Our 13th update on Bitfinex's BTCUSD and Binance's BTCUSDC since 25th October 2019. On the 21st May 2019 we included watching of Bitfinex's BTCUSD and Binance's BTCUSDC combination pairs arbitrage opportunities, presently there is an available 0.29% return executing this trade as it is currently holding okay since Friday, the combination is sat at 19.8 as of 6th November 2019 from 20:29 with a profit of 0.00294558 BTC for every 1 BTC spent. Since we began we have viewed the arbitrage height of 125.7 in the past month between Bitfinex and Binance. In the last 24 hours the spread reached a high of 43.27 resulting in a -862.73 shortening from the year high marking a 95.2% shortening from that top spread. Bitfinex Binance with BTCUSD BTCUSDC is positioned 30th currently. This combination isn't a premium occurrence, and should be considered as such with HBDM BTC_CQ to Binance BTCTUSD and HBDM BTC_CQ to Binance BTCUSDC which should be more attractive.
6th November 2019 20:29:57 UTC - 1 week ago
Bitfinex BTCUSD @ 9307.70000000
Binance BTCUSDC @ 9287.90000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00294558 BTC with a 0.29% return
Bitcoin Trade Size
This pays an income of 0.015 bitcoin when you put up 5 BTC of BTCUSD at Bitfinex at the market price of 9,307.70 and buy the duplicate size of 5 BTC of BTCUSDC at Binance set at 9,287.90 bringing a 139.33 USD net gain with BTC positioned at $9,288. Right now we recommend probe this arbitrage opportunity more, this will return a profit when carried out to the amount of 0.00294558 for every 1 bitcoin. With the information on hand indicates that the gains would be confined making it not worthwhile, chiefly when faced with the availability of HBDM BTC_CQ to Binance BTCUSDC resulting in 0.02057387 BTC return per one BTC 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 6th November 2019 20:29:57, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.