Binance Futures Swap-Spot Basis Label

Note: This script will only work with Binance Futures Symbols

This script calculates the basis between the Binance Future and Binance Spot market for the coin you are currently viewing and paints a label on the chart which displays the percentage difference between future and spot. If the future is trading below the spot market the text will be red indicating backwardation and if the future is trading above spot, it will be green indicating contango. Please note this script will only work on Binance perps against Binance spot. The script will change based on what perp you are looking at, no inputs are required.