Our 11th update on Bitfinex's ETHUSD and Bitmex's ETHUSD combo pairs since 5th December 2019. Bitfinex's ETHUSD and Bitmex's ETHUSD combination pairs reached a fourteen day period high on the 4th December 2019 showing a 17.05% shortening from the 60 day high of 2.64, signaling a spread of -0.45 over the 40 days, the combination currently is spread at 0.7 as of 7th December from 11:14 looking at profit of 0.00009972 bitcoin with every one BTC spent. Since we began we have verified this topping off at 2.53 in the past month. In the last 24 hours the spread reached a high of 1.05 meaning -3.55 short from the year high marking a 77.17% decrease from that top spread. Bitfinex's ETHUSD and Bitmex's ETHUSD match up is placed 99th currently. This spread should not be considered a special occurrence, and nowhere near Bitfinex BTCUSD to Binancefutures BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH which should be considered.
7th December 2019 11:14:32 UTC - 42 weeks ago
Bitfinex ETHUSD @ 148.90000000
Bitmex ETHUSD @ 148.20000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00009972 BTC with a 0.5063% return
Bitcoin Trade Size
This gives an income of 0.0035899 bitcoin when you auction 36 bitcoin of ETHUSD at Bitfinex at the price of 148.90000000 and buy the matching size of 36 BTC of ETHUSD at Bitmex set at 148.20000000 meaning a $27.00 net gain with bitcoin stable at $7,521. The signals indicate look at this more, this will return a profit when done to the sound of 0.000100 per 1 bitcoin. With everything reported it seems points that the gains will be very small placing doubt to proceed if you recognize exchange and transfer commissions, and seeing the profits unlocked by Bitmex ETHUSD to Poloniex BTC_ETH returning 0.01969672 bitcoin profit 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 7th December 2019 11:14:32, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.