Only our second chance on Binance's BTCPAX and Bitfinex's BTCUSD match up since Sunday 9th February. Since the 19th May 2019 we have been monitoring of Binance to Bitfinex with BTCPAX BTCUSD arbitrage spreads, currently there is an available 0.14% return executing this swap as it is currently displaying reliable today, the match is positioned at 5.04 at 11:55 today with a profit of 0.00144697 BTC with every 1 BTC spent. Since we began we have verified a pairing high of 383.3 since the 1st of March 2020. In the last 24 hours the spread reached a high of 24.84 meaning -559.41 decrease from the year high signalling a 95.75% shortening. Binance's BTCPAX to Bitfinex's BTCUSD is placed 63rd out of a possible 223 spreads we track. This spread should not be considered a fanciful change, and not in the same league as Bitstamp ETHBTC to Bitmex ETHH20 and Bitmex ETHUSD to Bitmex ETHH20 which should be investigated.
25th March 2020 11:55:39 UTC - 1 week ago
Binance BTCPAX @ 6535.24000000
Bitfinex BTCUSD @ 6531.20000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00144697 BTC with a 0.14% return
Bitcoin Trade Size
This harvests an income of 0.07524244 BTC when you spend 52 BTC of BTCPAX at Binance at the current price of 6,535.24 and order the twin quantity of 52 BTC of BTCUSD at Bitfinex priced at 6,530.20 providing a $490.88 net gain with the current price of bitcoin set at 6,524 USD. We propose you to look more seriously at this pairing, as it would provide profit when done to the sound of 0.0014470 per one BTC. With everything shown, details confirm points that the gains will be risky making it not worthwhile if you look at exchange and transfer commissions, and, notably when presented with the availability of Bitmex ETHUSD to Bitmex ETHH20 returning 0.02062836 BTC profit per one BTC at this moment.
Disclaimer : We are not financial consultants and all financial transactions are the responsbility of the user, this information provided is only valid at the timestamp of 25th March 2020 11:55:39, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.