On 25th March 2019 we included covering of Bitfinex's ETHUSD and Binance's ETHUSDT pairings combination, today there is an available 0.334% return swapping this trade as it is currently displaying constant arbitrage return today, the match is sat at 0.62 as of 6th November from 20:30 looking at profit of 0.00006784 bitcoin for every one bitcoin traded. Since tracking started we have viewed this spread topping off at 3.92 since the beginning of November. In the last 24 hours the spread reached a high of 1.16 meaning -14.29 shortening on the year signalling a 92.49% contraction. Bitfinex and Binance ETHUSD to ETHUSDT is 107th currently. This arbitrage spread is not treated as a fanciful activity, and not profitable like HBDM BTC_CQ to Binance BTCTUSD and HBDM BTC_CQ to Binance BTCPAX with it being more attractive.
6th November 2019 20:30:20 UTC - 1 week ago
Bitfinex ETHUSD @ 189.25000000
Binance ETHUSDT @ 188.63000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00006784 BTC with a 0.334% return
Bitcoin Trade Size
This represents a profit of 0.0019 BTC when you close 28.67 BTC of ETHUSD at Bitfinex at the current price of 189.25000000 and order the corresponding volume of 28.67 BTC of ETHUSDT at Binance for 188.63000000 meaning a 17.65 USD profit with BTC holding at $9,287. We would advise look into this arbitrage pairing more, as it would return a profit if performed to the tune of 0.00006784 for each 1 bitcoin. With everything reported it seems indicates that the gains would be very small making it not worthwhile if you factor in exchange and transfer commissions, and, chiefly when given the profits unlocked by HBDM BTC_CQ to Binance BTCPAX returning 0.02065120 BTC return per one BTC as of 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 20:30:20, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.