Binance's ETHBTC and Bitstamp's ETHUSD combo pairs reached a seven day high on the 1st November marking an overall -16% increase from the ninety day high of -152.31032, confirming a spread of -24.930141 over the 36 days, the combination is sat at -182.639139 at 15:03 today with a profit of 0.00007816 bitcoin with every one BTC exchanged. Since tracking proceeded we have viewed the pairing height of -177.240461 in the past month between Bitstamp and Binance. In the last 24 hours the spread reached a high of -180.859126 resulting in a -28.548806 short from the year high providing a -19% reduction. Binance's ETHBTC and Bitstamp's ETHUSD combo pairs is placed 125th currently. This arbitrage opportunity is not treated as a fanciful movement, and nowhere near HBDM BTC_CQ to Binance BTCUSDC and Binance ETHUSDT to Kraken XETHXXBT which should be followed.
8th November 2019 15:03:54 UTC - 1 week ago
Binance ETHBTC @ 0.02086100
Bitstamp ETHUSD @ 182.66000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00007816 BTC with a 0.376% return
Bitcoin Trade Size
This results in an income of 0.00176 BTC if you sell 22.5 bitcoin of ETHBTC at Binance at the current price of 0.02086100 and order the twin size of 22.5 bitcoin of ETHUSD at Bitstamp priced at 182.66000000 meaning a 15.45 USD profit with bitcoin fixed at 8,781 USD. We would advise look into this, as it would result in profit if carried out to the amount of 0.00007816 for each one bitcoin. The thought process points that the gains would be small rendering it not worthwhile, specifically considering the profits given by Binance ETHUSDT to Kraken XETHXXBT resulting in 0.02086133 bitcoin return per 1 BTC as of right now.
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 15:03:54, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.