A follow up and second chance on Binance's and Bitmex's BCHABCBTC to BCHZ19 since Wednesday 6th November. Binance and Bitmex BCHABCBTC to BCHZ19 reached a fourteen day period high on the 4th November marking an overall 13.5% decrease from the sixty day high of 0.00046, confirming a spread of -6.2E-5 over 6 days, the match currently spreads at 9.8E-5 from 16:19:14 today with a profit of 0.00009800 bitcoin with every one bitcoin spent. Since tracking started we have verified this range topping off at 0.00046 since the 1st of November 2019. In the last 24 hours the spread reached a high of 0.000277 meaning -0.000183 short on the year providing a 40% shortening. Binance's BCHABCBTC and Bitmex's BCHZ19 combo pairs is 122nd currently. This arbitrage opportunity isn't superb opportunity, and should be considered as such with HBDM BTC_CQ to Binance BTCPAX and Binance ETHUSDT to Kraken XETHXXBT which should be investigated.
18th November 2019 16:19:14 UTC - 33 weeks ago
Binance BCHABCBTC @ 0.03057800
Bitmex BCHZ19 @ 0.03048000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00009800 BTC with a 0.32% return
Bitcoin Trade Size
This earns a profit of 0.001348 bitcoin if you auction 13.75 bitcoin of BCHABCBTC at Binance at the current price of 0.03057800 and buy the same quantity of 13.75 bitcoin of BCHZ19 at Bitmex set at 0.03048000 resulting in 11.36 USD profit with bitcoin jumping around at 8,426 USD. Presently you will want to scrutinize this arbitrage opportunity more, this will return a profit if done to the amount of 0.00009800 per 1 bitcoin. With the information on hand points that the gains would be limited rendering it not worthwhile when you examine exchange and transfer outgoings, and, notably seeing the profits given by Binance ETHUSDT to Kraken XETHXXBT giving 0.02152550 BTC return per one bitcoin for the time being.
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 18th November 2019 16:19:14, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.