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AllXBTUSDT39691.0+4.48%XBTUSD39698.5+4.48%XBTEUR37444.0+3.62%XBTUSDTM2239800.0+4.06%XBTUSDTU2240366.5+5.01%XBTM2239909.0+4.91%XBTU2240324.5+4.80%XBTK2239768.5+4.68%XBTZ2240560.5+4.61%ADAUSDT0.8764+12.85%ADAUSD0.8747+12.36%ADAM220.00002200+7.32%APEUSDT16.440+17.30%AVAXUSDT67.958+14.93%AVAXUSD68.140+14.85%AXSUSD33.80+18.51%DEFIMEXTUSDT91.30+10.65%METAMEXTUSDT77.19+9.27%ALTMEXTUSDT98.20+9.51%BCHUSDT302.55+7.27%BCHUSD300.50+6.35%BNBUSDT402.14+4.32%BNBUSD402.30+4.66%DOGEUSDT0.13576+4.94%DOGEUSD0.13589+5.12%DOTUSDT16.262+8.62%DOTUSD16.312+8.97%EOSUSDT2.2169+9.04%EOSUSD2.2300+8.00%ETHUSDT2938.35+5.31%ETHUSD2942.95+5.33%ETHUSDTM222955.35+4.93%ETHUSDM223041.00+5.09%ETHM220.07415+0.83%FTMUSDT0.8686+13.71%GMTUSDT3.3500+0.30%GMTUSD3.3574+0.16%LINKUSDT11.455+2.45%LINKUSD12.083+8.13%LTCUSDT106.02+6.30%LTCUSD106.31+6.49%LUNAUSDT86.427+4.17%LUNAUSD87.102+4.84%MANAUSDT1.6623+9.97%MATICUSDT1.1843+8.52%NEARUSDT--.-+0.00%NEARUSD--.-+0.00%SANDUSDT2.4222+10.70%SOLUSDT93.95+9.78%SOLUSD94.08+9.69%SHIBUSDT0.000021643+5.07%XRPUSDT0.6505+6.95%XRPUSD0.6460+6.50%XRPM220.00001639+2.44%.BXBT39707.47+4.51%.BETH2940.90+5.34%.BVOL24H2.68+38.14%Funding: 06:33:08 @ 0.0100%Time: 5:26:51 AM UTC
bitcoinpenguin Indices

bitcoinpenguin indices are composite, meaning that they are calculated using a number of data sources. bitcoinpenguin currently has 18 data sources: Binance, Bitfinex, Binance US, Bitstamp, Bittrex, Bybit, Cryptodotcom, Coinbase, FTX, Gateio, Gemini, Huobi, Itbit, Kraken, Kucoin, LBank, OKEx, Poloniex.

Aiming to be representative of the underlying asset’s market consensus price, each bitcoinpenguin index is calculated as a weighted average of the Last Price for each constituent exchange. Index prices are calculated and published every 5 seconds. The index weights are shown in the table below. The constituents and index weights are reviewed and updated on a quarterly basis. Changes will be announced on the bitcoinpenguin website, on the and via the , with three weeks notice before implementation. The bitcoinpenguin “NEXT” indices will be published at that time to track the hypothetical price of the indices with the new weights.

bitcoinpenguin Index Weights, assuming no constituent exchanges have been excluded due to Index Protection Rules, applicable from 25 March 2022 at 12:00:05 UTC. For current weights incorporating any exclusions refer to the relevant Composite Index Breakdown.

