Bitfinex to Binance with ETHUSD ETHUSDT reached a 7 day high on the 25th November 2019 at 02:31 marking an overall 20.4% shortening from the sixty day high of 3.92, signaling a difference of -0.8 in 30 days, the pairing is sitting at 0.95 at 20:20 today looking at profit of 0.00013458 bitcoin with every one bitcoin exchanged. Since tracking proceeded we have verified its arbitrage top out at 3.12 since the beginning of December. In the last 24 hours the spread reached a high of 1.33 resulting in a -14.12 shortening from the year high providing a 91% contraction from that high. Bitfinex ETHUSD to Binance ETHUSDT is placed 86th from a selection of 197 we track. This spread isn't a fantastic action, and not profitable like Bitfinex BTCUSD to Bitfinex BTCF0:USTF0 and Bitmex ETHUSD to Poloniex BTC_ETH which should be more attractive.
1st December 2019 20:20:15 UTC - 2 weeks ago
Bitfinex ETHUSD @ 151.14000000
Binance ETHUSDT @ 150.19000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00013458 BTC with a 0.659% return
Bitcoin Trade Size
This represents an income of 0.00161496 BTC when you put up 12 BTC of ETHUSD at Bitfinex at the price of 151.14000000 and buy the corresponding amount of 12 bitcoin of ETHUSDT at Binance priced at 150.19000000 turning a 11.88 USD profit with bitcoin stable at $7,356. At present we recommend look into this, as it would provide profit if carried out to the tune of 0.0001346 per one bitcoin. The thought process points that the profits will be poor causing obvious doubt to proceed when you look at exchange and transfer outgoings, and, notably when faced with the availability of Bitmex ETHUSD to Poloniex BTC_ETH giving 0.02044989 bitcoin return per 1 BTC currently.
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 1st December 2019 20:20:15, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.