Our 19th update on Bitfinex's and Binance's BTCUSD to BTCTUSD since 4th January 2020. Bitfinex's BTCUSD and Binance's BTCTUSD combo pairs reached a 28 day period high on the 3rd January showing an overall 37% shortening from the sixty day high of 172.4, making a difference of -63.45 during the 40 days, the match currently spreads at 6.28 as of 21st January 2020 from 11:43:18 looking at profit of 0.00160596 bitcoin for every one bitcoin traded. Since we began we have viewed its arbitrage top out at 108.95 since the 1st of January 2020. In the last 24 hours the spread reached a high of 20.58 meaning -854.42 shortening on the year signalling a 97.65% contraction of that previous height. Bitfinex's and Binance's BTCUSD to BTCTUSD is positioned 61st currently. This arbitrage opportunity is not looked upon as a great occurrence, and should be considered as such with Bitfinex ETHBTC to Poloniex BTC_ETH and Bitmex XBTM20 to Binance BTCUSDT which should take your attention.
21st January 2020 11:43:18 UTC - 5 weeks ago
Bitfinex BTCUSD @ 8650.30000000
Binance BTCTUSD @ 8644.02000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00160596 BTC with a 0.1609% return
Bitcoin Trade Size
This results in a profit of 0.0476435 BTC when you offload 29.6667 BTC of BTCUSD at Bitfinex at the price of 8,650.30 and order the identical quantity of 29.6667 BTC of BTCTUSD at Binance for 8,644.02 turning a 412.37 USD gain with bitcoin positioned at 8,655 USD. We would advise that you should examine this more, as it would result in profit when done to the sound of 0.0016060 to each one bitcoin. With the data returned indicates that the gains would be modest rendering it not worthwhile especially when presented with the choice of Bitmex XBTM20 to Binance BTCUSDT giving 0.03260430 bitcoin profit per 1 bitcoin for the time being.
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 21st January 2020 11:43:18, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.