On the 10th August 2019 we added monitoring of Bitfinex's ETHUSD and Binance's ETHBTC combo pairs arbitrage spreads, as of now you can get 0.5221% return swapping this trade as it is currently displaying adequate this week, the pairing is sitting at 151.259535 at 21:36 today looking at profit of 0.00010685 bitcoin with every one bitcoin exchanged. Since tracking started we have watched a high of 195.179302 in the past month. In the last 24 hours the spread reached a high of 153.229625 meaning -71.528194 short on the year creating a 31.8% contraction of that previous height. Bitfinex Binance with ETHUSD ETHBTC is positioned 91st currently. This arbitrage combination is not looked upon as a special development, and should be treated as such with Bitfinex BTCUSD to Kraken XXBTZUSD and Bitmex ETHUSD to Poloniex BTC_ETH which should be considered.
1st December 2019 21:36:50 UTC - 2 weeks ago
Bitfinex ETHUSD @ 151.28000000
Binance ETHBTC @ 0.02046500
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00010685 BTC with a 0.5221% return
Bitcoin Trade Size
This results in a profit of 0.00170960 bitcoin when you sell 16 BTC of ETHUSD at Bitfinex at the price of 151.28000000 and buy the very same size of 16 BTC of ETHBTC at Binance set at 0.02046500 giving a 12.57 USD profit with bitcoin holding at $7,354 per 1 bitcoin. Right now we recommend scrutinize this pairing more, as it would return a profit when done to the amount of 0.00010685 per one BTC. The current standing would be indicates that the profits would be meager making it not worthwhile especially when presented with the opportunities presented by Bitmex ETHUSD to Poloniex BTC_ETH returning 0.02046051 BTC return per 1 BTC this Sunday.
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 1st December 2019 21:36:50, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.