Our 1st update on Binance Futures BTCUSDT to Bitfinex BTCUSD since 7th February 2020. On the 7th November 2019 we added monitoring of Binance Futures's and Bitfinex's BTCUSDT to BTCUSD combination, currently there is an available 0.3979% return swapping this trade as it is temporarily displaying adequate since Friday, the pairing is sitting at 39 at 10:01 today with a profit of 0.00397022 BTC with every 1 bitcoin spent. Since tracking begun we have viewed a spread high reach of 132.8 in the past month. In the last 24 hours the spread reached a high of 50.75 meaning -82.05 shortening on the year creating a 62% decrease. Binance Futures and Bitfinex's BTCUSDT and BTCUSD is positioned 46th currently. This spread isn't a excellent development, and should be considered as such with HBDM BTC_CQ to Kraken XXBTZUSD and Bitmex XBTM20 to Binance BTCUSDT which should take your cash.
9th February 2020 10:01:58 UTC - 32 weeks ago
Binance Futures BTCUSDT @ 10092.00000000
Bitfinex BTCUSD @ 10053.00000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00397022 BTC with a 0.3979% return
Bitcoin Trade Size
This contributes to a profit of 0.0576 BTC if you sell 14.5 BTC of BTCUSDT at Binance Futures at the current price of 10,092.00 and buy the twin volume of 14.5 BTC of BTCUSD at Bitfinex for 10,053.00 turning a 580.32 USD profit with the current price of bitcoin set at 10,075 USD. Right now we recommend to look at this more, as it would provide profit when done to the sound of 0.003970 for each one bitcoin. The data returned points that the gains would be placing doubt to proceed when you contemplate exchange and transfer fees, and especially when presented with the availability of Bitmex XBTM20 to Binance BTCUSDT resulting in 0.04650124 BTC return per one bitcoin 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 9th February 2020 10:01:58, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
We have been keeping our heads down and developing our Marker Taker Spread Trading Functionality for a little while now, and we are getting closer and closer to releasing this in the near to medium future.