Bitfinex's BTCUSD and Binance's BTCTUSD reached a twenty eight day high on the 24th September 2020 marking a 41.8% shortening from the 60 day high of 233.51, signaling a spread of -97.72 over 16 days, the match currently spreads at 14.67 at 05:51 today with a profit of 0.00151871 bitcoin for every one BTC exchanged. Since we began we have witnessed a arbitrage high of 135.79 since the beginning of October 2020. In the last 24 hours the spread reached a high of 22.29 resulting in a -852.71 shortening on the year marking a 97% decrease from that top spread. Bitfinex BTCUSD to Binance BTCTUSD is placed 32nd currently. This arbitrage spread is not treated as superb development, and not profitable like HBDM BTC_CQ to Binance BTCPAX and Bitfinex ETHF0-USTF0 to Kraken XETHXXBT which should take your attention.
8th October 2020 05:51:35 UTC - 15 weeks ago
Bitfinex BTCUSD @ 10631.00000000
Binance BTCTUSD @ 10616.33000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00151871 BTC with a 0.1519% return
Bitcoin Trade Size
This represents a profit of 0.05771098 bitcoin if you risk 38 BTC of BTCUSD at Bitfinex at the market price of 10,631.00 and order the very same amount of 38 BTC of BTCTUSD at Binance for 10,616.33 bringing a $612.56 gain with BTC stable at 10,614 USD. We would advise look at this more, as it would result in profit if carried out to the sound of 0.00151871 for every 1 BTC. The spread shown points that the gains would be risky causing doubt to proceed if you factor in exchange and transfer fees, and, chiefly considering the profits given by Bitfinex ETHF0-USTF0 to Kraken XETHXXBT resulting in 0.03191529 bitcoin profit per 1 bitcoin as of this moment.
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 8th October 2020 05:51:35, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.