Bitfinex's ETHUSD and Kraken's XETHZUSD combination pairs reached a 7 day high on the 25th February 2020 at 12:09 showing a 3.94% decrease from the sixty day high of 2.54, confirming a spread of -0.1 over 10 days, the match is positioned at 0.8 as of 26th February from 08:36:58 with a profit of 0.00011282 bitcoin for every one BTC traded. Since we began we have witnessed a arbitrage high of 2.54 since the beginning of February 2020. In the last 24 hours the spread reached a high of 2.44 resulting in a -0.94 short on the year creating a 27.8% contraction. Bitfinex's ETHUSD to Kraken's XETHZUSD is 133rd from a pool of 233 spreads we positions. This spread should not be considered a crazy change, and not the same as Binance ETHBTC to Bitmex ETHH20 and Bitmex XBTM20 to Binance BTCUSDT which should be considered.
26th February 2020 08:36:58 UTC - 5 weeks ago
Bitfinex ETHUSD @ 236.48000000
Kraken XETHZUSD @ 235.68000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00011282 BTC with a 0.437% return
Bitcoin Trade Size
This nets an income of 0.006 BTC when you sell 51 bitcoin of ETHUSD at Bitfinex at the market price of 236.48000000 and order the interchangable volume of 51 BTC of XETHZUSD at Kraken priced at 235.68000000 resulting in 54.78 USD net gain with BTC positioned at 9,130 USD per 1 bitcoin. Presently the advice is to look at this more, as it would return a profit when executed to the sound of 0.00011282 per one bitcoin. The advice indicates that the profits will be confined causing obvious doubt to proceed if you factor in transfer and exchange fees, and, notably when presented with the opportunity of Bitmex XBTM20 to Binance BTCUSDT providing 0.03656085 bitcoin return per one bitcoin 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 26th February 2020 08:36:58, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
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