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 sent it to technical help before the cryptocurrency market crash (earlier than October 10th), but I still haven't acquired a response. Subsequently, the token prices in the first a part of this textual content are greater than they are now (and the screenshots have been additionally taken before October 10th), but in the second part of the text, I provide the present token costs as of October 29th. Nevertheless, this isn't essential, 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 are now. Nevertheless, within the second part of the check, the costs are present at the current time – October 29th.

FIRST a part of the textual content.

There's one drawback on Binance - some cryptocurrencies (tokens) on futures are lacking yet one more digit (sign) after the decimal level (or period). This happened as a result of the worth of some tokens fell sharply. For instance, FLOW in 2022 was value $7,759 and now it's $0,415 (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's $0,349. And because the worth has fallen sharply, the spread in proportion between the purchase and sale costs has increased drastically. Buying and selling futures is turning into unprofitable. Also, the token chart turns into very jagged and uneven, troublesome to visually perceive. Additional, I transformed the textual content into the screenshot, as a result of it's inconceivable to create a assessment about the problem with greater than 1000 characters.

To scale back the unfold between the purchase and sale prices and enhance the readability of the chart, you should add one other digit (sign) after the decimal point. That's, the FLOW worth should not be $ 0,415 but ought to be $ 0,4151. That's, it ought to be Zero,415(+ 1). The identical is true for the GTC token. Now on Binance, GTC is value $ Zero,349 and it must be $ 0,3491, 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 be capable of maintain monitor of all of the tokens, so I wrote this textual content.

In the screenshots, I gave an example of several tokens, where you'll be able to see the distinction in the charts (used Tradingview) and the spread between the worth on the Binance and Bybit exchanges. For example, in the first screenshot of FLOW on Binance, there are only three decimal places, so the chart is jagged and onerous to understand. The worth spread could be very giant, reaching 0.25% - this can be a lot (decrease part of the screenshot). The traditional spread is from Zero.01% to 0.03%. But on Bybit, there are already four decimal locations, so the chart seems to be a lot better and clearer, in addition to a small spread between buying and selling. Trading turns into extra worthwhile and predictable for strange customers.

The second screenshot exhibits an instance for GTC. The worth of GTC on Binance is $Zero,349 - that's, 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 backside of the screenshot, you possibly can see that on Binance the spread is 0.29% (which is lots), while on Bybit the unfold is simply Zero.03% - that is rather more worthwhile for buying and selling, especially for abnormal users.

And the third screenshot exhibits an instance of the CRV worth, the place it's also very clear that yet one more digit after the decimal point is missing. Now the worth on Binance is $0,779, nevertheless it ought to be $0,7791, that is, it must be Zero,779(+1).

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

SECOND a part of the textual content.

Now, after October 10th, costs have fallen even lower, so the spread has widened even further and buying and selling has turn out to be even worse. For instance, the unfold on the FLOW token is presently 0.37%, while on the GTC token it's a whopping 0.51%. This is incredibly high for futures buying and selling.

Under is an inventory of tokens for which it's vital to add one other digit (sign) after the decimal point.

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

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

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

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

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

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

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

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

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

CELO – now the worth is $Zero,249, however it must be $Zero,2491. That's, 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 Zero,0507(+1)

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

C98 – the worth is now $0,0365, however it must be $Zero,03651. That's, it ought to be 0,0365(+1)

ATA – the worth is now $Zero,0275, nevertheless it must be $Zero,02751. That is, it must 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 ought to be Zero,0884(+1)

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

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

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

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

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

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

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

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

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

DENT – now the worth is $0,000449, however it must be $Zero,0004491. That's, it must be 0,000449(+1)

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

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

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

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

The tokens that will probably be written under nonetheless have 4 digits after the decimal level, however are already close to 3 digits in case of further worth reduction. Additionally, for many of them, the spread is 0.07-0.08% as an alternative of 0.01-Zero.02%, so it is advisable so as to add another digit (sign) after the decimal point to those tokens now.

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

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

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

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

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

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

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

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

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

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