Our 4th update on Bitfinex's ETHUST to Kraken's XETHZUSD since 12th March 2020. Bitfinex's ETHUST and Kraken's XETHZUSD combination pairs reached a 14 day high on the 12th March 2020 showing a 36.2% decrease from the 90 day high of 8.07, signaling a spread of -2.92 during the 13 days, the pairing currently is spread at 0.4 as of 16th March 2020 from 08:22:21 looking at profit of 0.00009291 BTC for every 1 bitcoin traded. Since we began we have witnessed this arbitrage topping off at 8.07 since the beginning of March 2020. In the last 24 hours the spread reached a high of 1.1 resulting in a -9.17 shortening this year resulting in a 89% reduction. Bitfinex ETHUST to Kraken XETHZUSD is 127th currently. This arbitrage combination isn't a excellent occurrence, and nowhere near Bitfinex ETHBTC to Bitmex ETHH20 and HBDM ETH_CQ to Bitmex ETHH20 which should be more attractive.
16th March 2020 08:22:21 UTC - 3 weeks ago
Bitfinex ETHUST @ 108.14000000
Kraken XETHZUSD @ 107.75000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00009291 BTC with a 0.418% return
Bitcoin Trade Size
This results in a profit of 0.0055746 BTC when you auction 60 BTC of ETHUST at Bitfinex at the current price of 108.15000000 and order the exact quantity of 60 BTC of XETHZUSD at Kraken for 107.75000000 yielding a 27.00 USD profit with BTC fixed at 4,843 USD. We would advise look into this, as it would result in profit if performed to the tune of 0.00009291 to each 1 bitcoin. With everything reported it seems indicates that the profits will be poor causing obvious doubt to proceed, notably when faced with the profits unlocked by HBDM ETH_CQ to Bitmex ETHH20 returning 0.02264741 bitcoin return per one BTC this Monday.
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 16th March 2020 08:22:21, 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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