Ethereum Price Error on Binance: Finding the Root Cause

As a seasoned trader or investor, you’re no stranger to navigating the complexities of the cryptocurrency markets. However, when it comes to the popular Binance exchange, even seasoned users can encounter unexpected errors that leave them scratching their heads.

In this article, we’ll dive into a recent issue affecting Ethereum (ETH) traders on Binance, where an error is reported due to a mismatch in price data. To understand what’s going on and how to fix it, we’ll break down the error code, its message, and the specific symptom that’s causing the issue.

The Error Code: A Clue to the Problem

When you place 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 failed: PERCENT_PRICE’

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

The unexpected behavior

While passing an average price value to the filter may seem like a simple step, it appears that there is more to the story. Here are a few possible reasons why Binance may be experiencing unexpected errors:

• Incorrect or outdated price feeds: The error may be related to the way Binance retrieves its prices from external sources.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 filtering logic: The percentages column is a critical component of your price data. However, if there is an issue with how the filter is configured or applied, it can lead to unexpected results, including the -1013 error code.

• Exchange rate changes: Exchange rates can fluctuate rapidly, and Binance may not be updating its real-time prices properly. This mismatch in price data can 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 price feeds

  

  : Ensure that external sources are reliable and up-to-date.

• Review filtering logic: Double-check your filter configuration to ensure it is applied correctly and take into account any adjustments needed for percentage data.

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

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 steps to prevent them from impacting their trading activities.

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