We need to divide by ##\gamma^2## in order to have ##v^2## isolated: \frac{c^2}{\gamma^2} = c^2 - v^2. If we rearrange this, we get the equation c^2 = \frac{c^2}{\gamma^2} + v^2 which could be written as c^2 = v_{\text{time}}^2 + v_{\text{space}}^2
where ##0 \leq v_{\text{time}} \leq c##. So there's indeed an equation which "shows" the alleged trade-off.
Note that the equation can be derived by dividing the equation for the timelike spacetime interval ##(\Delta s)^2 = (c \Delta \tau)^2= (c\Delta t)^2 - (\Delta x)^2## by ##(\Delta t)^2##. From this, we see that v_{\text{time}} = \frac{c}{\gamma} = \frac{c \Delta \tau}{\Delta t} which I think is what's meant by the informal notion of "the speed through time".
I also haven't seen this explicitly spelled out anywhere. The concept of the "fixed speed through spacetime" originates from Epstein's book "Relativity Visualized" which doesn't contain the formulas. It does contain some numerical examples and special spacetime diagrams which involve proper time instead of coordinate time. The book is carefully argued and he makes the status of the "fixed speed through spacetime" concept clear by calling the chapter where he introduces it "The Myth". The level of the book is elementary; I recommend it to
@runningc.