# Turkey premium

Every minute we read the public order books of BtcTurk, Bitlo, CoinTR, OKX TR, Binance TR, Bybit TR, KuCoin TR (USDT pairs only) and Bitexen, validate each one and publish five reference prices as the median of the eligible books: BTC-TRY, ETH-TRY, USDT-TRY, BTC-USDT and ETH-USDT. The Turkey premium is the gap between the lira price and the global price once USDT/TRY is taken out; the lira dollar premium is USDT/TRY against the ECB reference rate. The Turkey Premium Index puts that gap on one line: what a lira buyer pays against the global dollar price at the official rate, with a 0 to 100 score.

Source: https://bykaranteli.com/turkey-premium · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-11-02T17:34:05.004Z.

Coverage: Venues contributing: 7 of 8 · all fresh · as of 17:34 UTC.

Official USD/TRY reference: 49.9680 (2026-11-02); method 2026-09-17.2.

| Pair | Reference price | Status | Venues eligible / observed | Premium (bps) | Turkey Premium Index (bps) | Score (0-100) | Regime |
| --- | ---: | --- | --- | ---: | ---: | ---: | --- |
| BTC-TRY | 3843990.5 | OK | 6 / 6 | -3.0 | -20.1 | 42 | neutral |
| ETH-TRY | 112446.5 | OK | 6 / 6 | -4.6 | -21.7 | 41.3 | neutral |
| USDT-TRY | 49.8825 | OK | 5 / 7 | -17.1 | -17.1 | 43.2 | neutral |
| BTC-USDT | 77089.5 | OK | 5 / 5 | 0.7 | n/a | n/a | n/a |
| ETH-USDT | 2255.365 | OK | 5 / 5 | 0.5 | n/a | n/a | n/a |

BTC-TRY order books per venue:

| Venue | Status | Mid (TRY) | Spread (bps) | In the median |
| --- | --- | ---: | ---: | --- |
| BtcTurk | OK | 3843561 | 1.4 | yes |
| Bitlo | OK | 3844420 | 7.8 | yes |
| CoinTR | OK | 3848755.5 | 26.5 | yes |
| OKX TR | OK | 3844908.5 | 15.5 | yes |
| Binance TR | OK | 3839492.5 | 0.0 | yes |
| Bybit TR | OK | 3839940 | 0.0 | yes |

## Related

- https://bykaranteli.com/premium
- https://bykaranteli.com/venues
- https://bykaranteli.com/data
- https://bykaranteli.com/developers

Everything in one fetch: https://bykaranteli.com/llms-full.txt