Since the 19th May 2019 we have been covering Bitfinex's BTCUSD and Binance's BTCPAX match up spread, today there is an available 0.2793% return executing this swap as it is momentarily displaying steady today, the match is sat at 18.81 at 20:28 today looking at profit of 0.00279003 BTC for every 1 bitcoin traded. Since tracking started we have witnessed its arbitrage top out at 101.33 in the past month between HBDM and Bitstamp. In the last 24 hours the spread reached a high of 45.22 meaning -963.28 shortening from the year high marking a 96% reduction. Bitfinex's BTCUSD and Binance's BTCPAX combo pairs is placed 25th currently. This spread is not a premium occurrence, and not in the same league as HBDM BTC_CQ to Binance BTCUSDT and HBDM BTC_CQ to Binance BTCPAX which should take you.
6th November 2019 20:28:56 UTC - 1 week ago
Bitfinex BTCUSD @ 9307.70000000
Binance BTCPAX @ 9288.89000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00279003 BTC with a 0.2793% return
Bitcoin Trade Size
This earns a profit of 0.075 BTC if you offload 27 bitcoin of BTCUSD at Bitfinex at the current price of 9,307.70 and order the very same size of 27 bitcoin of BTCPAX at Binance priced at 9,288.89 giving a $696.77 profit with the current price of bitcoin set at $9,290. Presently the advice is to look into this, as it would return a profit when performed to the tune of 0.0027900 per 1 BTC. Everything shown says indicates that the profits will be rendering it not worthwhile especially when faced with the opportunity of HBDM BTC_CQ to Binance BTCPAX providing 0.02053448 bitcoin 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 20:28:56, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.