USD Index Family

Binance Binance US Bitfinex Bitstamp Coinbase Cryptodotcom FTX Gateio Gemini Huobi Kraken Kucoin OKEx
.BXBT - - 13.60% 5.13% 40.38% - 29.98% - 3.27% - 7.64% - -
.BETH - 2.72% 7.56% 3.94% 42.08% - 32.12% - 3.37% - 8.21% - -
.BXRP ⤇59.88% - - 4.85% - - 7.40% - - ⤇11.79% - ⤇7.98% ⤇8.10%
.BBCH - 4.55% - 10.00% 53.51% - 21.54% - 5.01% - 5.39% - -
.BLTC - 3.48% 11.57% 3.79% 48.06% - 21.34% - 4.38% - 7.38% - -
.BADA ⤇45.78% 4.73% - - 27.87% - - - - ⤇6.17% 3.43% - ⤇12.02%
.BAVAX ⤇53.35% - - - 16.32% - - - - ⤇5.40% - - ⤇24.93%
.BAXS ⤇49.82% - - - 7.18% - 4.71% - - ⤇6.95% - - ⤇31.34%
.BBNB ⤇88.17% 2.64% - - - - 9.19% - - - - - -
.BDOGE ⤇42.02% - - - 13.54% - 5.74% - - ⤇8.18% - - ⤇30.52%
.BDOT ⤇49.72% - - - 12.78% - - - - ⤇7.53% 3.59% - ⤇26.38%
.BEOS ⤇48.48% - - - 6.42% ⤇7.13% - ⤇5.77% - ⤇19.86% - - ⤇12.34%
.BGMT ⤇16.67% - - - 16.67% - 16.67% ⤇16.66% - ⤇16.67% - - ⤇16.66%
.BLINK ⤇41.15% - - - 23.92% - 5.06% - - ⤇7.84% 2.82% - ⤇19.21%
.BLUNA ⤇44.85% - 6.92% - - - - - - ⤇9.62% - ⤇14.77% ⤇23.84%
.BSOL ⤇32.75% 2.63% - - 23.07% - 17.80% - - ⤇5.64% - - ⤇18.11%
.BUSDT - 3.44% 12.75% - 18.91% - 28.14% - - - 36.76% - -
⤇ Requires Conversion Index

