Our 21st update on Bitfinex and Binance's BTCUSD and BTCUSDC since 6th February 2020. On the 21st May 2019 we started supporting watching of Bitfinex and Binance BTCUSD to BTCUSDC arbitrage combination, these past 4 minutes you can get 0.2295% return executing this swap as it is currently showing steady arbitrage return this Thursday, the match is sitting at 16.16 from 06:25:38 today with a profit of 0.00229240 bitcoin with every one BTC spent. Since tracking started we have seen this topping off at 152.66 since the beginning of February. In the last 24 hours the spread reached a high of 123.74 resulting in a -782.26 shortening from the year high making a 86.3% contraction of that previous height. Bitfinex's BTCUSD and Binance's BTCUSDC combo pairs is placed 44th currently. This spread isn't a fanciful occurrence, and nowhere near Bitfinex ETHBTC to Poloniex BTC_ETH and Bitmex XBTM20 to Binance BTCUSDT which should appeal more.
20th February 2020 06:25:38 UTC - 21 weeks ago
Bitfinex BTCUSD @ 9568.00000000
Binance BTCUSDC @ 9551.84000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00229240 BTC with a 0.2295% return
Bitcoin Trade Size
This results in a profit of 0.07908780 BTC when you auction 34.5 bitcoin of BTCUSD at Bitfinex at the market price of 9,568.00 and buy the twin volume of 34.5 bitcoin of BTCUSDC at Binance priced at 9,551.84 providing a 755.90 USD net gain with bitcoin holding at 9,558 USD. Our recommendation this evening is to analyze this pairing more, as it would return a profit when done to the sound of 0.0022924 to each one BTC. The thought process points that the profits will be limited placing doubt to proceed considering the option of Bitmex XBTM20 to Binance BTCUSDT providing 0.04060080 bitcoin profit per 1 bitcoin 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 20th February 2020 06:25:38, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.