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

Attention!!! – I wrote this textual content again in September and despatched it to technical help earlier than the cryptocurrency market crash (earlier than October 10th), but I still haven't acquired a response. Subsequently, the token costs within the first part of this text are greater than they are now (and the screenshots have been also taken before October 10th), however in the second a part of the text, I present the current token prices as of October 29th. Nevertheless, this isn't essential, as you'll be able to perceive the issue from the previous costs and previous screenshots.

I repeat – the prices in the first part of the textual content (and the screenshots) have been taken earlier than October 10th, so they are greater than they're now. Nevertheless, in the second part of the check, the prices are current on the present time – October 29th.

FIRST a part of the textual content.

There's one drawback on Binance - some cryptocurrencies (tokens) on futures are lacking another digit (sign) after the decimal point (or interval). This occurred because 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 text was created and the date you learn the textual content). Or GTC in 2021 was value $26,751 and now it is $0,349. And because the worth has fallen sharply, the unfold in proportion between the acquisition and sale costs has elevated significantly. Buying and selling futures is turning into unprofitable. Also, the token chart turns into very jagged and uneven, troublesome to visually understand. Further, I converted the text into the screenshot, as a result of it's unimaginable to create a evaluation about the issue with more than 1000 characters.

To scale back the unfold between the purchase and sale prices and improve the readability of the chart, it is advisable add one other digit (signal) after the decimal point. That is, the FLOW worth should not be $ Zero,415 but must be $ Zero,4151. That is, it must be 0,415(+ 1). The same is true for the GTC token. Now on Binance, GTC is value $ Zero,349 and it must be $ 0,3491, that is, it ought to 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 merely not have the ability to hold monitor of all of the tokens, so I wrote this textual content.

Within the screenshots, I gave an example of a number of tokens, the place you'll be able to see the difference in the charts (used Tradingview) and the unfold between the worth on the Binance and Bybit exchanges. For instance, in the first screenshot of FLOW on Binance, there are solely three decimal locations, so the chart is jagged and arduous to perceive. The worth spread could be very giant, reaching 0.25% - this can be a lot (decrease part of the screenshot). The traditional unfold is from Zero.01% to Zero.03%. But on Bybit, there are already four decimal locations, so the chart seems to be a lot better and clearer, as well as a small unfold between shopping for and promoting. Trading turns into more profitable and predictable for peculiar users.

The second screenshot exhibits an example for GTC. The worth of GTC on Binance is $Zero,349 - that's, we see 3 digits (signs) after the decimal level. But on Bybit there are already 4 digits after the decimal point - $Zero,3483 and subsequently the chart seems a lot better. Also, at the bottom of the screenshot, you possibly can see that on Binance the unfold is Zero.29% (which is quite a bit), while on Bybit the unfold is just 0.03% - that is far more worthwhile for buying and selling, particularly for unusual users.

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 $Zero,779, however it must be $Zero,7791, that is, it ought to be Zero,779(+1).

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

SECOND part of the text.

Now, after October 10th, prices have fallen even lower, so the unfold has widened even additional and buying and selling has grow to be even worse. For instance, the spread on the FLOW token is presently Zero.37%, whereas on the GTC token it's a whopping 0.51%. This is extremely excessive for futures buying and selling.

Under is an inventory of tokens for which it's crucial to add another digit (signal) after the decimal level.

FLOW – the worth is now $0,267, nevertheless it ought to be $0,2671. That is, it must be 0,267(+1)

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

CRV – the worth is now $0,534, nevertheless it ought to be $Zero,5341. That's, it ought to be Zero,534(+1)

XTZ – the worth is now $0,590, nevertheless it ought to be $0,5901. That's, it must be 0,590(+1)

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

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

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

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

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

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

CTSI – now the worth is $Zero,0507, however it must be $0,05071. That's, it must be 0,0507(+1)

OGN – the worth is now $0,0471, nevertheless it ought to be $Zero,04711. That is, it must be 0,0471(+1)

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

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

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

ONT – the worth is now $0,0884, nevertheless it ought to be $Zero,08841. That is, it ought to be 0,0884(+1)

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

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

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

COOKIE – the worth is now $0,0910, nevertheless it must be $Zero,09101. That's, it ought to be 0,0910(+1)

GPS – now the worth is Zero,00798 $, nevertheless it ought to be Zero,007981 $. That's, it must be 0,00798(+1)

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

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

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

HOT – now the worth is $Zero,000645, however it ought to be $0,0006451. That's, it ought to be 0,000645(+1)

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

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

1000SATS – now the worth is $Zero,0000232, nevertheless it must be $Zero,00002321. That's, it must be 0,0000232(+1)

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

DOGS – now the worth is 0,0000559 $, and it must be Zero,00005591 $. That is, it ought to be 0,0000559(+1)

The tokens that shall be written under still have 4 digits after the decimal level, but are already shut to 3 digits in case of further worth discount. Additionally, for many of them, the unfold is 0.07-Zero.08% as an alternative of Zero.01-0.02%, so it's advisable so as to add yet one more digit (signal) after the decimal level to these tokens now.

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

BAT – the worth is now $Zero,1677, however it ought to be $0,16771. That is, it must be 0,1677(+1)

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

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

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

SONIC – the worth is now $Zero,1377, however it must be $0,13771. That is, it must be Zero,1377(+1)

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

SHELL – the worth is now $Zero,1188, however it must be $Zero,11881. That is, it must be Zero,1188(+1)

MELANIA – the worth is now $0,1223, however it must be $Zero,12231. That's, it must be Zero,1223(+1)

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