Ethereum: Websocket “base asset volume” does not match Binance candlestick charts.

Ethereum: WebSocket “Base Asset Volume” Mismatch with Binance Candlestick Charts

As an Ethereum enthusiast, it’s not uncommon to encounter discrepancies between different data sources. One such issue that has been plaguing users of both Binance and other cryptocurrency exchanges is a mismatch between the “Base Asset Volume” reported on Websocket exchanges like Coinbase and the live candlestick charts displayed on Binance.

In this article, we’ll delve into the reasons behind this discrepancy and provide guidance on how to resolve it.

The Issue:

The problem arises when comparing the volume data from Binance WebSocket API to its live candlestick chart. According to the data, the “Base Asset Volume” (BAA) is reported as 18502 on Coinbase’s Websocket endpoint. However, this value is not reflected in the live candlestick charts displayed on Binance.

Why the Mismatch?

Several factors contribute to this discrepancy:

  • Timeframe:

    The Binance WebSocket API typically provides data for a shorter timeframe (e.g., 5-minute interval) than the live candlestick chart. This means that the volume data reported on Websocket might not accurately reflect the current market conditions.

  • Data Sampling: Exchanges like Coinbase may use various data sampling techniques to reduce latency and improve performance. These methods can lead to a mismatch between reported data and actual chart values.

  • Chart Rendering:

    Binance’s live candlestick charts are rendered dynamically, using real-time data from the API. This process might not always accurately reflect the current market conditions, especially if the volume data is not up-to-date.

Resolving the Mismatch:

To resolve this discrepancy, follow these steps:

  • Check your WebSocket endpoint: Ensure that you’re using the correct Websocket endpoint for Ethereum (e.g., wss://api.binance.com/spot/v5/products/basket) and that it’s set to return the “Base Asset Volume” data.

  • Use a more recent timeframe: Switch to a newer timeframe, such as 15-minute intervals or even 1-hour intervals, which might provide more accurate volume data for Binance.

  • Enable data sampling: If possible, enable data sampling on Coinbase’s Websocket endpoint. This can help reduce latency and improve performance.

  • Monitor chart refresh interval: Adjust the chart refresh interval on Binance to a value that matches your WebSocket endpoint’s timeframe. For example, if you’re using 5-minute intervals, adjust the chart refresh interval to 1 minute or less.

By following these steps, you should be able to resolve the discrepancy and get a more accurate representation of the “Base Asset Volume” reported on Binance Websocket exchanges.

Conclusion:

The mismatch between Binance’s live candlestick charts and Websocket “Base Asset Volume” data is an issue that can be resolved with some basic troubleshooting steps. By understanding the reasons behind this discrepancy and applying these solutions, you should be able to get a more accurate representation of Ethereum’s market conditions on both exchanges.

Leave A Reply