Our 18th update on Bitfinex to Binance with BTCUSD BTCTUSD since 15th December 2019. Bitfinex and Binance's BTCUSD and BTCTUSD reached a 28 day high on the 3rd January indicating a 36.8% shortening from the 60 day high of 172.4, confirming a difference of -63.45 in 40 days, the combination is sitting at 36.51 from 16:33:08 today with a profit of 0.00565171 BTC with every 1 BTC exchanged. Since we began we have witnessed a spread high of 108.95 since the 1st of January 2020. In the last 24 hours the spread reached a high of 51.64 meaning -823.36 short on the year providing a 94.10% decrease. Bitfinex BTCUSD to Binance BTCTUSD is 35th out of the 223 arbitrage combinations monitored. This arbitrage opportunity isn't a crazy occurrence, and not profitable like Binance ETHUSDT to Bitmex ETHH20 and HBDM ETH_CQ to Bitmex ETHH20 which should be investigated.
4th January 2020 16:33:08 UTC - 3 weeks ago
Bitfinex BTCUSD @ 7331.20000000
Binance BTCTUSD @ 7294.69000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00565171 BTC with a 0.57% return
Bitcoin Trade Size
This results in an income of 0.135641 BTC if you devote 24 bitcoin of BTCUSD at Bitfinex at the market price of 7,331.20 and buy the twin quantity of 24 BTC of BTCTUSD at Binance set at 7,294.69 providing a 990.72 USD net gain with BTC fixed at 7,304 USD. Presently the advice is to that you should examine this more, as it would result in profit when executed to the amount of 0.00565171 for each one BTC.
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 4th January 2020 16:33:08, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.