Bitfinex's ETHUSD and Binance's ETHBTC pairings reached a 7 day period high on the 7th March 2020 showing an overall 12.0% shortening from the 60 day high of 287.282189, making a spread of -34.359613 during the 22 days, the pairing is positioned at 140.157089 from 15:02:28 today looking at profit of 0.00018670 bitcoin for every 1 BTC exchanged. Since we began we have seen the height of 287.282189 in the past month. In the last 24 hours the spread reached a high of 196.495426 resulting in a -90.786763 short this year providing a 31.6% contraction from that top spread. Bitfinex's ETHUSD and Binance's ETHBTC combination pairs is 119th out of the 251 positions. This arbitrage opportunity is not looked upon as a high yield occurrence, and not profitable like Binance ETHBTC to Kraken XETHXXBT and Cexio ETH-BTC to Kraken XETHXXBT which should be considered.
12th March 2020 15:02:28 UTC - 28 weeks ago
Bitfinex ETHUSD @ 140.18000000
Binance ETHBTC @ 0.02291100
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00018670 BTC with a 0.815% return
Bitcoin Trade Size
This harvests an income of 0.00289385 BTC if you spend 15.5 BTC of ETHUSD at Bitfinex at the price of 140.18000000 and order the matched size of 15.5 bitcoin of ETHBTC at Binance for 0.02291100 resulting in $17.56 net gain with the current price of BTC set at 6,069 USD per 1 bitcoin. Our recommendation this evening is to look at the arbitrage opportunities opportunities, as it would provide profit when done to the amount of 0.0001867 to each one bitcoin. The data returned indicates that the gains would be very small making it not worthwhile when you scrutinize transfer and exchange fees, and when presented with the opportunities presented by Cexio ETH-BTC to Kraken XETHXXBT providing 0.02313323 BTC return per one BTC at present.
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 March 2020 15:02:28, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
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