculation

Market price: median of last, best bid, best offer

Mark price [MP]: market price of futures if future is not paused, otherwise index price + last premium

Index price [index*]: Market price of index.

Premium: MP - index

Indices are fetched every 5 seconds

*Index: 

BTC

• Binance BTC/TUSD
• Binance BTC/USDC
• Bitstamp BTC/USD
• Bittrex BTC/TUSD
• Bittrex BTC/USD
• Coinbase BTC/USD
• Coinbase BTC/USDC
• Kraken BTC/USD
• OKEx BTC/TUSD
• OKEx BTC/USDC
• FTX BTC/USD

ETH

• Binance ETH/TUSD
• Binance ETH/USDC
• Bitstamp ETH/USD
• Bittrex ETH/TUSD
• Bittrex ETH/USD
• Coinbase ETH/USD
• Coinbase ETH/USDC
• Kraken ETH/USD

USDT

• Binance USDC/USDT
• Binance TUSD/USDT
• Bittrex TUSD/USDT
• Bittrex USDT/USD
• Kraken USDT/USD
• OKEx TUSD/USDT
• OKEx USDC/USDT

ALGO

• Binance ALGO/BTC
• Binance ALGO/USDT
• Huobi ALGO/BTC
• Huobi ALGO/USDT
• OKEx ALGO/BTC
• OKEx ALGO/USDT

BCH

• Binance BCH/TUSD
• Binance BCH/USDC
• Bittrex BCH/USD
• Coinbase BCH/USD
• Kraken BCH/USD

BNB

• Binance BNB/TUSD
• Binance BNB/USDC

BSV

• Bitfinex BSV/BTC
• Bittrex BSV/BTC
• Bittrex BSV/USD
• Huobi BSV/BTC
• Huobi BSV/USDT
• OKEx BSV/BTC
• OKEx BSV/USDT

EOS

• Binance EOS/TUSD
• Binance EOS/USDC
• Coinbase EOS/USD
• Kraken EOS/USD

LEO

• Bitfinex LEO/BTC
• Bitfinex LEO/USDT
• OKEx LEO/USDT

LTC

• Binance LTC/TUSD
• Binance LTC/USDC
• Bitstamp LTC/USD
• Bittrex LTC/USD
• Coinbase LTC/USD
• Kraken LTC/USD

TRX

• Binance TRX/TUSD
• Binance TRX/USDC
• Bittrex TRX/USD

XRP

• Binance XRP/TUSD
• Binance XRP/USDC
• Bitstamp XRP/USD
• Bittrex XRP/USD
• Coinbase XRP/USD
• Kraken XRP/USD

HT

• Huobi HT/USDT
• Huobi HT/HUSD
• BitMax HT/USDT
• Gate.io HT/USDT

OKB

• OKEx OKB/USDT
• OKEx OKB/BTC
• BitMax OKB/USDT
• BitMax OKB/BTC

ETC

• Binance ETC/USDC
• Binance ETC/TUSD
• Bittrex ETC/USD
• Gdax ETC/USD

All elements of each index are weighted equally.  All elements are capped at 30bp divergence from the median.

EXCH: All of the above markets for BNB, HT, OKB, and LEO.  Within each coin each element is weighted equally.  EXCH contains:

• BNB Index: 11.1
• HT Index: 62.91
• OKB Index: 93.31
• LEO Index: 219.25

ALT: All of the above markets for ETH, EOS, XRP, BNB, TRX, LEO, BCH, BSV, and LTC.  Within each coin each element is weighted equally.  ALT contains:

• BCH Index: 0.264
• BNB Index: 1.343
• BSV Index: 0.297
• EOS Index: 21.427
• ETH Index: 1.195
• LEO Index: 4.375
• LTC Index: 0.889
• TRX Index: 2223.529
• XRP Index: 228.964

MID: The Mid Cap index contains the following coins and quantities:

SHIT: The Shitcoin Index contains the following coins and quantities:

* KNC is Kyber Network

All BTC, ETH, and USDT Markets are composed of the below:

All elements of each index are weighted equally.  All elements are capped at 30bp divergence from the median.

*LEO does not trade against USD/USDC/TUSD anywhere, so we are multiplying the LEO/USDT price by our USDT index and the LEO/BTC price by our BTC index.

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