Ethereum: Binance Unexpected Percentage Price Error on Certain Symbols

Binance Ethereum Price Error: Root Cause Revealed

As an experienced trader or investor, you are no stranger to navigating the intricacies of the cryptocurrency markets. However, when it comes to the popular exchange Binance, even experienced users can encounter unexpected errors that leave them scratching their heads.

In this article, we will look at a recent issue affecting Ethereum (ETH) traders on Binance, where an error is being reported due to a price data discrepancy. To understand what is happening and how to resolve it, let’s break down the details of the error code, its message, and the specific symptom causing the issue.

The Error Code: Key to the Problem

When you submit an order for Ethereum (ETHUSDT) on Binance, a standard API error is triggered. The error code provided by the exchange is:

• code: -1013

• msg: ‘Filter Error: PERCENT_PRICE’

This code snippet indicates that there is an issue filtering the price data in the percentage column.

Unexpected Behavior

While feeding an average price value into the filter may seem like a straightforward step, there seems to be more to this story. Here are some possible reasons why Binance may be experiencing unexpected errors:

• Incorrect or Outdated Price Feeds: The error may be related to the way Binance fetches its prices from external sources. If these prices are not up-to-date or accurate, they may not match what you expect in your filter.

• Inadequate Filter Logic: The percentage column is a critical component of your price data. However, if there is a problem with how the filter is set up or applied, it may result in unexpected results, including the error code “-1013”.

• Exchange Rate Changes: Exchange rates can fluctuate rapidly and Binance may not update its prices accordingly in real time. This discrepancy in price data may cause your filter to fail.

What to do next

To resolve this issue, you will need to investigate further:

• Check the source of the error: Contact Binance Customer Support for troubleshooting assistance.

• Check the price channels: Make sure that the external sources are reliable and up-to-date.

• Review Filter Logic: Double-check your filter settings to ensure that it is correctly applied and takes into account any necessary adjustments for percentage data.

By taking these steps, you should be able to identify the root cause of this Binance error and resolve the issue with your Ethereum (ETH) trades.

Conclusion

Ethereum price errors can occur even on well-maintained exchanges like Binance. By understanding what might be causing these errors, traders can take proactive measures to prevent them from affecting their trading activities.