It is known that small tick size assets are more volatile, and the queues on limit order price are relatively short, so that they are filled mainly based on price-priority. For large tick size, the queues are usually much longer and time priority dominant.
However, I find a future on cryptocurrency demonstrates both properties intermittently. About 70% of time, there are long queues on both sides of the best price and the spread is just one tick. About 30% of time the spread is opened and limit order far from the best prices are easy to fill.
Note that the rebate of limit order of this future is much larger than the tick size. This may be a reason for the large tick size effect, but how to interpret the switching between them? Further is there any idea to develop a market making strategy with consideration of this property?