Bitfinex's BTCUSD and Binance's BTCPAX match up reached a 14 day period high on the 2nd February marking an overall 60.1% shortening from the 60 day high of 127.8, confirming a spread of -76.79 over the 30 days, the pairing is positioned at -8.56 at 10:34 today with a profit of 0.00144592 BTC with every one BTC spent. Since tracking begun we have verified the height of 51.01 in the past month between Binance and Bitfinex. In the last 24 hours the spread reached a high of 12.05 meaning -996.45 shortening from the year high marking a 98.81% shortening from that high. Bitfinex BTCUSD to Binance BTCPAX is placed 83rd out of a possible 248 spreads we positions. This arbitrage combination isn't looked upon as a crazy action, and not the same as HBDM BTC_CQ to Bitfinex BTCUSD and Bitmex XBTM20 to Binance BTCUSDT which should take your attention.
12th February 2020 10:34:17 UTC - 1 week ago
Bitfinex BTCUSD @ 10328.00000000
Binance BTCPAX @ 10336.56000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00144592 BTC with a 0.14% return
Bitcoin Trade Size
This renders a profit of 0.030 BTC if you close 20.75 BTC of BTCUSD at Bitfinex at the price of 10,328.00 and buy the matching size of 20.75 BTC of BTCPAX at Binance priced at 10,336.56 yielding a 309.36 USD net gain with bitcoin trading at 10,312 USD. Currently we recommend that research this pairing more, as it would result in profit when carried out to the tune of 0.0014459 for every 1 bitcoin. With everything reported it seems points that the profits will be modest making it not worthwhile, specifically when faced with the profits granted by Bitmex XBTM20 to Binance BTCUSDT returning 0.06156732 BTC return per 1 BTC this Wednesday morning.
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 February 2020 10:34:17, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.