Binance's ETHBTC and Bitstamp's ETHUSD match up reached a fourteen day period high on the 12th December indicating a -5.6% increase from the sixty day high of -131.739831, signaling a spread of -7.430567 over 17 days, the match is sat at -141.160124 at 13:18 today with a profit of 0.00004465 bitcoin for every one bitcoin exchanged. Since we began we have viewed a spread high of -131.739831 since December began. In the last 24 hours the spread reached a high of -139.980108 meaning -8.240277 decrease from the year high marking a -6.25% change from that high. Binance ETHBTC to Bitstamp ETHUSD is placed 110th currently. This arbitrage spread isn't a fantastic opportunity, and not in the same league as Bitfinex BTCUSD to Kraken XXBTZUSD and Bitfinex ETHBTC to Poloniex BTC_ETH which should be followed.
16th December 2019 13:18:08 UTC - 40 weeks ago
Binance ETHBTC @ 0.01987600
Bitstamp ETHUSD @ 141.18000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00004465 BTC with a 0.23% return
Bitcoin Trade Size
This results in a profit of 0.004420 bitcoin when you spend 99 BTC of ETHBTC at Binance at the market price of 0.01987600 and order the corresponding amount of 99 BTC of ETHUSD at Bitstamp for 141.18000000 resulting in $31.44 profit with bitcoin positioned at $7,113 per one bitcoin. We would advise to look more seriously at this pairing, as it would result in profit if done to the amount of 0.000045 per 1 BTC. The advice would be points that the profits would be small placing doubt to proceed if you payout transfer commissions, and especially when presented with the choice of Bitfinex ETHBTC to Poloniex BTC_ETH giving 0.01988621 BTC return per 1 BTC as of 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 16th December 2019 13:18:08, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
I write this journal to go over the basics of trading digital assets on liquid exchanges. I will not delve deeply into fundamentals of the assets unless it is necessary to explain the trading strategy.