USDT Index Family

Binance Binance US Bitfinex Bitstamp Coinbase Cryptodotcom FTX Gateio Huobi Kraken Kucoin OKEx
.BXBTT 38.22% - ⤇5.20% - ⤇17.59% - ⤇15.21% - 9.87% ⤇2.96% - 10.95%
.BETHT 38.19% - ⤇3.13% - ⤇19.19% - ⤇16.25% - 9.90% ⤇3.38% - 9.96%
.BXRPT 59.88% - - ⤇4.85% - - ⤇7.40% - 11.79% - 7.98% 8.10%
.BBCHT 30.07% - - - ⤇10.05% 7.83% ⤇4.41% - 13.61% - - 34.03%
.BLTCT 34.41% - ⤇4.33% - ⤇19.57% - ⤇11.35% - 11.00% ⤇2.76% - 16.58%
.BAAVET 34.62% - - - ⤇15.32% - ⤇6.25% - 10.90% - - 32.91%
.BADAT 45.78% ⤇4.73% - - ⤇27.87% - - - 6.17% ⤇3.43% - 12.02%
.BALGOT 34.79% ⤇3.30% - - ⤇26.47% - - - 9.82% - - 25.62%
.BAPET 16.67% - - - ⤇16.67% - ⤇16.67% - 16.66% ⤇16.66% - 16.67%
.BATOMT 44.16% - - - ⤇10.59% - - - 7.01% - 8.48% 29.76%
.BAVAXT 53.35% - - - ⤇16.32% - - - 5.40% - - 24.93%
.BAXST 49.82% - - - ⤇7.18% - ⤇4.71% - 6.95% - - 31.34%
.BBATT 47.05% ⤇2.84% - - ⤇13.08% - - - 6.46% - - 30.57%
.BBNBT 88.17% ⤇2.64% - - - - ⤇9.19% - - - - -
.BBTTT 22.22% - - - - - - - 27.17% - - 50.61%
.BCHZT 58.29% - - - - - - - 11.54% - - 30.17%
.BCOMPT 30.95% ⤇3.28% - - ⤇20.32% - ⤇4.64% - 9.67% - - 31.14%
.BDENTT 96.00% - - - - - ⤇4.00% - - - - -
.BDOGET 42.02% - - - ⤇13.54% - ⤇5.74% - 8.18% - - 30.52%
.BDOTT 49.72% - - - ⤇12.78% - - - 7.53% ⤇3.59% - 26.38%
.BDYDXT 57.05% - - - - - ⤇9.06% - 6.68% - - 27.21%
.BENJT 50.64% ⤇4.41% - - ⤇16.63% - - - 10.58% - - 17.74%
.BEOST 48.48% - - - ⤇6.42% 7.13% - 5.77% 19.86% - - 12.34%
.BFILT 49.55% - - - ⤇8.04% - - - 16.11% - - 26.30%
.BFTMT 56.47% - - - - - ⤇5.47% - - - 10.80% 27.26%
.BFTTT 31.50% - - - - - ⤇60.35% - 8.15% - - -
.BGMTT 16.67% - - - ⤇16.67% - ⤇16.67% 16.66% 16.67% - - 16.66%
.BGRTT 41.82% - - - ⤇20.05% - - - 6.08% - - 32.05%
.BICPT 50.95% - - - ⤇25.81% - - - 7.22% - - 16.02%
.BKSMT 40.90% - - - - - - - 7.85% ⤇5.84% 7.04% 38.37%
.BLINKT 41.15% - - - ⤇23.92% - ⤇5.06% - 7.84% ⤇2.82% - 19.21%
