It is necessary to add one digit (sign) after the decimal point to reduce the spread in futures trading.

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https://preview.redd.it/rqf894pkezxf1.png?2952&format=png&auto=webp&s=06d75e7dfaacd99d25089506ca86e280d96edaf1

Consideration!!! – I wrote this text back in September and despatched it to technical help before the cryptocurrency market crash (before October 10th), but I nonetheless haven't acquired a response. Subsequently, the token prices in the first a part of this text are greater than they're now (and the screenshots have been additionally taken earlier than October 10th), but in the second part of the text, I present the present token costs as of October 29th. Nevertheless, this isn't crucial, as you possibly can understand the problem from the previous prices and previous screenshots.

I repeat – the costs in the first part of the text (and the screenshots) have been taken earlier than October 10th, so they're larger than they're now. Nevertheless, within the second a part of the check, the costs are current at the current time – October 29th.

FIRST part of the text.

There's one drawback on Binance - some cryptocurrencies (tokens) on futures are lacking yet one more digit (sign) after the decimal level (or interval). This happened as a result of the worth of some tokens fell sharply. For example, FLOW in 2022 was value $7,759 and now it is $Zero,415 (the worth might change between the date the textual content was created and the date you read the textual content). Or GTC in 2021 was value $26,751 and now it is $Zero,349. And since the worth has fallen sharply, the spread in proportion between the acquisition and sale costs has increased enormously. Trading futures is turning into unprofitable. Also, the token chart becomes very jagged and uneven, troublesome to visually perceive. Further, I transformed the textual content into the screenshot, as a result of it's unimaginable to create a evaluate about the issue with more than 1000 characters.

To scale back the unfold between the purchase and sale prices and enhance the readability of the chart, you could add one other digit (signal) after the decimal level. That's, the FLOW worth should not be $ Zero,415 but ought to be $ Zero,4151. That's, it ought to be 0,415(+ 1). The same is true for the GTC token. Now on Binance, GTC is value $ 0,349 and it ought to be $ Zero,3491, that is, it must be Zero,349(+ 1)

As a result of there are too many tokens on Binance, and the worth can fall tens of occasions, Binance admins might simply not have the ability to maintain monitor of all of the tokens, so I wrote this textual content.

In the screenshots, I gave an example of a number of tokens, where you'll be able to see the distinction in the charts (used Tradingview) and the unfold between the worth on the Binance and Bybit exchanges. For example, within the first screenshot of FLOW on Binance, there are solely three decimal places, so the chart is jagged and exhausting to understand. The worth unfold could be very giant, reaching 0.25% - this can be a lot (lower a part of the screenshot). The traditional unfold is from Zero.01% to 0.03%. But on Bybit, there are already 4 decimal places, so the chart seems to be a lot better and clearer, in addition to a small unfold between shopping for and promoting. Trading becomes extra profitable and predictable for strange users.

The second screenshot exhibits an instance for GTC. The worth of GTC on Binance is $0,349 - that is, we see 3 digits (signs) after the decimal level. However on Bybit there are already 4 digits after the decimal level - $Zero,3483 and subsequently the chart seems to be a lot better. Also, on the bottom of the screenshot, you possibly can see that on Binance the spread is Zero.29% (which is rather a lot), while on Bybit the unfold is simply 0.03% - this is rather more worthwhile for buying and selling, particularly for odd customers.

And the third screenshot exhibits an instance of the CRV worth, where additionally it is very clear that yet one more digit after the decimal point is lacking. Now the worth on Binance is $0,779, however it must be $Zero,7791, that is, it must be 0,779(+1).

Thus, we will conclude that some tokens want so as to add another digit (signal) after the decimal point (dot) to their worth, which can scale back the worth unfold and make the chart rather more visually readable.

SECOND a part of the textual content.

Now, after October 10th, prices have fallen even lower, so the unfold has widened even further and trading has turn out to be even worse. For instance, the spread on the FLOW token is presently 0.37%, while on the GTC token it's a whopping Zero.51%. That is incredibly high for futures buying and selling.

Under is an inventory of tokens for which it is needed so as to add another digit (sign) after the decimal level.

