Our 7th update on Bitfinex Bitstamp with LTCUSD LTCUSD since 5th December 2019. Since the 6th August 2019 we have been covering Bitfinex's ETHUSD and Kraken's XETHZUSD combo pairs arbitrage opportunities, today you can get 0.3931% return running this swap as it is momentarily showing fair this Saturday, the combination is positioned at 0.41 as of 21st December from 08:31 with a profit of 0.00007007 bitcoin with every one bitcoin exchanged. Since tracking started we have watched the pairing height of 3.38 this year alone. In the last 24 hours the spread reached a high of 0.87 resulting in a -2.51 short on the year making a 74% change from that spread. Bitfinex and Kraken ETHUSD to XETHZUSD is 107th from a catalog of 223 we support. This spread isn't a great development, and not the same as HBDM BTC_CQ to Bitfinex BTCUST and Bitmex ETHUSD to Poloniex BTC_ETH which should take your attention.
21st December 2019 08:31:27 UTC - 5 weeks ago
Bitfinex ETHUSD @ 127.70000000
Kraken XETHZUSD @ 127.29000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00007007 BTC with a 0.3931% return
Bitcoin Trade Size
This earns an income of 0.004625 bitcoin if you devote 66 bitcoin of ETHUSD at Bitfinex at the current price of 127.70000000 and order the identical amount of 66 bitcoin of XETHZUSD at Kraken priced at 127.29000000 resulting in $33.00 net gain with BTC trading at $7,136 per one bitcoin. Our recommendation tonight is to look into this arbitrage pairing more, as it would result in profit when executed to the amount of 0.000070 for every one bitcoin. With everything reported it seems points that the gains would be narrow making it not worthwhile, chiefly when you consider the opportunities presented by Bitmex ETHUSD to Poloniex BTC_ETH providing 0.01782726 BTC return per one bitcoin this Saturday.
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 December 2019 08:31:27, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.