.BLRCT 43.09% - - - ⤇27.45% - - - 3.35% - - 26.11%
.BLUNAT 44.85% - ⤇6.92% - - - - - 9.62% - 14.77% 23.84%
.BMANAT 56.48% ⤇4.92% - - ⤇23.99% - - - 6.91% - - 7.70%
.BMATICT 40.13% ⤇5.01% - - ⤇22.00% - ⤇6.20% - 5.39% - - 21.27%
.BMKRT 29.15% ⤇6.22% - - ⤇32.88% - ⤇6.56% - 2.57% - - 22.62%
.BNEOT 53.83% ⤇2.64% - - - - - - 4.87% - - 38.66%
.BOMGT 44.19% - - - ⤇7.41% - ⤇4.89% - 5.71% - - 37.80%
.BQTUMT 46.46% - - - - - - - 6.73% - - 46.81%
.BRUNET 74.28% - - - - - ⤇15.34% - - - 10.38% -
.BSANDT 77.17% - - - - - - - 7.50% - - 15.33%
.BSHIBT 69.74% - - - - - - - 12.70% - - 17.56%
.BSNXT 40.12% - - - ⤇13.59% - ⤇2.74% - 8.27% - - 35.28%
.BSOLT 32.75% ⤇2.63% - - ⤇23.07% - ⤇17.80% - 5.64% - - 18.11%
.BSRMT 35.37% - - - - - ⤇32.60% - 4.75% - - 27.28%
.BSUSHIT 39.47% - - - ⤇10.98% - ⤇10.28% 7.26% 7.84% - - 24.17%
.BTHETAT 54.37% - - - - - - - 3.72% - - 41.91%
.BTRXT 40.89% - - - - - - - 16.95% - - 42.16%
.BUNIT 32.20% - - - ⤇14.92% - ⤇5.35% 6.53% 13.68% - - 27.32%
.BVETT 59.54% ⤇9.93% - - - 18.28% - - 4.74% - 7.51% -
.BXLMT 29.99% - - ⤇2.88% ⤇31.29% - - - 7.53% - 7.35% 20.96%
.BXTZT 34.90% ⤇3.95% ⤇3.65% - ⤇21.29% - - - 7.06% ⤇4.38% - 24.77%
.BYFIT 38.01% - - - ⤇24.53% - ⤇8.84% - 4.41% - - 24.21%
⤇ Requires Conversion Index

XBT Index Family

Binance Bitfinex Bitstamp Coinbase Cryptodotcom FTX Huobi Kraken OKEx Poloniex
.BETHXBT 56.25% - - 8.79% 12.98% 6.80% 7.19% 3.53% 4.46% -
.BXRPXBT 56.44% - - - 16.59% - 18.93% - 8.04% -
.BADAXBT 61.89% - - 8.34% 12.88% - 7.25% - 9.64% -
.BBCHXBT 43.92% - - 13.56% - - 20.13% - 22.39% -
.BEOSXBT 36.86% 11.85% - 3.73% - - 30.53% - 17.03% -
.BLTCXBT 51.03% 7.73% 4.33% 11.27% - - 6.85% - 14.68% 4.11%
.BTRXXBT 38.96% - - - - - 29.31% - 28.61% 3.12%

EUR Index Family

Bitfinex Bitstamp Coinbase Kraken
.BXBTEUR 10.25% 18.19% 29.10% 42.46%

The bitcoinpenguin index weights will be updated next on 24 June 2022 at 12:00:05 UTC.

