Our second opportunity to report on Bitfinex's ETHBTC and Bitstamp's ETHUSD combination pairs since Saturday 10th August. Bitfinex Kraken with ETHUST XETHZUSD reached a fourteen day high on the 11th August 2019 showing an overall 77% decrease from the sixty day high of 9.69, confirming a spread of -7.45 during the 46 days, the pairing is sitting at 0.9 as of 14th August 2019 from 03:46:14 with a profit of 0.00010443 BTC for every one BTC exchanged. Since tracking proceeded we have verified its range top out at 3.59 in the past month. In the last 24 hours the spread reached a high of 1.5 resulting in a -8.77 shortening from the year high signalling a 85% change of that previous height. Bitfinex to Kraken with ETHUST XETHZUSD is 80th out of the 151 combinations tracked. This spread isn't looked upon as a premium activity, and should be treated as such with HBDM BTC_CQ to Bitfinex BTCUSD and Binance BCHABCUSDT to Kraken BCHXBT which should take your cash.
14th August 2019 03:46:14 UTC - 2 weeks ago
Bitfinex ETHUST @ 208.53000000
Kraken XETHZUSD @ 207.63000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00010443 BTC with a 0.5351% return
Bitcoin Trade Size
This contributes to a profit of 0.00167 BTC if you close 16 BTC of ETHUST at Bitfinex at the price of 208.53000000 and buy the same size of 16 BTC of XETHZUSD at Kraken set at 207.63000000 providing a 17.75 USD gain with BTC stable at $10,629. We would advise investigate this arbitrage opportunity more, this will return a profit when done to the tune of 0.00010443 to each one bitcoin. The spread shown points that the gains would be inadequate rendering it not worthwhile especially when you consider the profits given by Binance BCHABCUSDT to Kraken BCHXBT returning 0.03328717 bitcoin 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 14th August 2019 03:46:14, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.