On 19th May 2019 we added capturing of Bitfinex BTCUSD to Binance BTCPAX arbitrage combination, as of now there is an available 0.1522% return executing this swap as it is currently displaying okay arbitrage return since Saturday, the combination currently is spread at 12.89 from 09:03:52 today with a profit of 0.00152124 bitcoin with every 1 bitcoin exchanged. Since we began we have seen the range height of 179.86 since October began. In the last 24 hours the spread reached a high of 50.61 meaning -957.89 shortening this year marking a 95.0% reduction from that high. Bitfinex to Binance with BTCUSD BTCPAX is placed 24th currently. This combination is not looked upon as a great occurrence, and should be considered as such with HBDM BTC_CQ to Binance BTCUSDC and Bitmex ETHUSD to Poloniex BTC_ETH which should be followed.
6th October 2020 09:03:52 UTC - 15 weeks ago
Bitfinex BTCUSD @ 10747.00000000
Binance BTCPAX @ 10734.11000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00152124 BTC with a 0.1522% return
Bitcoin Trade Size
This contributes to a profit of 0.0456 bitcoin if you sell 30 BTC of BTCUSD at Bitfinex at the price of 10,747.00 and order the corresponding quantity of 30 BTC of BTCPAX at Binance priced at 10,734.11 providing a 489.50 USD gain with BTC positioned at 10,735 USD. We propose you look at the arbitrage opportunities opportunities, this will return a profit when carried out to the sound of 0.001521 per one BTC. The current standing would be indicates that the gains would be stunted rendering it not worthwhile when you accept transfer commissions, and especially when presented with the profits presented by Bitmex ETHUSD to Poloniex BTC_ETH returning 0.03279264 BTC return per 1 bitcoin this Tuesday.
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 6th October 2020 09:03:52, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.