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 back in September and despatched it to technical help earlier than the cryptocurrency market crash (earlier than October 10th), however I still haven't acquired a response. Subsequently, the token costs 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 within the second part of the textual content, I present the present token costs as of October 29th. Nevertheless, this isn't essential, as you'll be able to perceive the problem from the previous costs and previous screenshots.

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

FIRST a part of the text.

There's one drawback on Binance - some cryptocurrencies (tokens) on futures are lacking another digit (signal) after the decimal point (or period). This happened because the worth of some tokens fell sharply. For instance, 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 text). 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 purchase and sale prices has increased drastically. Buying and selling futures is turning into unprofitable. Also, the token chart becomes very jagged and uneven, troublesome to visually perceive. Additional, I transformed the text into the screenshot, as a result of it is unattainable to create a evaluate about the problem with more than 1000 characters.

To scale back the spread between the acquisition and sale costs and enhance the readability of the chart, it's essential to add another digit (signal) after the decimal point. That's, the FLOW worth should not be $ Zero,415 but ought to be $ Zero,4151. That is, 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 ought to be $ 0,3491, that's, 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 maintain monitor of all of the tokens, so I wrote this text.

Within the screenshots, I gave an example of a number of tokens, where you'll be able to see the difference within 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 only three decimal places, so the chart is jagged and exhausting to perceive. The worth spread could be very giant, reaching 0.25% - this can be a lot (decrease a part of the screenshot). The traditional spread is from 0.01% to Zero.03%. But on Bybit, there are already four decimal places, so the chart appears a lot better and clearer, in addition to a small unfold between shopping for and selling. Trading becomes more worthwhile and predictable for strange users.

The second screenshot exhibits an instance for GTC. The worth of GTC on Binance is $0,349 - that's, we see three digits (indicators) after the decimal point. However on Bybit there are already four digits after the decimal point - $0,3483 and subsequently the chart seems a lot better. Additionally, on the backside of the screenshot, you possibly can see that on Binance the spread is 0.29% (which is rather a lot), whereas on Bybit the unfold is just Zero.03% - that is rather more worthwhile for buying and selling, especially for unusual customers.

And the third screenshot exhibits an example 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 ought to be $0,7791, that's, it must be 0,779(+1).

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

SECOND a part of the text.

Now, after October 10th, prices have fallen even lower, so the spread has widened even additional and trading has develop into even worse. For instance, the unfold on the FLOW token is at present 0.37%, while on the GTC token it's a whopping 0.51%. This is extremely high for futures trading.

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

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

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

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

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

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

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

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

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

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

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

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

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

C98 – the worth is now $Zero,0365, nevertheless it must be $0,03651. 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 $Zero,0274, however it ought to be $Zero,02741. That is, it ought to be 0,0274(+1)

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

ICX – the worth is now $0,0876, nevertheless it ought to 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 $Zero,06691. That is, it must be 0,0669(+1)

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

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

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

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

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

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

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

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

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

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

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

The tokens that will probably be written under nonetheless have 4 digits after the decimal point, but are already close to 3 digits in case of further worth reduction. Also, for many of them, the spread is Zero.07-Zero.08% as an alternative of 0.01-0.02%, so it is advisable to add yet one more digit (sign) after the decimal level to those tokens now.

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

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

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

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

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

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

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

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

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

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