Bitfinex's ETHUSD and Kraken's XETHZUSD pairings reached a 14 day high on the 1st February marking a 46% decrease from the ninety day high of 2.58, signaling a spread of -1.18 over 70 days, the match is positioned at 0.63 at 13:44 today looking at profit of 0.00007110 BTC for every 1 bitcoin spent. Since we began we have viewed this spread topping off at 2.42 since the 1st of February 2020. In the last 24 hours the spread reached a high of 1.3 resulting in a -2.08 short from the year high signalling a 62% reduction. Bitfinex and Kraken's ETHUSD and XETHZUSD is placed 141st out of a possible 247 combinations tracked. This arbitrage opportunity isn't a high yield change, and not in the same league as HBDM BTC_CQ to Bitfinex BTCF0:USTF0 and Bitmex XBTM20 to Binance BTCUSDT which should take your attention.
2nd February 2020 13:44:00 UTC - 4 weeks ago
Bitfinex ETHUSD @ 191.73000000
Kraken XETHZUSD @ 191.11000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00007110 BTC with a 0.3507% return
Bitcoin Trade Size
This nets a profit of 0.00306 bitcoin when you put up 43 bitcoin of ETHUSD at Bitfinex at the current price of 191.73000000 and order the same size of 43 bitcoin of XETHZUSD at Kraken set at 191.10000000 bringing a 28.83 USD gain with bitcoin trading at $9,423. At present we recommend to look more seriously at this pairing, as it would return a profit when executed to the sound of 0.00007110 for each one bitcoin. The advice would be points that the gains would be stunted making it not worthwhile, notably seeing the opportunity of Bitmex XBTM20 to Binance BTCUSDT providing 0.04168104 BTC profit per 1 bitcoin 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 2nd February 2020 13:44:00, 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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