Ethereum: Websocket “Base Asset Volume” is not matching with binance candle stick charts

Ethereum: WebSocket “Base Asset Volume” Incompact with Binance Candlestick Graphics

As an Ethereum enthusiast, it is not uncommon to find discrepancies between different data sources. One of these problems that has tormented users of binance exchanges and other cryptocurrencies is an incompatibility between the “basic active volume” reported in webSocket exchanges such as coinbase and live candle stops displayed on binance.

In this article, we will delve into the reasons behind this discrepancy and provide guidance on how to solve it.

The question:

The problem comes when comparing Binance Websocket’s API volume data with its live candlestick chart. According to the data, the “Basic Assets Volume” (BAA) is reported as 18502 at the end of the Coinbase WebSocket. However, this value is not reflected in the live candle charts displayed on Binance.

Why incompatibility?

Several factors contribute to this discrepancy:

• Timeframe: API Websocket Binance usually provides data for a shorter period (for example, 5 minutes interval) than the live candle chart. This means that volume data reported on the Websocket may not accurately reflect current market conditions.

• Data Sampling:

  Exchanges such as coinbase can use various data sampling techniques to reduce latency and improve performance. These methods can lead to incompatibility between the reported data and the actual graph values.

• Graph rendering: Binance live candle charts are dynamically rendered using real -time API data. This process does not always accurately reflect current market conditions, especially if volume data is not updated.

Solving the incompatibility:

To solve this discrepancy, follow these steps:

• Check your WebSocket end point: Check if you are using the end of the webSocket for Ethereum (for example, `wss: // api.binance.com/spot/v5/products/cesto ‘ ) and which is defined to return the data from the “Basic Assets Volume”.

• Use a more recent period: Change to a more recent period, such as 15 -minute intervals or even 1 -hour intervals, which can provide more accurate volume data for binance.

• Activate data sampling: If possible, activate data sampling on Coinbase’s WebSocket Endpoint. This can help reduce latency and improve performance.

• Monitor the graph’s update interval: Adjust the graph’s update interval on binance for a value that corresponds to the time of its webSocket end end. For example, if you are using 5 minutes intervals, adjust the graph’s update interval to 1 minute or less.

By following these steps, you can solve the discrepancy and get a more accurate representation of the “basic asset volume” reported in the Binance WebSocket exchanges.

Conclusion:

The incompatibility between Binance’s live candle charts and websocket data “Base Asset Volume” is a problem that can be solved with some basic problem solving steps. Understanding the reasons behind this discrepancy and applying these solutions, you can get a more accurate representation of Ethereum’s market conditions in both exchanges.

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