Bitfinex BTCUSD to Bitmex XBTUSD reached a fourteen day high on the 30th January 2020 marking an overall 64.7% decrease from the 90 day high of 299.6, confirming a spread of -193.9 during the 43 days, the combination is sat at 22 at 04:11 today looking at profit of 0.00239571 bitcoin with every one BTC traded. Since we began we have viewed a range high reach of 97.2 in the past month between Huobi and Binance. In the last 24 hours the spread reached a high of 97.2 resulting in a -202.4 decrease from the year high creating a 67.6% decrease. Bitfinex's BTCUSD and Bitmex's XBTUSD is positioned 55th out of the 241 spreads we positions. This arbitrage spread isn't a excellent action, and not in the same league as HBDM BTC_CQ to Huobi BTCUSDT and Bitmex XBTM20 to Binance BTCUSDT which should be investigated.
3rd February 2020 04:11:32 UTC - 4 weeks ago
Bitfinex BTCUSD @ 9406.50000000
Bitmex XBTUSD @ 9384.50000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00239571 BTC with a 0.240% return
Bitcoin Trade Size
This nets an income of 0.08744342 BTC if you close 36.5 BTC of BTCUSD at Bitfinex at the market price of 9,406.50 and buy the matching amount of 36.5 bitcoin of XBTUSD at Bitmex priced at 9,384.50 providing a 821.25 USD profit with bitcoin fixed at $9,392. For the time being that you should examine this more, as it would result in profit when executed to the tune of 0.002396 to each one bitcoin. The advice points that the profits will be limited causing obvious doubt to proceed if you deal with exchange and transfer outgoings, and, specifically considering the availability of Bitmex XBTM20 to Binance BTCUSDT resulting in 0.03910126 BTC return per 1 BTC currently.
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 3rd February 2020 04:11:32, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
Planning on crypto arbitrage and trying to find your best bets is a tricky affair. Actually like they say, success is 99% preparation and 1% luck. Similarly, so as to lead in crypto arbitrage, it is a lot of hard work and labor.