Bitfinex's BTCUSD and Kraken's XXBTZUSD pairings reached a 28 day period high on the 8th August 2019 marking an overall 74.69% shortening from the 60 day high of 482, confirming a spread of -360 during the 42 days, the pairing currently is spread at 19.9 as of 12th August from 07:39:39 with a profit of 0.00211528 bitcoin for every one bitcoin spent. Since we began we have seen a arbitrage high reach of 122 since the beginning of August. In the last 24 hours the spread reached a high of 70.5 meaning -411.5 shortening from the year high providing a 85% reduction. Bitfinex's BTCUSD to Kraken's XXBTZUSD is 31st from a selection of 347 arbirtage opportunities. This combination isn't looked upon as a great occurrence, and not profitable like HBDM BTC_CQ to Bitfinex BTCUSD and Binance BCHABCBTC to Kraken BCHXBT which should be investigated.
12th August 2019 07:39:39 UTC - 2 weeks ago
Bitfinex BTCUSD @ 11403.00000000
Kraken XXBTZUSD @ 11383.10000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00211528 BTC with a 0.212% return
Bitcoin Trade Size
This harvests an income of 0.023268 BTC if you put up 11 bitcoin of BTCUSD at Bitfinex at the market price of 11,403.00 and buy the same volume of 11 bitcoin of XXBTZUSD at Kraken priced at 11,383.10 meaning a $265.10 profit with BTC positioned at $11,393 per 1 bitcoin. Our recomemndation is to look at this more, as it would result in profit when executed to the amount of 0.002115 to each 1 bitcoin. The advice indicates that the profits will be narrow causing needed doubt to proceed considering the profits presented by Binance BCHABCBTC to Kraken BCHXBT providing 0.02942342 BTC profit per 1 bitcoin 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 12th August 2019 07:39:39, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.