Whale Academy

Venue Spread

What it shows

Where the same asset is priced differently: the Coinbase premium against the offshore venues, and how funding differs from one exchange to the next.

How to read it

The premium here is corrected for the USDT exchange rate, and that correction matters more than it sounds. A raw subtraction measures the stablecoin peg as much as it measures demand — when we checked, the raw premium median and the USDT/USD deviation were the same number. Both figures are shown so you can see the difference. On funding: most coins have no meaningful gap between venues; the screen is useful for the ones that do.

AlgoWhale reports market data. It does not tell you what to buy or sell, and nothing on this page is investment advice.