FLOW – the worth is now $Zero,267, however it ought to be $Zero,2671. That is, it must be Zero,267(+1)

GTC – the worth is now $Zero,197, nevertheless it ought to be $Zero,1971. That is, it must be 0,197(+1)

CRV – the worth is now $Zero,534, nevertheless it ought to be $Zero,5341. That is, it must be Zero,534(+1)

XTZ – the worth is now $Zero,590, nevertheless it must be $Zero,5901. That's, it must be Zero,590(+1)

SNX – the worth is now $1,103, however it must be $1,1031. That is, it must be 1,103(+1)

UMA – the worth is now $1,125, however it ought to be $1,1251. That's, it ought to be 1,125(+1)

RUNE – now the worth is $0,862, however it must be $Zero,8621. That is, it ought to be Zero,862(+1)

DYDX – now the worth is $Zero,324, however it ought to be $0,3241. That's, it ought to be Zero,324(+1)

ALICE– now the worth is $Zero,301, however it must be $0,3011. That is, it ought to be Zero,301(+1)

CELO – now the worth is $Zero,249, nevertheless it must be $Zero,2491. That is, it must be 0,249(+1)

CTSI – now the worth is $0,0507, nevertheless it ought to be $0,05071. That's, it ought to be 0,0507(+1)

OGN – the worth is now $Zero,0471, nevertheless it ought to be $Zero,04711. That's, it must be Zero,0471(+1)

C98 – the worth is now $Zero,0365, nevertheless it must be $0,03651. That is, it must be Zero,0365(+1)

ATA – the worth is now $Zero,0275, nevertheless it ought to be $0,02751. That's, it ought to be Zero,0275(+1)

FLM – the worth is now $0,0274, nevertheless it must be $Zero,02741. That's, it must be Zero,0274(+1)

ONT – the worth is now $Zero,0884, however it ought to be $Zero,08841. That is, it must be Zero,0884(+1)

ICX – the worth is now $0,0876, however it must be $0,08761. That's, it ought to be Zero,0876(+1)

CHR – the worth is now $0,0757, nevertheless it ought to be $0,07571. That's, it must be Zero,0757(+1)

ZLJ – the worth is now $Zero,0669, however it must be $0,06691. That is, it must be 0,0669(+1)

COOKIE – the worth is now $Zero,0910, however it ought to be $Zero,09101. That is, it ought to be Zero,0910(+1)

GPS – now the worth is 0,00798 $, however it must be Zero,007981 $. That is, it must be Zero,00798(+1)

CELR – now the worth is $Zero,00568, however it ought to be $0,005681. That's, it must be 0,00568(+1)

ONE – now the worth is $Zero,00645, nevertheless it must be $0,006451. That's, it ought to be 0,00645(+1)

ANIME – now the worth is $0,00946, nevertheless it ought to be $Zero,009461. That's, it must be 0,00946(+1)

HOT – now the worth is $Zero,000645, nevertheless it must be $Zero,0006451. That's, it must be Zero,000645(+1)

DENT – now the worth is $Zero,000449, nevertheless it ought to be $Zero,0004491. That is, it must be 0,000449(+1)

NOT – now the worth is $0,000793, however it ought to be $0,0007931. That's, it ought to be 0,000793(+1)

1000SATS – now the worth is $Zero,0000232, however it must be $Zero,00002321. That is, it must be Zero,0000232(+1)

1000WHY – now the worth is 0,0000247 $, and it must be 0,00002471 $. That is, it must be Zero,0000247(+1)

DOGS – now the worth is Zero,0000559 $, and it ought to be Zero,00005591 $. That is, it must be Zero,0000559(+1)

The tokens that will probably be written under still have four digits after the decimal point, however are already shut to 3 digits in case of additional worth discount. Additionally, for many of them, the unfold is Zero.07-0.08% as an alternative of 0.01-Zero.02%, so it's advisable so as to add another digit (sign) after the decimal point to those tokens now.

ALGO – the worth is now $0,1832, however it ought to be $Zero,18321. That's, it must be Zero,1832(+1)

BAT – the worth is now $Zero,1677, nevertheless it must be $0,16771. That's, it must be 0,1677(+1)

YGG – the worth is now $0,1293, however it must be $0,12931. That is, it must be Zero,1293(+1)

WLFI – the worth is now $Zero,1442, nevertheless it must be $Zero,14421. That is, it must be 0,1442(+1)

LINEA – the worth is now $0,1361, nevertheless it must be $Zero,13611. That is, it ought to be Zero,1361(+1)

SONIC – the worth is now $Zero,1377, nevertheless it ought to be $0,13771. That's, it must be Zero,1377(+1)

EDU – the worth is now $0,1804, however it must be $Zero,18041. That's, it must be 0,1804(+1)

SHELL – the worth is now $0,1188, nevertheless it ought to be $Zero,11881. That is, it ought to be 0,1188(+1)

MELANIA – the worth is now $Zero,1223, nevertheless it ought to be $Zero,12231. That is, it must be 0,1223(+1)

ARC – the worth is now $0,01358, nevertheless it ought to be $0,013581. That is, it ought to be Zero,01358(+1)