Our 6th update on Bitfinex's ETHUSD and Binance's ETHUSDT match up since 25th September 2019. On the 25th March 2019 we started supporting providing of Bitfinex's ETHUSD and Binance's ETHUSDT combo pairs arbitrage spreads, presently there is an available 0.322% return executing this trade as it is temporarily holding constant since Monday, the combination is positioned at 0.53 as of 12th October 2019 from 12:08 looking at profit of 0.00007083 bitcoin for every one BTC spent. Since tracking started we have watched a pairing high reach of 4.82 in the past month. In the last 24 hours the spread reached a high of 0.96 meaning -14.49 decrease this year marking a 94% shortening. Bitfinex and Binance's ETHUSD and ETHUSDT is 85th out of the 177 we track. This arbitrage spread isn't a premium movement, and should be considered as such with HBDM BTC_CQ to Bittrex USD-BTC and Binance ETHBTC to Kraken XETHXXBT which should be considered.
12th October 2019 12:08:44 UTC - 33 weeks ago
Bitfinex ETHUSD @ 183.64000000
Binance ETHUSDT @ 183.10000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00007083 BTC with a 0.322% return
Bitcoin Trade Size
This results in a profit of 0.002 BTC when you sell 23.5 bitcoin of ETHUSD at Bitfinex at the price of 183.64000000 and buy the duplicate amount of 23.5 bitcoin of ETHUSDT at Binance for 183.11000000 resulting in 16.66 USD gain with BTC trading at $8,329 per one bitcoin. Today we recommend research this arbitrage pairing more, as it would return a profit when executed to the amount of 0.00007083 for every 1 bitcoin. With the data returned indicates that the gains will be narrow placing doubt to proceed, notably when you consider the profits granted by Binance ETHBTC to Kraken XETHXXBT returning 0.02197536 BTC return per 1 bitcoin 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 12th October 2019 12:08:44, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
We have been keeping our heads down and developing our Marker Taker Spread Trading Functionality for a little while now, and we are getting closer and closer to releasing this in the near to medium future.