Update Schedule

The weights for bitcoinpenguin indices will be updated immediately after each quarterly futures expiry, with updates based on three months of constituent exchange volume data. The date range for data will be from 00:00 UTC on the first day of the month for the expiring quarterly future to 00:00 UTC on the first day of the month for the next quarterly future.

For example, at 12:00:05 UTC on 25 December 2020, updated weights will be used to calculate the bitcoinpenguin indices. These weights will be announced on 4 December 2020 and will be based on constituent exchange volume data from 00:00 UTC on 1 September 2020 to 00:00 UTC on 1 December 2020. These weights will apply to the bitcoinpenguin “NEXT” indices from 4 December 2020.

The bitcoinpenguin “NEXT” indices (eg. .BXBT_NEXT) will display the hypothetical index prices with the new weights. These index prices will line up with the normal index prices once the announced weights are live (ie .BXBT_NEXT and .BXBT will have the same price). “NEXT” indices are not used for valuation or settlement, they are used to display hypothetical index prices with new weights before implementation.

bitcoinpenguin “NEXT” Index Weights, assuming no constituent exchanges have been excluded due to Index Protection Rules, last updated on 4 March 2022. For current weights incorporating any exclusions refer to the relevant Composite Index Breakdown.

These “NEXT” index weights are computed using three months of constituent exchange volume data from 00:00 UTC on 1 December 2021 to 00:00 UTC on 1 March 2022.

USD Index Family - NEXT

Binance Binance US Bitfinex Bitstamp Coinbase Cryptodotcom FTX Gateio Gemini Huobi Kraken Kucoin OKEx
.BXBT_NEXT - - 13.60% 5.13% 40.38% - 29.98% - 3.27% - 7.64% - -
.BETH_NEXT - 2.72% 7.56% 3.94% 42.08% - 32.12% - 3.37% - 8.21% - -
.BXRP_NEXT ⤇59.88% - - 4.85% - - 7.40% - - ⤇11.79% - ⤇7.98% ⤇8.10%
.BBCH_NEXT - 4.55% - 10.00% 53.51% - 21.54% - 5.01% - 5.39% - -
.BLTC_NEXT - 3.48% 11.57% 3.79% 48.06% - 21.34% - 4.38% - 7.38% - -
.BADA_NEXT ⤇45.78% 4.73% - - 27.87% - - - - ⤇6.17% 3.43% - ⤇12.02%
.BAVAX_NEXT ⤇53.35% - - - 16.32% - - - - ⤇5.40% - - ⤇24.93%
.BAXS_NEXT ⤇49.82% - - - 7.18% - 4.71% - - ⤇6.95% - - ⤇31.34%
.BBNB_NEXT ⤇88.17% 2.64% - - - - 9.19% - - - - - -
.BDOGE_NEXT ⤇42.02% - - - 13.54% - 5.74% - - ⤇8.18% - - ⤇30.52%
.BDOT_NEXT ⤇49.72% - - - 12.78% - - - - ⤇7.53% 3.59% - ⤇26.38%
.BEOS_NEXT ⤇48.48% - - - 6.42% ⤇7.13% - ⤇5.77% - ⤇19.86% - - ⤇12.34%
.BGMT_NEXT ⤇16.67% - - - 16.67% - 16.67% ⤇16.66% - ⤇16.67% - - ⤇16.66%
.BLINK_NEXT ⤇41.15% - - - 23.92% - 5.06% - - ⤇7.84% 2.82% - ⤇19.21%
.BLUNA_NEXT ⤇44.85% - 6.92% - - - - - - ⤇9.62% - ⤇14.77% ⤇23.84%
.BSOL_NEXT ⤇32.75% 2.63% - - 23.07% - 17.80% - - ⤇5.64% - - ⤇18.11%
.BUSDT_NEXT - 3.44% 12.75% - 18.91% - 28.14% - - - 36.76% - -
⤇ Requires Conversion Index

