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 textual content back in September and sent it to technical help before the cryptocurrency market crash (earlier than October 10th), however I nonetheless haven't acquired a response. Subsequently, the token costs within the first a part of this textual content are larger than they are now (and the screenshots have been also taken earlier than October 10th), but within the second part of the textual content, I present the current token costs as of October 29th. Nevertheless, this isn't crucial, as you'll be able to understand the issue from the previous prices and previous screenshots.

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

FIRST a part of the text.

There's one drawback on Binance - some cryptocurrencies (tokens) on futures are missing another digit (signal) after the decimal point (or interval). 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 textual content was created and the date you read the text). Or GTC in 2021 was value $26,751 and now it is $Zero,349. And because the worth has fallen sharply, the spread in proportion between the purchase and sale costs has elevated significantly. Trading futures is turning into unprofitable. Additionally, the token chart becomes very jagged and uneven, troublesome to visually perceive. Further, I converted the text into the screenshot, because it is unimaginable to create a evaluation about the problem with greater than 1000 characters.

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

Because there are too many tokens on Binance, and the worth can fall tens of occasions, Binance admins might merely not be capable of maintain monitor of all of the tokens, so I wrote this text.

Within the screenshots, I gave an example of several tokens, the place you possibly can see the difference within 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 solely three decimal places, so the chart is jagged and arduous to perceive. The worth unfold 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 0.03%. But on Bybit, there are already 4 decimal places, so the chart appears a lot better and clearer, as well as a small spread between shopping for and promoting. Trading becomes extra worthwhile and predictable for odd customers.

The second screenshot exhibits an instance for GTC. The worth of GTC on Binance is $0,349 - that is, we see three digits (signs) after the decimal level. However on Bybit there are already four digits after the decimal level - $Zero,3483 and subsequently the chart seems to be a lot better. Also, at the backside 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 Zero.03% - that is rather more profitable for trading, especially for atypical users.

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

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

SECOND part of the text.

Now, after October 10th, costs have fallen even lower, so the spread has widened even additional and trading has turn out to be even worse. For example, the spread on the FLOW token is at present Zero.37%, whereas on the GTC token it's a whopping 0.51%. That is incredibly excessive for futures buying and selling.

Under is an inventory of tokens for which it is mandatory so as to add another digit (signal) after the decimal point.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The tokens that will probably be written under still have four digits after the decimal level, however are already shut to 3 digits in case of additional worth discount. Also, for a lot of of them, the spread is Zero.07-Zero.08% as an alternative of Zero.01-0.02%, so it is advisable to add yet one more digit (signal) after the decimal level to those tokens now.

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

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

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

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

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

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

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

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

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

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