Our second opportunity to comment on Bitfinex's EOSUSD to Binance's EOSUSDT since 8th August. Since the 6th August 2019 we have been covering Binance and Kraken's BTCUSDT and XXBTZUSD arbitrage combination, today there is an available 0.19% return swapping this trade as it is temporarily showing decent this week, the pairing is sat at 13.53 from 17:41:59 today looking at profit of 0.00191472 BTC for every one bitcoin traded. Since tracking proceeded we have seen a range high of 39.1 in the past month between Bitfinex and Huobi Pro. In the last 24 hours the spread reached a high of 28.51 meaning -582.88 shortening from the year high creating a 95.34% decrease. Binance BTCUSDT to Kraken XXBTZUSD is 44th from a pool of 229 arbitrage combinations monitored. This combination isn't superb occurrence, and not in the same league as HBDM BTC_CQ to Kraken XXBTZUSD and Bitfinex ETHBTC to Poloniex BTC_ETH which should appeal more.
15th December 2019 17:41:59 UTC - 40 weeks ago
Binance BTCUSDT @ 7118.53000000
Kraken XXBTZUSD @ 7105.00000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00191472 BTC with a 0.19% return
Bitcoin Trade Size
This provides a profit of 0.031593 BTC if you auction 16.5 bitcoin of BTCUSDT at Binance at the price of 7,118.53 and buy the same size of 16.5 bitcoin of XXBTZUSD at Kraken priced at 7,105.00 giving a 224.90 USD net gain with BTC positioned at 7,119 USD per 1 BTC. For the time being look into this, as it would result in profit when executed to the amount of 0.00191472 to each 1 BTC. Everything shown says indicates that the gains will be very small making it not worthwhile especially seeing the opportunity of Bitfinex ETHBTC to Poloniex BTC_ETH resulting in 0.02007818 bitcoin return per 1 BTC at present.
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 15th December 2019 17:41:59, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
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