USDT Index Family - NEXT

Binance Binance US Bitfinex Bitstamp Coinbase Cryptodotcom FTX Gateio Huobi Kraken Kucoin OKEx
.BXBTT_NEXT 38.22% - ⤇5.20% - ⤇17.59% - ⤇15.21% - 9.87% ⤇2.96% - 10.95%
.BETHT_NEXT 38.19% - ⤇3.13% - ⤇19.19% - ⤇16.25% - 9.90% ⤇3.38% - 9.96%
.BXRPT_NEXT 59.88% - - ⤇4.85% - - ⤇7.40% - 11.79% - 7.98% 8.10%
.BBCHT_NEXT 30.07% - - - ⤇10.05% 7.83% ⤇4.41% - 13.61% - - 34.03%
.BLTCT_NEXT 34.41% - ⤇4.33% - ⤇19.57% - ⤇11.35% - 11.00% ⤇2.76% - 16.58%
.BAAVET_NEXT 34.62% - - - ⤇15.32% - ⤇6.25% - 10.90% - - 32.91%
.BADAT_NEXT 45.78% ⤇4.73% - - ⤇27.87% - - - 6.17% ⤇3.43% - 12.02%
.BALGOT_NEXT 34.79% ⤇3.30% - - ⤇26.47% - - - 9.82% - - 25.62%
.BAPET_NEXT 16.67% - - - ⤇16.67% - ⤇16.67% - 16.66% ⤇16.66% - 16.67%
.BATOMT_NEXT 44.16% - - - ⤇10.59% - - - 7.01% - 8.48% 29.76%
.BAVAXT_NEXT 53.35% - - - ⤇16.32% - - - 5.40% - - 24.93%
.BAXST_NEXT 49.82% - - - ⤇7.18% - ⤇4.71% - 6.95% - - 31.34%
.BBATT_NEXT 47.05% ⤇2.84% - - ⤇13.08% - - - 6.46% - - 30.57%
.BBNBT_NEXT 88.17% ⤇2.64% - - - - ⤇9.19% - - - - -
.BBTTT_NEXT 22.22% - - - - - - - 27.17% - - 50.61%
.BCHZT_NEXT 58.29% - - - - - - - 11.54% - - 30.17%
.BCOMPT_NEXT 30.95% ⤇3.28% - - ⤇20.32% - ⤇4.64% - 9.67% - - 31.14%
.BDENTT_NEXT 96.00% - - - - - ⤇4.00% - - - - -
.BDOGET_NEXT 42.02% - - - ⤇13.54% - ⤇5.74% - 8.18% - - 30.52%
.BDOTT_NEXT 49.72% - - - ⤇12.78% - - - 7.53% ⤇3.59% - 26.38%
.BDYDXT_NEXT 57.05% - - - - - ⤇9.06% - 6.68% - - 27.21%
.BENJT_NEXT 50.64% ⤇4.41% - - ⤇16.63% - - - 10.58% - - 17.74%
.BEOST_NEXT 48.48% - - - ⤇6.42% 7.13% - 5.77% 19.86% - - 12.34%
.BFILT_NEXT 49.55% - - - ⤇8.04% - - - 16.11% - - 26.30%
.BFTMT_NEXT 56.47% - - - - - ⤇5.47% - - - 10.80% 27.26%
.BFTTT_NEXT 31.50% - - - - - ⤇60.35% - 8.15% - - -
.BGMTT_NEXT 16.67% - - - ⤇16.67% - ⤇16.67% 16.66% 16.67% - - 16.66%
.BGRTT_NEXT 41.82% - - - ⤇20.05% - - - 6.08% - - 32.05%
.BICPT_NEXT 50.95% - - - ⤇25.81% - - - 7.22% - - 16.02%
.BKSMT_NEXT 40.90% - - - - - - - 7.85% ⤇5.84% 7.04% 38.37%
.BLINKT_NEXT 41.15% - - - ⤇23.92% - ⤇5.06% - 7.84% ⤇2.82% - 19.21%
.BLRCT_NEXT 43.09% - - - ⤇27.45% - - - 3.35% - - 26.11%
.BLUNAT_NEXT 44.85% - ⤇6.92% - - - - - 9.62% - 14.77% 23.84%
.BMANAT_NEXT 56.48% ⤇4.92% - - ⤇23.99% - - - 6.91% - - 7.70%
.BMATICT_NEXT 40.13% ⤇5.01% - - ⤇22.00% - ⤇6.20% - 5.39% - - 21.27%
.BMKRT_NEXT 29.15% ⤇6.22% - - ⤇32.88% - ⤇6.56% - 2.57% - - 22.62%
.BNEOT_NEXT 53.83% ⤇2.64% - - - - - - 4.87% - - 38.66%
.BOMGT_NEXT 44.19% - - - ⤇7.41% - ⤇4.89% - 5.71% - - 37.80%
.BQTUMT_NEXT 46.46% - - - - - - - 6.73% - - 46.81%
.BRUNET_NEXT 74.28% - - - - - ⤇15.34% - - - 10.38% -
.BSANDT_NEXT 77.17% - - - - - - - 7.50% - - 15.33%
.BSHIBT_NEXT 69.74% - - - - - - - 12.70% - - 17.56%
.BSNXT_NEXT 40.12% - - - ⤇13.59% - ⤇2.74% - 8.27% - - 35.28%
.BSOLT_NEXT 32.75% ⤇2.63% - - ⤇23.07% - ⤇17.80% - 5.64% - - 18.11%
.BSRMT_NEXT 35.37% - - - - - ⤇32.60% - 4.75% - - 27.28%
.BSUSHIT_NEXT 39.47% - - - ⤇10.98% - ⤇10.28% 7.26% 7.84% - - 24.17%
.BTHETAT_NEXT 54.37% - - - - - - - 3.72% - - 41.91%
.BTRXT_NEXT 40.89% - - - - - - - 16.95% - - 42.16%
.BUNIT_NEXT 32.20% - - - ⤇14.92% - ⤇5.35% 6.53% 13.68% - - 27.32%
.BVETT_NEXT 59.54% ⤇9.93% - - - 18.28% - - 4.74% - 7.51% -
.BXLMT_NEXT 29.99% - - ⤇2.88% ⤇31.29% - - - 7.53% - 7.35% 20.96%
.BXTZT_NEXT 34.90% ⤇3.95% ⤇3.65% - ⤇21.29% - - - 7.06% ⤇4.38% - 24.77%
.BYFIT_NEXT 38.01% - - - ⤇24.53% - ⤇8.84% - 4.41% - - 24.21%
⤇ Requires Conversion Index

