On 6th August 2019 we started supporting tracking for of Binance's BTCUSDT and Kraken's XXBTZUSD match up spread, these past 8 minutes there is an available 0.2329% return running this recommendation as it is momentarily showing adequate return this week, the match is sitting at 20.21 from 16:50:35 today looking at profit of 0.00232372 BTC with every 1 BTC traded. Since tracking begun we have seen a pairing high of 101.6 in the past month between Kraken and Binance. In the last 24 hours the spread reached a high of 101.6 meaning -509.79 decrease this year making a 83% decrease. Binance's BTCUSDT to Kraken's XXBTZUSD is positioned 54th out of the 244 combinations tracked. This arbitrage combination isn't a crazy action, and not in the same league as HBDM BTC_CQ to Binance BTCPAX and Bitfinex ETHBTC to Bitmex ETHZ19 with it being more attractive.
8th November 2019 16:50:35 UTC - 1 week ago
Binance BTCUSDT @ 8740.31000000
Kraken XXBTZUSD @ 8720.10000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00232372 BTC with a 0.2329% return
Bitcoin Trade Size
This contributes to an income of 0.0139 BTC if you risk 6 BTC of BTCUSDT at Binance at the market price of 8,740.31 and order the twin size of 6 BTC of XXBTZUSD at Kraken priced at 8,720.10 resulting in $121.49 net gain with BTC trading at $8,740 per 1 BTC. Our recommendation this afternoon is to that you should examine this more, as it would provide profit if executed to the tune of 0.00232372 for every one BTC. The advice would be indicates that the profits would be modest rendering it not worthwhile, notably when presented with the profits presented by Bitfinex ETHBTC to Bitmex ETHZ19 resulting in 0.02092361 BTC profit per one BTC this Friday morning.
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 8th November 2019 16:50:35, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.