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 text back in September and despatched it to technical help earlier than the cryptocurrency market crash (earlier than October 10th), however I nonetheless haven't acquired a response. Subsequently, the token costs in the first a part of this text are greater than they are now (and the screenshots have been additionally taken earlier than October 10th), but within the second 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 prices and previous screenshots.

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

FIRST 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 period). 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 textual content was created and the date you read the textual content). Or GTC in 2021 was value $26,751 and now it's $Zero,349. And since the worth has fallen sharply, the unfold in proportion between the purchase and sale prices has increased drastically. Trading futures is turning into unprofitable. Also, 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 issue with greater than 1000 characters.

To scale back the spread between the acquisition and sale prices and improve the readability of the chart, you could add one other digit (sign) after the decimal point. That is, the FLOW worth should not be $ 0,415 but ought to be $ Zero,4151. That's, it must be 0,415(+ 1). The identical is true for the GTC token. Now on Binance, GTC is value $ Zero,349 and it ought to 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 simply not be capable of hold 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 instance, in the first screenshot of FLOW on Binance, there are only three decimal locations, so the chart is jagged and onerous to perceive. The worth unfold could be very giant, reaching 0.25% - this can be a lot (decrease a part of the screenshot). The traditional unfold is from 0.01% to 0.03%. But on Bybit, there are already 4 decimal locations, so the chart seems to be a lot better and clearer, in addition to a small spread between buying and selling. Trading becomes more profitable and predictable for unusual customers.

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 point - $0,3483 and subsequently the chart seems a lot better. Additionally, at the backside of the screenshot, you possibly can see that on Binance the spread is 0.29% (which is quite a bit), while on Bybit the unfold is simply 0.03% - this is far more worthwhile for buying and selling, especially for peculiar users.

And the third screenshot exhibits an example of the CRV worth, where additionally it is very clear that another digit after the decimal level is missing. Now the worth on Binance is $Zero,779, nevertheless it must be $Zero,7791, that's, it ought to be 0,779(+1).

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

SECOND part of the textual content.

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

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

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

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

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

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

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

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

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

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

ALICE– now the worth is $Zero,301, however it must be $Zero,3011. That's, it ought to be 0,301(+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 $Zero,05071. That's, it ought to be Zero,0507(+1)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The tokens that might be written under nonetheless have 4 digits after the decimal level, but are already shut to 3 digits in case of additional worth discount. Also, for many of them, the unfold is 0.07-0.08% as an alternative of 0.01-0.02%, so it is advisable to add yet one more digit (signal) after the decimal point to those tokens now.

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

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

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

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

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

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

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

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

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