XBT Index Family - NEXT

Binance Bitfinex Bitstamp Coinbase Cryptodotcom FTX Huobi Kraken OKEx Poloniex
.BETHXBT_NEXT 56.25% - - 8.79% 12.98% 6.80% 7.19% 3.53% 4.46% -
.BXRPXBT_NEXT 56.44% - - - 16.59% - 18.93% - 8.04% -
.BADAXBT_NEXT 61.89% - - 8.34% 12.88% - 7.25% - 9.64% -
.BBCHXBT_NEXT 43.92% - - 13.56% - - 20.13% - 22.39% -
.BEOSXBT_NEXT 36.86% 11.85% - 3.73% - - 30.53% - 17.03% -
.BLTCXBT_NEXT 51.03% 7.73% 4.33% 11.27% - - 6.85% - 14.68% 4.11%
.BTRXXBT_NEXT 38.96% - - - - - 29.31% - 28.61% 3.12%

EUR Index Family - NEXT

Bitfinex Bitstamp Coinbase Kraken
.BXBTEUR_NEXT 10.25% 18.19% 29.10% 42.46%

The next update for bitcoinpenguin “NEXT” index weights will be on 3 June 2022.

Example Index Calculation for .BXBT_NEXT

On 2 February 2020 at 00:00 UTC the Last Prices on the constituent exchanges were:

Bitstamp Bittrex Coinbase Gemini Itbit Kraken
Last Price 9377.17 9384.336 9380.18 9380.6 9378 9377.1

These Last Prices are multiplied by the weights to give

Bitstamp Bittrex Coinbase Gemini Itbit Kraken
Last Price 9377.17 9384.336 9380.18 9380.6 9378 9377.1
Weight 10.61% 2.53% 52.30% 6.89% 4.21% 23.46%
Last Price x Weight 994.918 237.424 4905.834 646.323 394.814 2199.868

The sum of Last Price x Weight across all constituents was 9379.181. The sum of Weights across all constituents was 100%.

So the .BXBT_NEXT price was 9379.181 / (100%) = 9379.18 (rounded to nearest USD cent).

Index Calculation Methodology

bitcoinpenguin index is calculated as a weighted average of the Last Price for each constituent exchange. Index prices are calculated and published every 5 seconds. For indices with constituent(s) that require a Conversion Index, the Last Price for the constituent is calculated by taking the product or quotient of the Source Price and the Conversion Index Price, depending on the denominators of the index and the source.

Example index calculation with Conversion Index

The following .BADAT example is for illustration purpose only:

Binance (ADAUSDT) Huobi (ADAUSDT) Kraken (ADAUSD)
Source Price 0.170990 0.171003 0.170913
Conversion Index Not Required Not Required .BUSDT
Conversion Index Price Not Required Not Required 1.00072
Conversion Factor 1 1 1.00072
Last Price = Source Price / Conversion Factor 0.170990 0.171003 0.170790
Weight 72.26% 24.66% 3.08%

So the .BADAT price will be (0.170990 x 72.26%) + (0.171003 x 24.66%) + (0.170790 x 3.08%) = 0.170987.

Index Weight Methodology

The bitcoinpenguin index weights are computed using volume data obtained directly via API connection from each of the constituent exchanges listed above. Proprietary mechanisms are used to identify malformed and anomalous data, which is discarded. The index weight calculation removes constituents with insufficient trade volume. For the avoidance of doubt, and in accordance with bitcoinpenguin Terms of Service, HDR Global Trading Limited (operator of the bitcoinpenguin trading platform) accepts no responsibility for the accuracy of any volume (or other) data received from any exchange and used to calculate the value of any bitcoinpenguin index and excludes all liability for any claimed losses arising in connection with its calculation and publication of any such index.

For further information see the individual index and index weights pages, linked in the tables above.

Index Protection Rules

bitcoinpenguin uses several methods to maintain reliable connections to the constituent exchanges. As a fallback the following tests and actions are used:

1 If a constituent exchange is unresponsive, the previous price is used.

2 If a constituent exchange’s price is unchanged for 15 minutes, the constituent is removed from the index until it is operational.

3 (a) For indices with 3 or more constituents: if a constituent price differs from the median constituent price for that index by 10% or more, it is excluded from the index calculation.

3 (b) For indices with only 2 constituents: if a constituent price differs from the median constituent price for that index by 5% or more, the last calculated index price will be used. The index is updated once its price differs from the median by less than 5%.

3 (c) For an index with only 1 constituent: if the constituent price is 10% away from the last calculated index price, the last calculated index price will be used. The index is updated once the constituent price differs from the last calculated index price by less than 10%.

4 Excluded constituents are added back to their indices when one of the following conditions has been met for a continuous 15 minute period.

4 (a) For indices with 1 or more remaining active constituents, excluding the use of last calculated index price in 3 (c) above, the excluded constituent is within 2% of the median of the remaining active constituents’ prices;

4 (b) For indices with 1 remaining active constituent, using last calculated index price per 3 (c) above, or no remaining active constituents, the excluded constituent is within 10% of the index price.